Portland General Electric Company (NYSE:POR) had its price target upped by J P Morgan Chase & Co from $47.00 to $48.00 in a research report sent to investors on Monday, October 30th. They currently have a neutral rating on the utilities provider’s stock.
POR has been the topic of a number of other research reports. Bank of America Corporation assumed coverage on Portland General Electric in a report on Tuesday, October 24th. They set a neutral rating and a $45.00 target price on the stock. KeyCorp reiterated a hold rating on shares of Portland General Electric in a report on Friday, September 1st. Zacks Investment Research upgraded Portland General Electric from a hold rating to a buy rating and set a $52.00 target price on the stock in a report on Wednesday, October 4th. BidaskClub upgraded Portland General Electric from a sell rating to a hold rating in a report on Monday, July 24th. Finally, Williams Capital downgraded Portland General Electric from a hold rating to a sell rating and reduced their target price for the stock from $44.00 to $41.00 in a report on Monday, July 24th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $46.00.
Shares of Portland General Electric (POR) traded down $0.13 during trading hours on Monday, reaching $49.34. The company had a trading volume of 650,567 shares, compared to its average volume of 591,368. Portland General Electric has a 52 week low of $40.71 and a 52 week high of $50.11. The stock has a market cap of $4,400.00, a P/E ratio of 21.62, a PEG ratio of 5.80 and a beta of 0.29. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 0.95.
Portland General Electric (NYSE:POR) last posted its earnings results on Friday, October 27th. The utilities provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. Portland General Electric had a return on equity of 8.65% and a net margin of 10.21%. The firm had revenue of $515.00 million for the quarter, compared to the consensus estimate of $497.85 million. During the same quarter in the prior year, the business earned $0.38 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. equities research analysts anticipate that Portland General Electric will post 2.26 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, December 26th will be given a $0.34 dividend. The ex-dividend date is Friday, December 22nd. This represents a $1.36 annualized dividend and a yield of 2.76%. Portland General Electric’s dividend payout ratio (DPR) is presently 58.87%.
A number of hedge funds have recently added to or reduced their stakes in POR. Neuberger Berman Group LLC bought a new position in shares of Portland General Electric during the 1st quarter valued at $293,000. Teachers Advisors LLC lifted its holdings in shares of Portland General Electric by 2.6% during the 1st quarter. Teachers Advisors LLC now owns 151,178 shares of the utilities provider’s stock valued at $6,715,000 after buying an additional 3,849 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Portland General Electric by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 7,764,045 shares of the utilities provider’s stock valued at $344,879,000 after buying an additional 256,914 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Portland General Electric by 3.6% during the 1st quarter. Geode Capital Management LLC now owns 694,480 shares of the utilities provider’s stock valued at $30,848,000 after buying an additional 23,820 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Portland General Electric by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,452,037 shares of the utilities provider’s stock valued at $64,500,000 after buying an additional 7,949 shares during the period. 91.89% of the stock is currently owned by institutional investors and hedge funds.
Portland General Electric Company Profile
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.
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