Portland General Electric Company (NYSE:POR) has been assigned an average recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $44.50.

A number of brokerages have recently commented on POR. J P Morgan Chase & Co lifted their price target on shares of Portland General Electric from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. KeyCorp reiterated a “hold” rating on shares of Portland General Electric in a research note on Friday, September 1st. BidaskClub upgraded shares of Portland General Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Williams Capital lowered shares of Portland General Electric from a “hold” rating to a “sell” rating and reduced their price target for the stock from $44.00 to $41.00 in a research note on Monday, July 24th. Finally, Zacks Investment Research upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st.

Portland General Electric (NYSE POR) traded down $0.04 during trading hours on Thursday, reaching $47.76. 1,082,041 shares of the company’s stock were exchanged, compared to its average volume of 1,215,422. The company has a market cap of $4,255.03, a price-to-earnings ratio of 20.77, a P/E/G ratio of 5.57 and a beta of 0.29. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.64 and a current ratio of 0.95. Portland General Electric has a 1-year low of $40.71 and a 1-year high of $48.22.

Portland General Electric (NYSE:POR) last released its quarterly earnings data on Friday, October 27th. The utilities provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. The business had revenue of $515.00 million during the quarter, compared to analyst estimates of $497.85 million. Portland General Electric had a net margin of 10.21% and a return on equity of 8.65%. Portland General Electric’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.38 EPS. sell-side analysts anticipate that Portland General Electric will post 2.26 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, December 26th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.85%. The ex-dividend date is Friday, December 22nd. Portland General Electric’s dividend payout ratio is currently 59.13%.

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in Portland General Electric by 0.9% during the second quarter. JPMorgan Chase & Co. now owns 4,705,994 shares of the utilities provider’s stock valued at $215,017,000 after purchasing an additional 43,692 shares in the last quarter. Legal & General Group Plc lifted its holdings in Portland General Electric by 5.0% during the second quarter. Legal & General Group Plc now owns 317,870 shares of the utilities provider’s stock valued at $14,527,000 after purchasing an additional 15,254 shares in the last quarter. Jackson Wealth Management LLC lifted its holdings in Portland General Electric by 9.6% during the second quarter. Jackson Wealth Management LLC now owns 45,503 shares of the utilities provider’s stock valued at $2,053,000 after purchasing an additional 3,972 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Portland General Electric by 6.7% during the second quarter. State of Alaska Department of Revenue now owns 9,806 shares of the utilities provider’s stock valued at $448,000 after purchasing an additional 614 shares in the last quarter. Finally, Magellan Asset Management Ltd lifted its holdings in Portland General Electric by 7.2% during the second quarter. Magellan Asset Management Ltd now owns 60,626 shares of the utilities provider’s stock valued at $2,770,000 after purchasing an additional 4,072 shares in the last quarter. 93.45% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Portland General Electric Company (POR) Receives $44.50 Average PT from Brokerages” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.dailypolitical.com/2017/11/05/portland-general-electric-company-por-receives-44-50-average-pt-from-brokerages.html.

About Portland General Electric

Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. Its service area allocation of approximately 4,000 square miles is located entirely within Oregon and includes approximately 51 incorporated cities, of which Portland and Salem.

Analyst Recommendations for Portland General Electric (NYSE:POR)

Receive News & Ratings for Portland General Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Portland General Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.