Portland General Electric Company (NYSE:POR) Receives Average Recommendation of “Hold” from Analysts

Shares of Portland General Electric Company (NYSE:POR) have earned an average recommendation of “Hold” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $47.5833.

Several research firms have commented on POR. LADENBURG THALM/SH SH reiterated a “sell” rating and set a $43.00 price target on shares of Portland General Electric in a report on Thursday, December 4th. BTIG Research reaffirmed a “buy” rating on shares of Portland General Electric in a research report on Tuesday, December 30th. JPMorgan Chase & Co. increased their target price on Portland General Electric from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Wells Fargo & Company began coverage on Portland General Electric in a research note on Monday, October 27th. They issued an “equal weight” rating and a $45.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Portland General Electric in a research report on Monday, December 29th.

Institutional Trading of Portland General Electric

Several institutional investors have recently modified their holdings of the stock. OneDigital Investment Advisors LLC grew its position in shares of Portland General Electric by 3.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,309 shares of the utilities provider’s stock valued at $366,000 after buying an additional 248 shares during the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of Portland General Electric by 0.8% during the second quarter. Johnson Investment Counsel Inc. now owns 38,261 shares of the utilities provider’s stock worth $1,555,000 after purchasing an additional 301 shares during the last quarter. Connable Office Inc. increased its position in shares of Portland General Electric by 5.1% during the second quarter. Connable Office Inc. now owns 6,564 shares of the utilities provider’s stock worth $267,000 after purchasing an additional 318 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Portland General Electric by 35.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 323 shares during the last quarter. Finally, State of Wyoming boosted its position in shares of Portland General Electric by 2.3% in the 3rd quarter. State of Wyoming now owns 15,210 shares of the utilities provider’s stock valued at $669,000 after purchasing an additional 345 shares during the period.

Portland General Electric Stock Performance

Shares of POR stock opened at $49.64 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.95 and a current ratio of 1.08. The firm has a market cap of $5.58 billion, a P/E ratio of 18.05, a P/E/G ratio of 4.35 and a beta of 0.67. The firm’s 50 day moving average price is $48.92 and its 200-day moving average price is $45.10. Portland General Electric has a one year low of $39.54 and a one year high of $51.14.

Portland General Electric (NYSE:POR) last announced its earnings results on Thursday, October 30th. The utilities provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The company had revenue of $952.00 million during the quarter, compared to analysts’ expectations of $975.64 million. Portland General Electric had a return on equity of 8.32% and a net margin of 8.63%.Portland General Electric’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.90 EPS. As a group, equities research analysts predict that Portland General Electric will post 3.21 EPS for the current year.

Portland General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 22nd were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, December 22nd. Portland General Electric’s dividend payout ratio is currently 76.36%.

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.