Shares of Portland General Electric Company (NYSE:POR) have earned an average rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $44.00.

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Portland General Electric from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Wednesday. BidaskClub upgraded shares of Portland General Electric from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Williams Capital lowered shares of Portland General Electric from a “hold” rating to a “sell” rating and cut their price objective for the stock from $44.00 to $41.00 in a report on Monday, July 24th. Finally, KeyCorp reiterated a “hold” rating on shares of Portland General Electric in a report on Friday, September 1st.

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Portland General Electric (POR) traded down 0.52% during trading on Friday, reaching $46.07. The company had a trading volume of 626,900 shares. The company has a market capitalization of $4.10 billion, a PE ratio of 20.57 and a beta of 0.28. The stock has a 50 day moving average price of $46.76 and a 200-day moving average price of $45.99. Portland General Electric has a 52-week low of $40.28 and a 52-week high of $48.22.

Portland General Electric (NYSE:POR) last posted its earnings results on Friday, July 28th. The utilities provider reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.08). The business had revenue of $449.00 million for the quarter, compared to analyst estimates of $465.70 million. Portland General Electric had a net margin of 10.06% and a return on equity of 8.48%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. On average, equities research analysts anticipate that Portland General Electric will post $2.22 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, September 25th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $1.36 dividend on an annualized basis and a yield of 2.95%. Portland General Electric’s dividend payout ratio is currently 60.71%.

A number of hedge funds have recently modified their holdings of the business. BlueMountain Capital Management LLC lifted its holdings in Portland General Electric by 0.3% in the 2nd quarter. BlueMountain Capital Management LLC now owns 5,489 shares of the utilities provider’s stock worth $251,000 after buying an additional 17 shares in the last quarter. Huntington National Bank increased its position in shares of Portland General Electric by 1.2% in the 2nd 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 last quarter. Trust Co. of Vermont increased its position in shares of Portland General Electric by 0.3% in the 2nd quarter. Trust Co. of Vermont now owns 11,889 shares of the utilities provider’s stock worth $544,000 after purchasing an additional 41 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Portland General Electric by 0.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 28,167 shares of the utilities provider’s stock worth $1,287,000 after purchasing an additional 122 shares during the last quarter. Finally, Amalgamated Bank increased its position in shares of Portland General Electric by 1.1% in the 2nd quarter. Amalgamated Bank now owns 11,374 shares of the utilities provider’s stock worth $520,000 after purchasing an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 93.16% of the company’s stock.

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)

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