1 week Ago By ABMN Staff
Portland General Electric ( NYSE:POR – Get Free Report ) has received an average rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $48.
88. A number of equities research analysts recently weighed in on POR shares. UBS Group reaffirmed a “neutral” rating and set a $47.
00 price target (down from $52.00) on shares of Portland General Electric in a report on Friday. Barclays lowered their target price on Portland General Electric from $49.
00 to $48.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. StockNews.
com raised Portland General Electric from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. Evercore ISI began coverage on Portland General Electric in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $54.
00 target price on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of Portland General Electric from $54.
00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. View Our Latest Stock Analysis on Portland General Electric Portland General Electric Price Performance Portland General Electric ( NYSE:POR – Get Free Report ) last announced its quarterly earnings results on Friday, October 25th.
The utilities provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.
01. Portland General Electric had a net margin of 10.30% and a return on equity of 10.
28%. The firm had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $882.
66 million. During the same period in the prior year, the company earned $0.46 EPS.
The firm’s revenue was up 15.8% on a year-over-year basis. On average, analysts expect that Portland General Electric will post 3.
11 earnings per share for the current year. Portland General Electric Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 24th will be issued a $0.
50 dividend. The ex-dividend date is Tuesday, December 24th. This represents a $2.
00 dividend on an annualized basis and a dividend yield of 4.63%. Portland General Electric’s dividend payout ratio (DPR) is presently 59.
70%. Institutional Inflows and Outflows Hedge funds and other institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in Portland General Electric during the 3rd quarter worth $25,000.
Allworth Financial LP lifted its stake in shares of Portland General Electric by 74.4% in the 3rd quarter. Allworth Financial LP now owns 621 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 265 shares during the period.
Versant Capital Management Inc boosted its holdings in shares of Portland General Electric by 151.0% in the fourth quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 450 shares in the last quarter.
Ashton Thomas Private Wealth LLC bought a new position in shares of Portland General Electric in the second quarter valued at approximately $33,000. Finally, Quest Partners LLC bought a new stake in Portland General Electric during the second quarter worth approximately $40,000. Portland General Electric Company Profile ( 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 Stories 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.
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