Portland General Electric (NYSE:POR) Stock Rating Upgraded by Zacks Research

Portland General Electric (NYSE:POR) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other research analysts have also commented on POR. Weiss Ratings upgraded shares of Portland General Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Wells Fargo & Company set a $51.00 price objective on Portland General Electric in a report on Tuesday, April 21st. JPMorgan Chase & Co. upped their target price on Portland General Electric from $51.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Finally, BMO Capital Markets set a $52.00 price objective on shares of Portland General Electric in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.70.

Portland General Electric Stock Down 1.6%

Portland General Electric stock opened at $49.25 on Tuesday. Portland General Electric has a twelve month low of $41.64 and a twelve month high of $54.62. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 0.98. The firm has a market cap of $5.79 billion, a PE ratio of 21.69, a P/E/G ratio of 2.15 and a beta of 0.52. The firm’s 50 day moving average price is $51.16 and its two-hundred day moving average price is $51.36.

Portland General Electric (NYSE:POR) last posted its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). Portland General Electric had a return on equity of 7.47% and a net margin of 7.27%.The company had revenue of $814.00 million during the quarter, compared to analyst estimates of $839.75 million. During the same period last year, the company posted $0.66 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. On average, research analysts predict that Portland General Electric will post 3.4 EPS for the current fiscal year.

Insider Buying and Selling at Portland General Electric

In other Portland General Electric news, Director Robert N. Hoglund acquired 2,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $48.80 per share, for a total transaction of $97,600.00. Following the purchase, the director owned 2,519 shares in the company, valued at $122,927.20. This represents a 385.36% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Juan Diego Gallegos sold 2,750 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $48.67, for a total transaction of $133,842.50. Following the transaction, the vice president directly owned 12,127 shares of the company’s stock, valued at $590,221.09. The trade was a 18.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bank & Trust Co raised its position in shares of Portland General Electric by 2.0% in the second quarter. Bank & Trust Co now owns 10,115 shares of the utilities provider’s stock valued at $524,000 after buying an additional 198 shares in the last quarter. Natixis Advisors LLC increased its stake in Portland General Electric by 0.6% during the 4th quarter. Natixis Advisors LLC now owns 35,548 shares of the utilities provider’s stock worth $1,706,000 after acquiring an additional 207 shares during the period. Sigma Planning Corp increased its stake in Portland General Electric by 3.9% during the 4th quarter. Sigma Planning Corp now owns 5,663 shares of the utilities provider’s stock worth $272,000 after acquiring an additional 210 shares during the period. First Citizens Bank & Trust Co. raised its holdings in Portland General Electric by 2.0% in the 1st quarter. First Citizens Bank & Trust Co. now owns 10,997 shares of the utilities provider’s stock valued at $580,000 after acquiring an additional 218 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Portland General Electric by 18.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,469 shares of the utilities provider’s stock valued at $71,000 after acquiring an additional 226 shares in the last quarter.

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.