Shares of Portland General Electric (NYSE:POR) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $47.67.
Separately, Zacks Investment Research raised Portland General Electric from a “sell” rating to a “hold” rating in a research note on Wednesday.
POR stock traded up $0.46 on Wednesday, reaching $56.50. The company’s stock had a trading volume of 582,000 shares, compared to its average volume of 548,240. Portland General Electric has a 52 week low of $43.73 and a 52 week high of $56.64. The company has a market capitalization of $5.03 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 4.85 and a beta of 0.21. The firm has a fifty day moving average of $55.19 and a two-hundred day moving average of $52.79. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.00 and a quick ratio of 0.77.
Portland General Electric (NYSE:POR) last issued its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.23). Portland General Electric had a return on equity of 7.93% and a net margin of 9.61%. The business had revenue of $460.00 million during the quarter, compared to the consensus estimate of $466.66 million. During the same period last year, the company earned $0.51 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities analysts expect that Portland General Electric will post 2.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, September 25th will be paid a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Tuesday, September 24th. Portland General Electric’s payout ratio is currently 64.98%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC bought a new position in Portland General Electric during the 2nd quarter valued at $27,000. GWM Advisors LLC bought a new position in Portland General Electric during the 1st quarter valued at $37,000. Assetmark Inc. bought a new position in Portland General Electric during the 2nd quarter valued at $42,000. IMA Wealth Inc. bought a new position in Portland General Electric during the 2nd quarter valued at $43,000. Finally, Manchester Capital Management LLC bought a new position in Portland General Electric during the 1st quarter valued at $54,000. 93.73% of the stock is owned by hedge funds and other institutional investors.
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. The company operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2018, it owned an electric transmission system consisting of 1,256 circuit miles, including 287 circuit miles of 500 kilovolt line, 410 circuit miles of 230 kilovolt line, and 561 miles of 115 kilovolt line.
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