Shares of Portland General Electric (NYSE:POR) have earned a consensus recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $49.69.
A number of analysts have weighed in on POR shares. UBS Group upgraded Portland General Electric from a “sell” rating to a “neutral” rating and lowered their target price for the stock from $58.00 to $52.00 in a report on Monday, March 16th. Wells Fargo & Co lowered their target price on Portland General Electric from $64.00 to $48.00 and set an “equal weight” rating for the company in a report on Monday, April 27th. Guggenheim upgraded Portland General Electric from a “sell” rating to a “neutral” rating and upped their target price for the stock from $44.00 to $45.00 in a report on Monday, April 27th. They noted that the move was a valuation call. Zacks Investment Research upgraded Portland General Electric from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Tuesday. Finally, Mizuho lowered Portland General Electric from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $47.00 to $44.50 in a report on Tuesday, May 12th. They noted that the move was a valuation call.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in POR. Orion Portfolio Solutions LLC acquired a new position in shares of Portland General Electric in the 4th quarter valued at $27,000. CWM LLC grew its position in Portland General Electric by 288.2% during the 1st quarter. CWM LLC now owns 823 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 611 shares during the period. Allworth Financial LP acquired a new stake in Portland General Electric during the 1st quarter worth about $50,000. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Portland General Electric during the 4th quarter worth about $53,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Portland General Electric during the 1st quarter worth about $57,000. 95.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE POR traded up $0.07 during trading hours on Tuesday, reaching $41.81. The stock had a trading volume of 522,817 shares, compared to its average volume of 779,359. The company has a current ratio of 0.80, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 3.21 and a beta of 0.33. The business’s fifty day moving average price is $44.12 and its two-hundred day moving average price is $51.56. Portland General Electric has a 52-week low of $37.83 and a 52-week high of $63.08.
Portland General Electric (NYSE:POR) last announced its quarterly earnings results on Friday, April 24th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. The firm had revenue of $564.00 million during the quarter, compared to analyst estimates of $574.65 million. Portland General Electric had a return on equity of 8.59% and a net margin of 10.46%. Portland General Electric’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 earnings per share. Equities research analysts anticipate that Portland General Electric will post 2.38 earnings per share for the current fiscal year.
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 $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Wednesday, June 24th. Portland General Electric’s payout ratio is 64.44%.
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. The company operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2018, it owned an electric transmission system consisting of 1,256 circuit miles, including 287 circuit miles of 500 kilovolt line, 410 circuit miles of 230 kilovolt line, and 561 miles of 115 kilovolt line.
Further Reading: Short Selling – Explanation For Shorting Stocks
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.