Portland General Electric (NYSE:POR) Price Target Raised to $53.00

Portland General Electric (NYSE:POR) had its target price raised by Barclays from $47.00 to $53.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the utilities provider’s stock.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group upped their price target on Portland General Electric from $43.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company upped their target price on shares of Portland General Electric from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Portland General Electric in a research report on Monday, December 29th. Loop Capital set a $48.00 target price on Portland General Electric in a research report on Tuesday, December 30th. Finally, JPMorgan Chase & Co. upped their price target on Portland General Electric from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $50.17.

Portland General Electric Price Performance

Shares of POR stock opened at $52.04 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 0.95. The company has a market capitalization of $6.01 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 4.54 and a beta of 0.67. The firm’s 50-day moving average is $49.64 and its two-hundred day moving average is $46.66. Portland General Electric has a 12 month low of $39.54 and a 12 month high of $54.39.

Portland General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 23rd will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, March 23rd. Portland General Electric’s payout ratio is 75.81%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in POR. V Square Quantitative Management LLC acquired a new position in Portland General Electric in the fourth quarter valued at approximately $25,000. Private Trust Co. NA boosted its holdings in shares of Portland General Electric by 76.4% in the 4th quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock valued at $26,000 after buying an additional 239 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Portland General Electric in the 3rd quarter valued at $27,000. Rothschild Investment LLC grew its position in shares of Portland General Electric by 112.9% in the 4th quarter. Rothschild Investment LLC now owns 611 shares of the utilities provider’s stock valued at $29,000 after buying an additional 324 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in Portland General Electric during the 3rd quarter worth $27,000.

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.