Portland General Electric (POR) Receives $41.31 Consensus Target Price from Analysts

Shares of Portland General Electric (NYSE:POR) have earned an average rating of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $41.31.

Several research analysts have issued reports on the company. Bank of America downgraded Portland General Electric from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $41.00 to $39.00 in a report on Tuesday, March 6th. JPMorgan Chase reduced their price objective on Portland General Electric from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, March 27th. Guggenheim reaffirmed a “hold” rating and set a $48.00 price objective on shares of Portland General Electric in a report on Wednesday, January 3rd. Mizuho initiated coverage on Portland General Electric in a research note on Wednesday, February 14th. They issued a “buy” rating and a $43.50 price target on the stock. Finally, Wells Fargo set a $42.00 price target on Portland General Electric and gave the company a “hold” rating in a research note on Tuesday, February 13th.

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In other news, VP Bradley Young Jenkins sold 618 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.47, for a total value of $25,010.46. Following the transaction, the vice president now owns 896 shares of the company’s stock, valued at approximately $36,261.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in POR. Cerebellum GP LLC bought a new stake in shares of Portland General Electric in the 4th quarter valued at $122,000. Public Employees Retirement Association of Colorado bought a new stake in shares of Portland General Electric in the 4th quarter valued at $161,000. Jane Street Group LLC bought a new stake in shares of Portland General Electric in the 3rd quarter valued at $201,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Portland General Electric by 75.7% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,929 shares of the utilities provider’s stock valued at $225,000 after buying an additional 2,123 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Portland General Electric in the 4th quarter valued at $226,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

NYSE:POR traded down $0.22 during trading hours on Friday, hitting $40.21. 527,064 shares of the stock were exchanged, compared to its average volume of 755,799. Portland General Electric has a twelve month low of $39.02 and a twelve month high of $50.11. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.04 and a current ratio of 1.22. The company has a market cap of $3,583.31, a price-to-earnings ratio of 17.56, a P/E/G ratio of 6.30 and a beta of 0.22.

Portland General Electric (NYSE:POR) last posted its quarterly earnings data on Friday, February 16th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Portland General Electric had a return on equity of 8.50% and a net margin of 9.31%. The firm had revenue of $515.00 million for the quarter, compared to the consensus estimate of $514.60 million. During the same quarter in the prior year, the business earned $0.68 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. equities analysts predict that Portland General Electric will post 2.18 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, March 26th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Friday, March 23rd. Portland General Electric’s dividend payout ratio (DPR) is currently 59.39%.

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About Portland General Electric

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The company operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2017, it owned an electric transmission system consisting of 1,250 circuit miles, including 287 circuit miles of 500 kilovolt line, 402 circuit miles of 230 kilovolt line, and 561 miles of 115 kilovolt line.

Analyst Recommendations for Portland General Electric (NYSE:POR)

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