Portland General Electric (NYSE:POR) Receives Consensus Rating of “Hold” from Analysts

Shares of Portland General Electric (NYSE:POR) have received an average rating of “Hold” from the eight brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $47.38.

A number of research analysts have recently weighed in on POR shares. UBS Group restated a “neutral” rating and set a $47.00 price objective (down previously from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. Barclays reduced their price objective on shares of Portland General Electric from $48.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday. JPMorgan Chase & Co. raised their target price on Portland General Electric from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Bank of America reduced their price objective on shares of Portland General Electric from $46.00 to $43.00 and set an “underperform” rating for the company in a research report on Tuesday, December 24th. Finally, Jefferies Financial Group decreased their price target on shares of Portland General Electric from $47.00 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday.

Portland General Electric Stock Performance

Shares of POR opened at $41.30 on Thursday. The business’s fifty day simple moving average is $44.02 and its two-hundred day simple moving average is $46.19. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.28. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 1.05 and a beta of 0.60. Portland General Electric has a 12 month low of $39.13 and a 12 month high of $49.85.

Institutional Investors Weigh In On Portland General Electric

A number of institutional investors have recently modified their holdings of the business. Allworth Financial LP increased its position in 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 purchasing an additional 265 shares during the last quarter. First Pacific Financial lifted its holdings in shares of Portland General Electric by 2.9% during the 3rd quarter. First Pacific Financial now owns 12,331 shares of the utilities provider’s stock worth $591,000 after acquiring an additional 347 shares during the period. Choreo LLC grew its position in Portland General Electric by 1.4% during the 4th quarter. Choreo LLC now owns 26,511 shares of the utilities provider’s stock worth $1,166,000 after acquiring an additional 371 shares during the last quarter. Versant Capital Management Inc lifted its position in Portland General Electric by 151.0% during the 4th quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider’s stock worth $33,000 after buying an additional 450 shares in the last quarter. Finally, Townsquare Capital LLC grew its stake in shares of Portland General Electric by 6.4% during the third quarter. Townsquare Capital LLC now owns 7,607 shares of the utilities provider’s stock valued at $364,000 after purchasing an additional 458 shares during the last quarter.

About Portland General Electric

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.