Portland General Electric Company (POR) Receives $44.50 Average PT from Brokerages

Portland General Electric logoPortland General Electric Company (NYSE:POR) has been badigned a mean advice of “Hold” from the 9 badysts which are at present overlaying the inventory, MarketBeat reviews. Three funding badysts have rated the inventory with a promote advice, 5 have badigned a maintain advice and one has issued a purchase advice on the corporate. The common twelve-month worth goal amongst brokerages which have lined the inventory within the final 12 months is $44.50.

Plenty of brokerages have not too long ago commented on POR. J P Morgan Chase & Co lifted their worth goal on shares of Portland General Electric from $47.00 to $48.00 and gave the inventory a “neutral” score in a badysis word on Monday, October 30th. KeyCorp reiterated a “hold” score on shares of Portland General Electric in a badysis word on Friday, September 1st. BidaskClub upgraded shares of Portland General Electric from a “hold” score to a “buy” score in a badysis word on Wednesday, August 23rd. Williams Capital lowered shares of Portland General Electric from a “hold” score to a “sell” score and decreased their worth goal for the inventory from $44.00 to $41.00 in a badysis word on Monday, July 24th. Finally, Zacks Investment Research upgraded shares of Portland General Electric from a “sell” score to a “hold” score in a badysis word on Thursday, September 21st.

Portland General Electric (NYSE POR) traded down $zero.04 throughout buying and selling hours on Thursday, reaching $47.76. 1,082,zero41 shares of the corporate’s inventory have been exchanged, in comparison with its common quantity of 1,215,422. The firm has a market cap of $four,255.03, a price-to-earnings ratio of 20.77, a P/E/G ratio of 5.57 and a beta of zero.29. The firm has a debt-to-equity ratio of zero.95, a fast ratio of zero.64 and a present ratio of zero.95. Portland General Electric has a 1-year low of $40.71 and a 1-year excessive of $48.22.

Portland General Electric (NYSE:POR) final launched its quarterly earnings knowledge on Friday, October 27th. The utilities supplier reported $zero.44 earnings per share for the quarter, beating badysts’ consensus estimates of $zero.38 by $zero.06. The enterprise had income of $515.00 million throughout the quarter, in comparison with badyst estimates of $497.85 million. Portland General Electric had a web margin of 10.21% and a return on fairness of eight.65%. Portland General Electric’s income was up 6.four% in comparison with the identical quarter final 12 months. During the identical interval final 12 months, the enterprise earned $zero.38 EPS. sell-side badysts anticipate that Portland General Electric will put up 2.26 EPS for the present fiscal 12 months.

The firm additionally not too long ago declared a quarterly dividend, which might be paid on Tuesday, January 16th. Shareholders of document on Tuesday, December 26th might be issued a dividend of $zero.34 per share. This represents a $1.36 annualized dividend and a yield of two.85%. The ex-dividend date is Friday, December 22nd. Portland General Electric’s dividend payout ratio is at present 59.13%.

Large buyers have not too long ago modified their holdings of the enterprise. JPMorgan Chase & Co. lifted its holdings in Portland General Electric by zero.9% throughout the second quarter. JPMorgan Chase & Co. now owns four,705,994 shares of the utilities supplier’s inventory valued at $215,017,000 after buying a further 43,692 shares within the final quarter. Legal & General Group Plc lifted its holdings in Portland General Electric by 5.zero% throughout the second quarter. Legal & General Group Plc now owns 317,870 shares of the utilities supplier’s inventory valued at $14,527,000 after buying a further 15,254 shares within the final quarter. Jackson Wealth Management LLC lifted its holdings in Portland General Electric by 9.6% throughout the second quarter. Jackson Wealth Management LLC now owns 45,503 shares of the utilities supplier’s inventory valued at $2,053,000 after buying a further three,972 shares within the final quarter. State of Alaska Department of Revenue lifted its holdings in Portland General Electric by 6.7% throughout the second quarter. State of Alaska Department of Revenue now owns 9,806 shares of the utilities supplier’s inventory valued at $448,000 after buying a further 614 shares within the final quarter. Finally, Magellan Asset Management Ltd lifted its holdings in Portland General Electric by 7.2% throughout the second quarter. Magellan Asset Management Ltd now owns 60,626 shares of the utilities supplier’s inventory valued at $2,770,000 after buying a further four,072 shares within the final quarter. 93.45% of the inventory is at present owned by institutional buyers and hedge funds.

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About Portland General Electric

Portland General Electric Company is an electrical utility that’s engaged within the wholesale buy, transmission, distribution and retail sale of electrical energy within the State of Oregon. Its service space allocation of roughly four,000 sq. miles is situated solely inside Oregon and consists of roughly 51 included cities, of which Portland and Salem.

Analyst Recommendations for Portland General Electric (NYSE:POR)




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