Brokerages Set Portland General Electric Company (NYSE:POR) PT at $51.25

Shares of Portland General Electric Company (NYSE:POR) have received a consensus rating of “Hold” from the ten brokerages that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $51.25.

Several equities analysts recently weighed in on POR shares. LADENBURG THALM/SH SH upgraded shares of Portland General Electric from a “neutral” rating to a “buy” rating and set a $48.50 price target on the stock in a report on Thursday, August 13th. Zacks Research upgraded shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings downgraded shares of Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, August 27th. Finally, BMO Capital Markets set a $52.00 target price on shares of Portland General Electric in a report on Tuesday, August 4th.

Insider Activity

In other news, Director Michael A. Lewis sold 1,537 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $51.83, for a total value of $79,662.71. Following the completion of the transaction, the director owned 15,045 shares of the company’s stock, valued at $779,782.35. The trade was a 9.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.52% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Portland General Electric

Institutional investors have recently made changes to their positions in the company. Johnson Financial Group Inc. purchased a new position in Portland General Electric in the third quarter valued at $27,000. Rothschild Investment LLC boosted its stake in shares of 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 in the last quarter. SHP Wealth Management purchased a new position in shares of Portland General Electric in the 4th quarter valued at about $34,000. Northwestern Mutual Wealth Management Co. boosted its position in Portland General Electric by 272.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 719 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 526 shares in the last quarter. Finally, Root Financial Partners LLC increased its stake in shares of Portland General Electric by 55.8% during the first quarter. Root Financial Partners LLC now owns 1,014 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 363 shares in the last quarter.

Portland General Electric Trading Up 0.4%

Portland General Electric stock opened at $49.04 on Friday. 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 stock has a market cap of $5.77 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 2.10 and a beta of 0.51. The stock has a 50-day moving average of $50.97 and a two-hundred day moving average of $51.26. Portland General Electric has a one year low of $41.80 and a one year high of $54.62.

Portland General Electric (NYSE:POR) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.64 earnings per share (EPS) 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 analysts’ expectations of $839.75 million. During the same period in the prior year, the business posted $0.66 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, research analysts anticipate that Portland General Electric will post 3.4 EPS for the current fiscal year.

Portland General Electric Announces Dividend

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

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.