Portland General Electric (NYSE:POR) Upgraded at Zacks Research

Portland General Electric (NYSE:PORGet Free Report) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research firms have also weighed in on POR. BMO Capital Markets set a $52.00 price target on Portland General Electric in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective on Portland General Electric from $51.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Wells Fargo & Company set a $51.00 price objective on Portland General Electric in a research report on Tuesday, April 21st. Finally, Weiss Ratings upgraded shares of Portland General Electric from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $50.70.

Check Out Our Latest Report on POR

Portland General Electric Stock Performance

Shares of POR opened at $49.25 on Tuesday. The company has a 50-day simple moving average of $51.16 and a two-hundred day simple moving average of $51.36. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.98 and a quick ratio of 0.86. The firm has a market capitalization of $5.79 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 2.15 and a beta of 0.52. Portland General Electric has a one year low of $41.64 and a one year high of $54.62.

Portland General Electric (NYSE:PORGet Free Report) last posted its earnings results on Friday, July 31st. The utilities provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). Portland General Electric had a return on equity of 7.47% and a net margin of 7.27%.The firm had revenue of $814.00 million for the quarter, compared to analysts’ expectations of $839.75 million. During the same quarter last year, the company posted $0.66 EPS. The firm’s revenue was up .9% on a year-over-year basis. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. On average, analysts anticipate that Portland General Electric will post 3.4 EPS for the current fiscal year.

Insider Transactions at Portland General Electric

In related news, VP Juan Diego Gallegos sold 2,750 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $48.67, for a total transaction of $133,842.50. Following the completion of the transaction, the vice president owned 12,127 shares of the company’s stock, valued at $590,221.09. This trade represents a 18.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert N. Hoglund acquired 2,000 shares of the stock in a transaction on Monday, May 11th. The shares were bought at an average price of $48.80 per share, with a total value of $97,600.00. Following the purchase, the director directly owned 2,519 shares of the company’s stock, valued at $122,927.20. The trade was a 385.36% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Portland General Electric

A number of institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in shares of Portland General Electric during the fourth quarter valued at $25,000. Private Trust Co. NA boosted its stake in Portland General Electric by 76.4% in the 4th quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 239 shares in the last quarter. Johnson Financial Group Inc. bought a new position in Portland General Electric in the 3rd quarter worth about $27,000. Rothschild Investment LLC grew its position in Portland General Electric by 112.9% during the 4th quarter. Rothschild Investment LLC now owns 611 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 324 shares during the last quarter. Finally, SHP Wealth Management purchased a new stake in Portland General Electric during the 4th quarter valued at about $34,000.

About Portland General Electric

(Get Free Report)

Portland General Electric (NYSE:POR) is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.

As one of Oregon’s largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.

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Analyst Recommendations for Portland General Electric (NYSE:POR)

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