Portland General Electric Company (NYSE:POR) Receives Consensus Rating of “Hold” from Analysts

Shares of Portland General Electric Company (NYSE:POR) have been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $47.5455.

Several equities research analysts have recently commented on POR shares. Weiss Ratings raised Portland General Electric from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 22nd. BTIG Research raised shares of Portland General Electric to a “strong-buy” rating in a research report on Wednesday, October 22nd. LADENBURG THALM/SH SH restated a “sell” rating and set a $43.00 price objective on shares of Portland General Electric in a research note on Thursday, December 4th. Barclays raised their target price on shares of Portland General Electric from $43.00 to $47.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 21st. Finally, Mizuho set a $47.00 price objective on Portland General Electric in a research report on Monday, November 3rd.

Portland General Electric Price Performance

Shares of NYSE POR opened at $47.59 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.08 and a quick ratio of 0.95. The business has a 50-day moving average of $48.20 and a 200-day moving average of $44.16. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 4.35 and a beta of 0.67. Portland General Electric has a fifty-two week low of $39.54 and a fifty-two week high of $51.14.

Portland General Electric (NYSE:POR) last issued its quarterly earnings results on Thursday, October 30th. The utilities provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.98 by $0.02. The firm had revenue of $952.00 million during the quarter, compared to analysts’ expectations of $975.64 million. Portland General Electric had a return on equity of 8.32% and a net margin of 8.63%.The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 earnings per share. As a group, sell-side analysts predict that Portland General Electric will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 22nd will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $2.10 annualized dividend and a yield of 4.4%. Portland General Electric’s dividend payout ratio (DPR) is currently 76.36%.

Hedge Funds Weigh In On Portland General Electric

Several large investors have recently modified their holdings of the stock. Keel Point LLC acquired a new stake in shares of Portland General Electric during the 3rd quarter worth about $207,000. Allworth Financial LP lifted its position in Portland General Electric by 55.8% during the third quarter. Allworth Financial LP now owns 2,092 shares of the utilities provider’s stock worth $92,000 after acquiring an additional 749 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Portland General Electric by 61.7% during the third quarter. IFP Advisors Inc now owns 1,080 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 412 shares during the period. Swiss Life Asset Management Ltd acquired a new position in shares of Portland General Electric in the third quarter valued at approximately $218,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Portland General Electric by 202.7% during the third quarter. CIBC Private Wealth Group LLC now owns 1,816 shares of the utilities provider’s stock worth $80,000 after purchasing an additional 1,216 shares during the period.

Portland General Electric Company Profile

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.