Portland General Electric Company (POR) Receives Consensus Recommendation of “Hold” from Analysts

Portland General Electric Company (NYSE:POR) has received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock. Four analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $41.40.

Several analysts have recently weighed in on POR shares. Zacks Investment Research downgraded Portland General Electric Company from a “hold” rating to a “sell” rating in a research report on Saturday, December 31st. Barclays PLC lifted their target price on Portland General Electric Company from $39.00 to $41.00 and gave the stock a “sell” rating in a research report on Friday, January 20th. Finally, Wolfe Research downgraded Portland General Electric Company from a “market perform” rating to an “underperform” rating in a research report on Tuesday, February 21st.

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In other news, insider Maria M. Pope sold 10,838 shares of the firm’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $44.07, for a total transaction of $477,630.66. Following the transaction, the insider now owns 11,425 shares in the company, valued at $503,499.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.47% of the company’s stock.

Several institutional investors have recently made changes to their positions in POR. BlackRock Fund Advisors raised its position in shares of Portland General Electric Company by 11.9% in the third quarter. BlackRock Fund Advisors now owns 2,605,353 shares of the utilities provider’s stock valued at $110,962,000 after buying an additional 277,820 shares in the last quarter. Northern Trust Corp raised its position in shares of Portland General Electric Company by 2.4% in the third quarter. Northern Trust Corp now owns 1,892,623 shares of the utilities provider’s stock valued at $80,606,000 after buying an additional 44,079 shares in the last quarter. GW&K Investment Management LLC raised its position in shares of Portland General Electric Company by 27.0% in the third quarter. GW&K Investment Management LLC now owns 380,980 shares of the utilities provider’s stock valued at $16,226,000 after buying an additional 81,046 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Portland General Electric Company by 2.4% in the fourth quarter. Bessemer Group Inc. now owns 60,400 shares of the utilities provider’s stock valued at $2,617,000 after buying an additional 1,400 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Portland General Electric Company by 12.3% in the third quarter. JPMorgan Chase & Co. now owns 3,495,138 shares of the utilities provider’s stock valued at $148,857,000 after buying an additional 383,895 shares in the last quarter. Hedge funds and other institutional investors own 94.37% of the company’s stock.

Shares of Portland General Electric Company (NYSE:POR) traded up 0.85% during mid-day trading on Monday, hitting $46.02. 425,632 shares of the stock were exchanged. The stock’s 50-day moving average is $44.88 and its 200-day moving average is $43.30. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 21.31 and a beta of 0.31. Portland General Electric Company has a 52 week low of $37.77 and a 52 week high of $46.11.

Portland General Electric Company (NYSE:POR) last issued its quarterly earnings results on Friday, February 17th. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Portland General Electric Company had a return on equity of 7.99% and a net margin of 9.64%. The company earned $524 million during the quarter, compared to the consensus estimate of $529.73 million. During the same period last year, the company earned $0.57 earnings per share. Portland General Electric Company’s revenue was up 5.0% on a year-over-year basis. Analysts forecast that Portland General Electric Company will post $2.26 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Monday, March 27th were paid a dividend of $0.32 per share. The ex-dividend date was Thursday, March 23rd. This represents a $1.28 annualized dividend and a dividend yield of 2.81%. Portland General Electric Company’s dividend payout ratio is currently 62.44%.

About Portland General Electric Company

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.

5 Day Chart for NYSE:POR

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