Portland General Electric (NYSE:POR) Stock Rating Lowered by KeyCorp

Portland General Electric (NYSE:POR) was downgraded by stock analysts at KeyCorp from an “overweight” rating to a “sector weight” rating in a research note issued to investors on Wednesday, Marketbeat reports. They currently have a $51.00 target price on the utilities provider’s stock. KeyCorp’s target price points to a potential upside of 20.82% from the company’s previous close. KeyCorp also issued estimates for Portland General Electric’s FY2025 earnings at $3.22 EPS.

POR has been the subject of a number of other reports. LADENBURG THALM/SH SH cut shares of Portland General Electric from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research report on Tuesday, February 18th. Evercore ISI reduced their target price on shares of Portland General Electric from $51.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Barclays reduced their target price on shares of Portland General Electric from $48.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 30th. StockNews.com upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a research report on Friday, April 25th. Finally, UBS Group upgraded shares of Portland General Electric from a “neutral” rating to a “buy” rating and increased their target price for the company from $47.00 to $50.00 in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.45.

Portland General Electric Stock Performance

NYSE:POR opened at $42.21 on Wednesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.92. The company has a fifty day moving average of $42.95 and a two-hundred day moving average of $43.77. The stock has a market capitalization of $4.62 billion, a PE ratio of 14.02, a P/E/G ratio of 1.11 and a beta of 0.57. Portland General Electric has a fifty-two week low of $40.05 and a fifty-two week high of $49.85.

Portland General Electric (NYSE:POR) last posted its quarterly earnings data on Friday, April 25th. The utilities provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.02). The company had revenue of $928.00 million for the quarter, compared to analyst estimates of $977.02 million. Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.21 earnings per share. As a group, research analysts forecast that Portland General Electric will post 3.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $41.32, for a total value of $56,815.00. Following the completion of the transaction, the chief financial officer now owns 31,960 shares of the company’s stock, valued at approximately $1,320,587.20. This trade represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Benjamin Felton sold 1,845 shares of Portland General Electric stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $43.02, for a total transaction of $79,371.90. Following the completion of the transaction, the executive vice president now owns 32,646 shares of the company’s stock, valued at $1,404,430.92. This represents a 5.35% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,795 shares of company stock worth $159,946. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Synergy Asset Management LLC raised its holdings in Portland General Electric by 260.6% during the fourth quarter. Synergy Asset Management LLC now owns 114,496 shares of the utilities provider’s stock worth $5,096,000 after purchasing an additional 82,743 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Portland General Electric by 13.2% during the 4th quarter. Blair William & Co. IL now owns 5,925 shares of the utilities provider’s stock worth $258,000 after purchasing an additional 692 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Portland General Electric by 3.7% during the 4th quarter. American Century Companies Inc. now owns 141,367 shares of the utilities provider’s stock worth $6,166,000 after purchasing an additional 5,084 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Portland General Electric by 1.3% in the 4th quarter. Natixis Advisors LLC now owns 322,686 shares of the utilities provider’s stock worth $14,076,000 after buying an additional 4,195 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Portland General Electric by 11.6% in the 4th quarter. Van ECK Associates Corp now owns 93,330 shares of the utilities provider’s stock worth $4,071,000 after buying an additional 9,715 shares in the last quarter.

Portland General Electric Company Profile

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, three wind farms, and seven hydroelectric facilities. As of December 31, 2023, the company owned an electric transmission system consisting of 1,254 circuit miles, including 287 circuit miles of 500 kilovolt line, 413 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line; and served 934 thousand retail customers in 51 cities.