Portland General Electric (NYSE:POR) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Portland General Electric (NYSE:POR) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

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

Portland General Electric Trading Down 1.6%

Shares of Portland General Electric stock opened at $49.25 on Tuesday. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 2.15 and a beta of 0.52. Portland General Electric has a 52-week low of $41.64 and a 52-week high of $54.62. The company’s 50-day simple moving average is $51.16 and its 200-day simple moving average is $51.36. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.26.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). Portland General Electric had a net margin of 7.27% and a return on equity of 7.47%. The firm had revenue of $814.00 million during the quarter, compared to analyst estimates of $839.75 million. During the same quarter in the previous year, the business earned $0.66 EPS. Portland General Electric’s revenue for the quarter was up .9% on a year-over-year basis. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. As a group, equities research analysts anticipate that Portland General Electric will post 3.4 earnings per share for the current year.

Portland General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.5513 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $2.21 dividend on an annualized basis and a dividend yield of 4.5%. Portland General Electric’s dividend payout ratio is currently 96.92%.

Insider Transactions at Portland General Electric

In related news, Director Michael A. Lewis sold 1,537 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $51.83, for a total value of $79,662.71. Following the transaction, the director owned 15,045 shares in the company, valued at approximately $779,782.35. This trade represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert N. Hoglund acquired 2,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was bought at an average cost of $48.80 per share, for a total transaction of $97,600.00. Following the completion of the transaction, the director directly owned 2,519 shares of the company’s stock, valued at $122,927.20. This trade represents a 385.36% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Portland General Electric

Several hedge funds and other institutional investors have recently bought and sold shares of POR. Vanguard Group Inc. lifted its stake in Portland General Electric by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 13,020,573 shares of the utilities provider’s stock worth $624,857,000 after purchasing an additional 513,517 shares during the last quarter. State Street Corp raised its holdings in shares of Portland General Electric by 3.4% during the fourth quarter. State Street Corp now owns 4,728,784 shares of the utilities provider’s stock valued at $229,333,000 after acquiring an additional 156,164 shares during the period. Clearbridge Investments LLC lifted its stake in Portland General Electric by 1,342.7% in the 4th quarter. Clearbridge Investments LLC now owns 4,643,134 shares of the utilities provider’s stock worth $222,824,000 after acquiring an additional 4,321,305 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Portland General Electric by 42.2% in the fourth quarter. AQR Capital Management LLC now owns 3,551,731 shares of the utilities provider’s stock worth $170,448,000 after acquiring an additional 1,054,450 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Portland General Electric by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 2,805,796 shares of the utilities provider’s stock valued at $134,680,000 after buying an additional 73,185 shares during 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.