Portland General Electric Company (NYSE:POR) Receives $45.40 Consensus Target Price from Analysts

Portland General Electric Company (NYSE:POR) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $45.40.

A number of analysts recently commented on the stock. Barclays lowered their price objective on shares of Portland General Electric from $45.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 22nd. Wall Street Zen upgraded Portland General Electric from a “sell” rating to a “hold” rating in a report on Friday, April 25th. Evercore ISI lowered their target price on Portland General Electric from $51.00 to $48.00 and set an “outperform” rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. lowered their target price on Portland General Electric from $46.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, May 19th. Finally, Wells Fargo & Company lowered their target price on Portland General Electric from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Monday, April 28th.

Portland General Electric Stock Performance

Shares of Portland General Electric stock opened at $43.0510 on Monday. The firm has a fifty day moving average of $41.22 and a two-hundred day moving average of $42.24. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 3.86 and a beta of 0.55. Portland General Electric has a 52 week low of $39.54 and a 52 week high of $49.85. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.84 and a current ratio of 0.97.

Portland General Electric (NYSE:POR) last issued its earnings results on Friday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. The company had revenue of $807.00 million during the quarter, compared to analysts’ expectations of $797.97 million. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. As a group, equities research analysts predict that Portland General Electric will post 3.21 EPS for the current year.

Portland General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, September 25th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Thursday, September 25th. Portland General Electric’s dividend payout ratio is currently 77.49%.

Insider Transactions at Portland General Electric

In related news, Director Michael A. Lewis sold 1,937 shares of the firm’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $40.10, for a total value of $77,673.70. Following the completion of the sale, the director directly owned 13,509 shares in the company, valued at approximately $541,710.90. This trade represents a 12.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $41.35, for a total transaction of $107,634.05. Following the completion of the sale, the chief financial officer owned 27,089 shares of the company’s stock, valued at $1,120,130.15. This trade represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of POR. Wayfinding Financial LLC acquired a new stake in Portland General Electric during the first quarter worth approximately $27,000. True Wealth Design LLC acquired a new stake in Portland General Electric during the fourth quarter worth approximately $27,000. Private Trust Co. NA grew its position in Portland General Electric by 62.6% during the first quarter. Private Trust Co. NA now owns 634 shares of the utilities provider’s stock worth $28,000 after buying an additional 244 shares in the last quarter. Global X Japan Co. Ltd. grew its position in Portland General Electric by 113.1% during the first quarter. Global X Japan Co. Ltd. now owns 650 shares of the utilities provider’s stock worth $29,000 after buying an additional 345 shares in the last quarter. Finally, IFP Advisors Inc grew its position in Portland General Electric by 1,291.7% during the second quarter. IFP Advisors Inc now owns 668 shares of the utilities provider’s stock worth $27,000 after buying an additional 620 shares in 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.