Portland General Electric (NYSE:POR) Stock Crosses Below 50-Day Moving Average – What’s Next?

Portland General Electric Company (NYSE:POR) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $45.93 and traded as low as $45.29. Portland General Electric shares last traded at $45.8850, with a volume of 1,258,744 shares trading hands.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Portland General Electric from $56.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, September 9th. BTIG Research set a $57.00 price target on shares of Portland General Electric in a report on Tuesday, October 20th. Weiss Ratings cut shares of Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, August 27th. BMO Capital Markets decreased their price objective on shares of Portland General Electric from $52.00 to $47.00 and set a “market perform” rating for the company in a research note on Wednesday, September 30th. Finally, UBS Group decreased their price objective on shares of Portland General Electric from $53.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, September 28th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $51.56.

Portland General Electric Trading Down 0.2%

The firm has a fifty day moving average of $45.93 and a 200-day moving average of $49.87. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.01 and a current ratio of 1.15. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 2.86 and a beta of 0.48.

Portland General Electric (NYSE:POR) last issued its quarterly earnings data on Thursday, October 29th. The utilities provider reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.05). The company had revenue of $971.00 million for the quarter, compared to analyst estimates of $1.02 billion. Portland General Electric had a return on equity of 7.66% and a net margin of 7.68%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 EPS. As a group, equities analysts predict that Portland General Electric Company will post 3.28 earnings per share for the current fiscal year.

Portland General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, December 22nd will be issued a dividend of $0.5513 per share. This represents a $2.21 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Tuesday, December 22nd. Portland General Electric’s dividend payout ratio (DPR) is presently 94.42%.

Hedge Funds Weigh In On Portland General Electric

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank & Trust Co boosted its holdings in Portland General Electric by 2.0% in the 2nd quarter. Bank & Trust Co now owns 10,115 shares of the utilities provider’s stock worth $524,000 after acquiring an additional 198 shares during the period. First Citizens Bank & Trust Co. lifted its position in shares of Portland General Electric by 2.0% during the first quarter. First Citizens Bank & Trust Co. now owns 10,997 shares of the utilities provider’s stock worth $580,000 after purchasing an additional 218 shares in the last quarter. State of Wyoming lifted its position in shares of Portland General Electric by 20.0% during the third quarter. State of Wyoming now owns 1,432 shares of the utilities provider’s stock worth $64,000 after purchasing an additional 239 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of Portland General Electric by 3.3% during the second quarter. OneDigital Investment Advisors LLC now owns 7,588 shares of the utilities provider’s stock worth $393,000 after purchasing an additional 241 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its position in shares of Portland General Electric by 4.7% during the third quarter. Wedbush Securities Inc. now owns 6,037 shares of the utilities provider’s stock worth $269,000 after purchasing an additional 269 shares in the last quarter.

About Portland General Electric

Portland General Electric Company (PGE) is an investor-owned electric utility headquartered in Portland, Oregon. The company generates, transmits and distributes electricity to residential, commercial and industrial customers. PGE serves communities across Oregon, including the Portland metropolitan area and Salem. Its operations include a mix of company-owned and contracted power resources, as well as the transmission and distribution infrastructure needed to deliver electricity to customers. The company traces its history to the late 19th century and has grown alongside Oregon’s cities and industries.