Portland General Electric (NYSE:POR) Receives $45.13 Average Target Price from Brokerages

Portland General Electric (NYSE:POR) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $45.13.

A number of research analysts recently commented on POR shares. Barclays decreased their price objective on Portland General Electric from $45.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, February 21st. Bank of America cut Portland General Electric from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $55.00 to $43.00 in a report on Monday, February 5th. StockNews.com cut Portland General Electric from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Mizuho restated a “neutral” rating and set a $42.00 price target (down from $43.00) on shares of Portland General Electric in a research note on Tuesday, February 20th. Finally, UBS Group upgraded Portland General Electric from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $47.00 to $45.00 in a research note on Monday, January 29th.

Portland General Electric Stock Performance

Shares of POR stock opened at $41.35 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 1.26. Portland General Electric has a 52-week low of $38.01 and a 52-week high of $51.58. The business has a 50-day simple moving average of $40.92 and a 200-day simple moving average of $41.42. The stock has a market cap of $4.18 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 2.62 and a beta of 0.57.

Portland General Electric (NYSE:POR) last posted its quarterly earnings data on Friday, February 16th. The utilities provider reported $0.68 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.20). Portland General Electric had a return on equity of 7.21% and a net margin of 7.80%. The firm had revenue of $725.00 million for the quarter, compared to analysts’ expectations of $740.21 million. During the same quarter last year, the firm posted $0.70 earnings per share. Portland General Electric’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Portland General Electric will post 3.07 EPS for the current year.

Portland General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 22nd will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Thursday, March 21st. Portland General Electric’s dividend payout ratio is currently 81.55%.

Institutional Trading of Portland General Electric

A number of large investors have recently modified their holdings of POR. Johnson Financial Group Inc. purchased a new stake in shares of Portland General Electric during the fourth quarter worth $25,000. Fifth Third Bancorp increased its holdings in Portland General Electric by 181.8% in the fourth quarter. Fifth Third Bancorp now owns 634 shares of the utilities provider’s stock valued at $27,000 after buying an additional 409 shares during the last quarter. Spirit of America Management Corp NY purchased a new position in Portland General Electric in the third quarter valued at $32,000. BKM Wealth Management LLC purchased a new position in Portland General Electric in the fourth quarter valued at $33,000. Finally, Allworth Financial LP increased its holdings in Portland General Electric by 44.0% in the third quarter. Allworth Financial LP now owns 854 shares of the utilities provider’s stock valued at $35,000 after buying an additional 261 shares during the last quarter.

Portland General Electric Company Profile

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, three wind farms, and seven hydroelectric facilities. As of December 31, 2023, the company owned an electric transmission system consisting of 1,254 circuit miles, including 287 circuit miles of 500 kilovolt line, 413 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line; and served 934 thousand retail customers in 51 cities.