Portland General Electric (NYSE:POR) receives an average price target of $44.86 from analysts

VaselineAugust 11, 2024

0 4 minutes read

Portland General Electric (NYSE:POR – Get Your Free Report ) has been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $44.86.

ROP has been the subject of several recent analyst reports. KeyCorp upgraded shares of Portland General Electric from a “sector weight” rating to an “overweight” rating in a research report on Monday, July 22nd. StockNews.com upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a research report on Wednesday. Mizuho upped their target price on shares of Portland General Electric from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Finally, Barclays boosted their target price on shares of Portland General Electric from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd.

Check out our latest research report on Portland General Electric

Insider buying and selling at Portland General Electric

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In other news, COO Benjamin Felton sold 1,886 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $48.00, for a total value of $90,528.00. Following the transaction, the chief operating officer now owns 30,142 shares of the company’s stock, valued at approximately $1,446,816. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In other news, VP John Teeruk Kochavatr sold 1,100 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $46.25, for a total value of $50,875.00. Following the transaction, the vice president now owns 22,606 shares of the company’s stock, valued at approximately $1,045,527.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Also, COO Benjamin Felton sold 1,886 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $48.00, for a total transaction of $90,528.00. Following the completion of the transaction, the chief operating officer now directly owns 30,142 shares in the company, valued at approximately $1,446,816. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,949 shares of company stock worth $184,767. 0.54% of shares are currently held by corporate insiders.

Institutional inputs and outputs

Several hedge funds have recently modified their holdings of ROP. Johnson Financial Group Inc. bought a new position in shares of Portland General Electric in the 4th quarter valued at approximately $25,000. Massmutual Trust Co. FSB ADV boosted its stake in Portland General Electric by 767.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 581 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 514 shares in the last quarter. LRI Investments LLC purchased a new stake in Portland General Electric in the 1st quarter worth approximately $26,000. Fifth Third Bancorp raised its holdings in Portland General Electric by 181.8% during the 4th quarter. Fifth Third Bancorp now owns 634 shares of the utilities provider’s stock worth $27,000 after buying an additional 409 shares during the period respective. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Portland General Electric during the second quarter valued at approximately $33,000.

Trading in Portland General Electric fell 0.4%

Shares of POR stock opened at $46.37 on Thursday. Portland General Electric has a 52-week low of $38.01 and a 52-week high of $48.62. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 17.77 and a beta of 0.58. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86, and a current ratio of 1.00. The firm has a fifty day moving average of $44.54 and a 200 day moving average of $42.83.

Portland General Electric (NYSE:POR – Get Your Free Report ) last announced its quarterly earnings data on Friday, July 26th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. Portland General Electric had a net margin of 9.24% and a return on equity of 9.15%. The company had revenue of $758.00 million during the quarter, compared to analysts’ expectations of $716.43 million. In the same quarter last year, the company posted EPS of $0.44. The company’s revenue increased by 17.0% year-over-year. On average, equities research analysts forecast that Portland General Electric will post 3.09 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 24th will be given a $0.50 dividend. This represents an annualized dividend of $2.00 and a yield of 4.31%. The ex-dividend date is Tuesday, September 24. Portland General Electric’s payout ratio is currently 76.63%.

About Portland General Electric

(Get a free report

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution and retail sale of electric power in the state of Oregon. It operates six thermal power 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.