Portland General Electric Company (NYSE:POR) Receives $51.00 Consensus Price Target from Analysts

Shares of Portland General Electric Company (NYSE:POR) have earned an average rating of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $51.00.

A number of equities analysts have recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Portland General Electric in a report on Friday, May 15th. UBS Group boosted their price target on Portland General Electric from $53.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. BTIG Research reissued a “buy” rating and set a $58.00 price target on shares of Portland General Electric in a report on Friday, January 30th. JPMorgan Chase & Co. boosted their price target on Portland General Electric from $51.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Finally, Barclays boosted their price target on Portland General Electric from $47.00 to $53.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 17th.

Insider Transactions at Portland General Electric

In related news, EVP Benjamin Felton sold 4,969 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $53.56, for a total transaction of $266,139.64. Following the sale, the executive vice president owned 41,081 shares in the company, valued at $2,200,298.36. The trade was a 10.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert N. Hoglund acquired 2,000 shares of Portland General Electric stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average price of $48.80 per share, for a total transaction of $97,600.00. Following the transaction, the director directly owned 2,519 shares in the company, valued at $122,927.20. The trade was a 385.36% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have sold 15,219 shares of company stock worth $767,707. 0.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Portland General Electric

A number of hedge funds and other institutional investors have recently bought and sold shares of POR. V Square Quantitative Management LLC bought a new stake in Portland General Electric during the 4th quarter worth $25,000. Private Trust Co. NA grew its position in Portland General Electric by 76.4% during the 4th quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 239 shares during the last quarter. Root Financial Partners LLC bought a new stake in Portland General Electric during the 3rd quarter worth $27,000. Johnson Financial Group Inc. bought a new stake in Portland General Electric during the 3rd quarter worth $27,000. Finally, 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 worth $29,000 after acquiring an additional 324 shares during the last quarter.

Portland General Electric Trading Up 0.1%

Shares of POR opened at $49.89 on Wednesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.95 and a current ratio of 1.09. Portland General Electric has a 52-week low of $39.54 and a 52-week high of $54.62. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.09 and a beta of 0.54. The business’s fifty day moving average is $51.18 and its 200-day moving average is $50.53.

Portland General Electric (NYSE:POR) last posted its quarterly earnings results on Thursday, April 30th. The utilities provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.19). Portland General Electric had a return on equity of 7.57% and a net margin of 7.12%.The business had revenue of $879.00 million for the quarter, compared to analyst estimates of $953.24 million. During the same period last year, the firm posted $0.91 EPS. Portland General Electric’s quarterly revenue was down 5.3% on a year-over-year basis. Equities analysts anticipate that Portland General Electric will post 3.39 EPS for the current fiscal year.

Portland General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th will be issued a dividend of $0.5513 per share. 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. This represents a $2.21 dividend on an annualized basis and a dividend yield of 4.4%. Portland General Electric’s payout ratio is presently 93.75%.

About Portland General Electric

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.