Portland General Electric Company (NYSE:POR) Receives $51.25 Consensus PT from Brokerages

Portland General Electric Company (NYSE:POR) has earned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $51.25.

A number of research analysts have weighed in on POR shares. BMO Capital Markets set a $52.00 target price on Portland General Electric in a report on Tuesday, August 4th. Zacks Research upgraded Portland General Electric from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings cut Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, LADENBURG THALM/SH SH upgraded Portland General Electric from a “neutral” rating to a “buy” rating and set a $48.50 price target on the stock in a research report on Thursday, August 13th.

Portland General Electric Stock Performance

Shares of POR opened at $49.60 on Friday. The firm’s 50-day moving average price is $51.04 and its 200-day moving average price is $51.30. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 2.13 and a beta of 0.52. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. Portland General Electric has a 1-year low of $41.80 and a 1-year high of $54.62.

Portland General Electric (NYSE:POR) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). Portland General Electric had a net margin of 7.27% and a return on equity of 7.47%. The company had revenue of $814.00 million for the quarter, compared to analysts’ expectations of $839.75 million. During the same quarter in the prior year, the firm earned $0.66 EPS. Portland General Electric’s quarterly revenue was up .9% compared to the same quarter last year. Sell-side analysts anticipate that Portland General Electric will post 3.4 EPS for the current year.

Portland General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, September 25th will be given a dividend of $0.5513 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $2.21 annualized dividend and a yield of 4.4%. Portland General Electric’s dividend payout ratio (DPR) is currently 96.92%.

Insider Activity at Portland General Electric

In other news, Director Michael A. Lewis sold 1,537 shares of the business’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $51.83, for a total transaction of $79,662.71. Following the sale, the director owned 15,045 shares in the company, valued at approximately $779,782.35. The trade was a 9.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC lifted its stake in shares of Portland General Electric by 18.8% in the first quarter. Sterling Capital Management LLC now owns 127,496 shares of the utilities provider’s stock worth $6,728,000 after buying an additional 20,147 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Portland General Electric by 683.5% during the fourth quarter. GSA Capital Partners LLP now owns 43,282 shares of the utilities provider’s stock valued at $2,077,000 after acquiring an additional 37,758 shares in the last quarter. Jennison Associates LLC purchased a new position in Portland General Electric in the 4th quarter worth approximately $897,000. LSV Asset Management raised its holdings in Portland General Electric by 34.1% in the 4th quarter. LSV Asset Management now owns 799,147 shares of the utilities provider’s stock worth $38,351,000 after acquiring an additional 203,400 shares during the last quarter. Finally, Norges Bank purchased a new position in Portland General Electric in the 4th quarter worth approximately $56,497,000.

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.