JPMorgan Chase & Co. Issues Positive Forecast for Portland General Electric (NYSE:POR) Stock Price

Portland General Electric (NYSE:POR) had its price objective hoisted by JPMorgan Chase & Co. from $51.00 to $54.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 4.67% from the stock’s current price.

Other research analysts have also issued reports about the company. BTIG Research reissued a “buy” rating and issued a $58.00 price target on shares of Portland General Electric in a research report on Friday, January 30th. Barclays boosted their target price on Portland General Electric from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 17th. Weiss Ratings downgraded Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Loop Capital set a $48.00 target price on Portland General Electric in a research note on Tuesday, December 30th. Finally, Wells Fargo & Company boosted their target price on Portland General Electric from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $50.58.

Portland General Electric Stock Down 1.6%

NYSE POR traded down $0.82 on Monday, reaching $51.59. 401,829 shares of the stock traded hands, compared to its average volume of 1,268,232. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.95 and a current ratio of 1.08. The company has a fifty day moving average price of $52.77 and a 200-day moving average price of $49.68. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 2.97 and a beta of 0.62. Portland General Electric has a 12 month low of $39.54 and a 12 month high of $54.62.

Portland General Electric (NYSE:POR) last issued its earnings results on Tuesday, February 17th. The utilities provider reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.12). The firm had revenue of $889.00 million for the quarter, compared to the consensus estimate of $892.31 million. Portland General Electric had a net margin of 8.56% and a return on equity of 8.52%. During the same period last year, the firm earned $0.36 earnings per share. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. As a group, research analysts forecast that Portland General Electric will post 3.21 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Benjamin Felton sold 4,969 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $53.56, for a total value of $266,139.64. Following the completion of the transaction, the executive vice president owned 41,081 shares of the company’s stock, valued at approximately $2,200,298.36. This represents a 10.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Portland General Electric

A number of large investors have recently bought and sold shares of the business. Natixis Advisors LLC raised its holdings in Portland General Electric by 0.6% in the 4th quarter. Natixis Advisors LLC now owns 35,548 shares of the utilities provider’s stock worth $1,706,000 after purchasing an additional 207 shares during the period. Sigma Planning Corp raised its holdings in Portland General Electric by 3.9% in the 4th quarter. Sigma Planning Corp now owns 5,663 shares of the utilities provider’s stock worth $272,000 after purchasing an additional 210 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Portland General Electric by 18.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,469 shares of the utilities provider’s stock valued at $71,000 after acquiring an additional 226 shares during the last quarter. Fox Hill Wealth Management raised its holdings in shares of Portland General Electric by 0.6% during the fourth quarter. Fox Hill Wealth Management now owns 39,373 shares of the utilities provider’s stock valued at $1,890,000 after acquiring an additional 237 shares during the last quarter. Finally, Private Trust Co. NA raised its holdings in shares of Portland General Electric by 76.4% during the fourth quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 239 shares during the last quarter.

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.