1 week Ago By ABMN Staff
Portland General Electric ( NYSE:POR – Get Free Report ) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday. A number of other analysts have also weighed in on the stock.
Barclays increased their target price on shares of Portland General Electric from $44.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd.
KeyCorp upgraded shares of Portland General Electric from a “sector weight” rating to an “overweight” rating in a report on Monday, July 22nd. Finally, Mizuho increased their target price on shares of Portland General Electric from $42.00 to $45.
00 and gave the stock a “neutral” rating in a report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $44.
86. Check Out Our Latest Report on POR Portland General Electric Stock Down 0.9 % Portland General Electric ( NYSE:POR – Get Free Report ) last posted its quarterly earnings results on Friday, July 26th.
The utilities provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $758.00 million during the quarter, compared to analyst estimates of $716.
43 million. During the same period in the prior year, the business posted $0.44 earnings per share.
The company’s revenue was up 17.0% on a year-over-year basis. As a group, research analysts expect that Portland General Electric will post 3.
09 earnings per share for the current fiscal year. Insider Buying and Selling at Portland General Electric In related news, VP John Teeruk Kochavatr sold 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $46.
25, for a total transaction of $50,875.00. Following the completion of the sale, the vice president now owns 22,606 shares of the company’s stock, valued at $1,045,527.
50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . In related news, COO Benjamin Felton sold 1,886 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief operating officer now owns 30,142 shares of the company’s stock, valued at $1,446,816. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, VP John Teeruk Kochavatr sold 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th.
The stock was sold at an average price of $46.25, for a total transaction of $50,875.00.
Following the completion of the sale, the vice president now owns 22,606 shares in the company, valued at approximately $1,045,527.50. The disclosure for this sale can be found here .
Insiders own 0.54% of the company’s stock. Institutional Investors Weigh In On Portland General Electric Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock.
Fifth Third Bancorp boosted its holdings in Portland General Electric by 39.3% in the first quarter. Fifth Third Bancorp now owns 883 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 249 shares during the last quarter.
New York State Teachers Retirement System boosted its stake in shares of Portland General Electric by 1.3% during the 1st quarter. New York State Teachers Retirement System now owns 24,061 shares of the utilities provider’s stock worth $1,011,000 after acquiring an additional 300 shares during the last quarter.
Van ECK Associates Corp boosted its stake in shares of Portland General Electric by 1.4% during the 4th quarter. Van ECK Associates Corp now owns 22,856 shares of the utilities provider’s stock worth $991,000 after acquiring an additional 321 shares during the last quarter.
Retirement Systems of Alabama boosted its stake in shares of Portland General Electric by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 126,987 shares of the utilities provider’s stock worth $5,333,000 after acquiring an additional 335 shares during the last quarter.
Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Portland General Electric by 20.
1% during the 2nd quarter. Benjamin F. Edwards & Company Inc.
now owns 2,469 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 413 shares during the last quarter. About Portland General Electric ( Get Free Report ) 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. Featured Articles Receive News & Ratings for Portland General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Portland General Electric and related companies with MarketBeat.com's FREE daily email newsletter .
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