Portland General Electric Company (NYSE:POR – Get Free Report) has been assigned an average rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $51.00.
POR has been the topic of several research analyst reports. UBS Group raised their price objective on shares of Portland General Electric from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Portland General Electric in a research note on Friday, May 15th. Wells Fargo & Company set a $51.00 price objective on shares of Portland General Electric in a research note on Tuesday, April 21st. JPMorgan Chase & Co. raised their price objective on shares of Portland General Electric from $51.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $55.00 price objective on shares of Portland General Electric in a research note on Thursday, February 19th.
View Our Latest Research Report on POR
Portland General Electric Trading Up 0.7%
Portland General Electric (NYSE:POR – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.19). The company had revenue of $879.00 million during the quarter, compared to analyst estimates of $953.24 million. Portland General Electric had a return on equity of 7.57% and a net margin of 7.12%.The company’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 EPS. Equities analysts predict that Portland General Electric will post 3.39 EPS for the current year.
Portland General Electric Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, June 25th will be given a $0.5513 dividend. This represents a $2.21 annualized dividend and a yield of 4.4%. This is an increase from Portland General Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Thursday, June 25th. Portland General Electric’s dividend payout ratio (DPR) is 93.75%.
Insider Buying and Selling
In other news, Director Robert N. Hoglund bought 2,000 shares of Portland General Electric stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $48.80 per share, with a total value of $97,600.00. Following the completion of the transaction, the director directly owned 2,519 shares in the company, valued at $122,927.20. This trade represents a 385.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joseph R. Trpik, Jr. sold 7,500 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $49.03, for a total value of $367,725.00. Following the completion of the transaction, the chief financial officer directly owned 31,897 shares of the company’s stock, valued at approximately $1,563,909.91. This trade represents a 19.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.52% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Portland General Electric by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 13,020,573 shares of the utilities provider’s stock worth $624,857,000 after purchasing an additional 513,517 shares during the period. State Street Corp lifted its position in Portland General Electric by 3.4% in the fourth quarter. State Street Corp now owns 4,728,784 shares of the utilities provider’s stock worth $229,333,000 after purchasing an additional 156,164 shares during the period. Clearbridge Investments LLC lifted its position in Portland General Electric by 1,342.7% in the fourth quarter. Clearbridge Investments LLC now owns 4,643,134 shares of the utilities provider’s stock worth $222,824,000 after purchasing an additional 4,321,305 shares during the period. AQR Capital Management LLC lifted its position in Portland General Electric by 42.2% in the fourth quarter. AQR Capital Management LLC now owns 3,551,731 shares of the utilities provider’s stock worth $170,448,000 after purchasing an additional 1,054,450 shares during the period. Finally, Geode Capital Management LLC lifted its position in Portland General Electric by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 2,805,796 shares of the utilities provider’s stock worth $134,680,000 after purchasing an additional 73,185 shares during the period.
Portland General Electric Company Profile
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.
See Also
- Five stocks we like better than Portland General Electric
- Credo Technologies Accelerates AI—Its Stock Price Will Follow
- Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
- Jabil Just Gave Investors a Stronger Reason to Buy the Dip
- CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge
Receive News & Ratings for Portland General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Portland General Electric and related companies with MarketBeat.com's FREE daily email newsletter.
