Portland General Electric (NYSE:POR) Price Target Raised to $54.00

Portland General Electric (NYSE:POR) had its price target raised by JPMorgan Chase & Co. from $51.00 to $54.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a neutral rating on the utilities provider’s stock.

Other equities analysts also recently issued research reports about the company. Weiss Ratings downgraded Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. BTIG Research reissued a “buy” rating and issued a $58.00 target price on shares of Portland General Electric in a research note on Friday, January 30th. BMO Capital Markets reissued a “market perform” rating and issued a $55.00 target price on shares of Portland General Electric in a research note on Thursday, February 19th. Wells Fargo & Company increased their target price on Portland General Electric from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 20th. Finally, UBS Group increased their target price on Portland General Electric from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.75.

Portland General Electric Price Performance

Shares of Portland General Electric stock opened at $50.37 on Monday. The business has a 50 day moving average of $52.75 and a 200 day moving average of $49.80. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.19. The company has a market cap of $5.83 billion, a PE ratio of 18.18, a P/E/G ratio of 2.10 and a beta of 0.62. Portland General Electric has a 52 week low of $39.54 and a 52 week high of $54.62.

Portland General Electric (NYSE:POR) last posted its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.12). The firm had revenue of $889.00 million during the quarter, compared to the consensus estimate of $892.31 million. Portland General Electric had a return on equity of 8.52% and a net margin of 8.56%.During the same quarter last year, the company posted $0.36 EPS. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. As a group, equities research analysts forecast that Portland General Electric will post 3.42 earnings per share for the current year.

Portland General Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 23rd were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.10 annualized dividend and a dividend yield of 4.2%. Portland General Electric’s dividend payout ratio (DPR) is 75.81%.

Insider Activity at Portland General Electric

In related news, EVP Benjamin Felton sold 4,969 shares of the 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 directly owned 41,081 shares of the company’s stock, valued at $2,200,298.36. This trade represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Natixis Advisors LLC lifted its holdings in Portland General Electric by 0.6% in the fourth quarter. Natixis Advisors LLC now owns 35,548 shares of the utilities provider’s stock valued at $1,706,000 after acquiring an additional 207 shares during the period. Sigma Planning Corp lifted its holdings in Portland General Electric by 3.9% in the fourth quarter. Sigma Planning Corp now owns 5,663 shares of the utilities provider’s stock valued at $272,000 after acquiring an additional 210 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Portland General Electric by 18.2% in the fourth 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 during the period. Fox Hill Wealth Management lifted its holdings in Portland General Electric by 0.6% in the fourth quarter. Fox Hill Wealth Management now owns 39,373 shares of the utilities provider’s stock valued at $1,890,000 after acquiring an additional 237 shares during the period. Finally, Private Trust Co. NA lifted its holdings in Portland General Electric by 76.4% in the fourth quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 239 shares during the period.

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.