Portland General Electric Company (NYSE:POR) has received an average recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $42.00.

A number of analysts have weighed in on POR shares. KeyCorp restated a “hold” rating on shares of Portland General Electric in a research report on Friday, September 1st. BidaskClub upgraded shares of Portland General Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. Finally, Williams Capital lowered shares of Portland General Electric from a “hold” rating to a “sell” rating and cut their target price for the company from $44.00 to $41.00 in a research report on Monday, July 24th.

TRADEMARK VIOLATION NOTICE: This piece was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/16/brokerages-set-portland-general-electric-company-por-target-price-at-42-00.html.

Large investors have recently modified their holdings of the company. Huntington National Bank lifted its holdings in shares of Portland General Electric by 1.2% during the second quarter. Huntington National Bank now owns 2,809 shares of the utilities provider’s stock worth $128,000 after purchasing an additional 34 shares during the period. IFP Advisors Inc lifted its holdings in shares of Portland General Electric by 0.4% during the first quarter. IFP Advisors Inc now owns 2,811 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 10 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Portland General Electric during the second quarter worth $141,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Portland General Electric by 52.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,906 shares of the utilities provider’s stock worth $178,000 after purchasing an additional 1,352 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Portland General Electric during the second quarter worth $202,000. Institutional investors own 93.19% of the company’s stock.

Portland General Electric (NYSE POR) traded down 0.28% on Wednesday, reaching $46.96. 854,366 shares of the company traded hands. The stock has a 50-day moving average of $46.59 and a 200 day moving average of $45.84. Portland General Electric has a 52-week low of $40.28 and a 52-week high of $48.22. The company has a market capitalization of $4.18 billion, a PE ratio of 20.96 and a beta of 0.29.

Portland General Electric (NYSE:POR) last issued its earnings results on Friday, July 28th. The utilities provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). Portland General Electric had a net margin of 10.06% and a return on equity of 8.48%. The company had revenue of $449.00 million during the quarter, compared to analyst estimates of $465.70 million. During the same quarter in the prior year, the business earned $0.42 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities analysts forecast that Portland General Electric will post $2.22 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, September 25th will be issued a dividend of $0.34 per share. The ex-dividend date is Friday, September 22nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.90%. Portland General Electric’s dividend payout ratio (DPR) is presently 60.71%.

About Portland General Electric

Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. Its service area allocation of approximately 4,000 square miles is located entirely within Oregon and includes approximately 51 incorporated cities, of which Portland and Salem.

Analyst Recommendations for Portland General Electric (NYSE:POR)

Receive News & Stock Ratings for Portland General Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Portland General Electric Company and related stocks with our FREE daily email newsletter.