In yesterday’s Wall Street session, Portland General Electric Company (NYSE:POR) shares traded at $47.66, down -0.10% from the previous session.
As of this writing, 8 analysts cover Portland General Electric Company (NYSE:POR). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $60.00 and a low of $47.00, we find $51.50. Given the previous closing price of $47.71, this indicates a potential upside of 7.94 percent. POR stock price is now -0.97% away from the 50-day moving average and -1.72% away from the 200-day moving average. The market capitalization of the company currently stands at $4.24B.
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There are 6 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $52.00 as their price target over the next twelve months.
With the price target enhanced from $43 to $46, Credit Suisse Upgraded its rating from Underperform to Neutral for Portland General Electric Company (NYSE: POR). On August 01, 2022, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $52, while ‘Mizuho’ rates the stock as ‘Neutral’.
In other news, Kochavatr John Teeruk, Vice President, CIO sold 2,000 shares of the company’s stock on Aug 10. The stock was sold for $107,430 at an average price of $53.72. Upon completion of the transaction, the Vice President, CIO now directly owns 14,112 shares in the company, valued at $0.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 26, Director Farrell Dawn L bought 4,000 shares of the business’s stock. A total of $194,072 was incurred on buying the stock at an average price of $48.52. This leaves the insider owning 9,223 shares of the company worth $0.44 million. Insiders disposed of 18,603 shares of company stock worth roughly $0.89 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in POR stock. A new stake in Portland General Electric Company shares was purchased by ZIMMER PARTNERS, LP during the first quarter worth $269,279,000. ATLAS INFRASTRUCTURE PARTNERS (UK) LTD. invested $31,723,000 in shares of POR during the first quarter. In the first quarter, GHISALLO CAPITAL MANAGEMENT LLC acquired a new stake in Portland General Electric Company valued at approximately $10,724,000. BALYASNY ASSET MANAGEMENT LLC acquired a new stake in POR for approximately $10,021,000. SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC purchased a new stake in POR valued at around $6,002,000 in the second quarter.
Monday morning saw Portland General Electric Company (NYSE: POR) opened at $47.65. During the past 12 months, Portland General Electric Company has had a low of $41.58 and a high of $57.03. As of last week, the company has a debt-to-equity ratio of 1.42, a current ratio of 0.80, and a quick ratio of 0.70. The fifty day moving average price for POR is $48.13 and a two-hundred day moving average price translates $48.49 for the stock.
The latest earnings results from Portland General Electric Company (NYSE: POR) was released for Sep, 2022. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.65, beating analysts’ expectations of $0.62 by 0.03. This compares to $0.73 EPS in the same period last year. The net profit margin was 8.80% and return on equity was 8.50% for POR. For the current quarter, analysts expect POR to generate $592.73M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/17/2023. Investors who held shares on 03/27/2023 were paid a $0.4525 dividend. On an annualized basis, this represents a $1.81 dividend and a 3.80% percent yield. There was an ex-dividend date of 03/24/2023 for this dividend. In terms of dividend payout ratio, POR is presently at 68.50%.
Portland General Electric Company(POR) Company Profile
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, 2021, the company owned an electric transmission system consisting of 1,274 circuit miles, including 287 circuit miles of 500 kilovolt line, 415 circuit miles of 230 kilovolt line, and 572 miles of 115 kilovolt line. It has 28,206 circuit miles of distribution lines. The company also purchases and sells wholesale natural gas in the United States and Canada. It serves approximately 917 thousand residential, commercial, and industrial customers in 51 cities. The company was founded in 1889 and is headquartered in Portland, Oregon.
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