Portland General Electric’s (POR) “Neutral” Rating Reaffirmed at UBS Group

Portland General Electric (NYSE:POR)‘s stock had its “neutral” rating reaffirmed by UBS Group in a report issued on Friday, Marketbeat Ratings reports. They currently have a $47.00 target price on the utilities provider’s stock, down from their previous target price of $52.00. UBS Group’s price objective suggests a potential upside of 8.92% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. StockNews.com upgraded Portland General Electric from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. Barclays decreased their price target 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. KeyCorp cut their price objective on Portland General Electric from $52.00 to $51.00 and set an “overweight” rating for the company in a report on Wednesday, December 4th. Jefferies Financial Group started coverage on shares of Portland General Electric in a research note on Friday, September 20th. They issued a “hold” rating and a $48.00 target price for the company. Finally, Evercore ISI began coverage on shares of Portland General Electric in a research report on Wednesday, September 25th. They set an “outperform” rating and a $54.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Portland General Electric currently has an average rating of “Hold” and an average price target of $48.88.

Portland General Electric Stock Down 0.1 %

POR stock opened at $43.15 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.98 and a quick ratio of 0.86. The stock has a market capitalization of $4.55 billion, a P/E ratio of 12.88, a P/E/G ratio of 1.13 and a beta of 0.59. Portland General Electric has a fifty-two week low of $39.13 and a fifty-two week high of $49.85. The business has a 50-day moving average of $45.91 and a 200-day moving average of $46.31.

Portland General Electric (NYSE:POR) last issued its quarterly earnings results on Friday, October 25th. The utilities provider reported $0.90 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $882.66 million. During the same period last year, the business earned $0.46 EPS. The business’s quarterly revenue was up 15.8% on a year-over-year basis. On average, sell-side analysts anticipate that Portland General Electric will post 3.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Portland General Electric during the third quarter worth approximately $25,000. Allworth Financial LP grew its position in Portland General Electric by 74.4% during the third quarter. Allworth Financial LP now owns 621 shares of the utilities provider’s stock worth $30,000 after buying an additional 265 shares in the last quarter. Versant Capital Management Inc increased its stake 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 acquiring an additional 450 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Portland General Electric in the 2nd quarter valued at $33,000. Finally, Quest Partners LLC bought a new stake in shares of Portland General Electric during the 2nd quarter valued at $40,000.

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.