Portland General Electric Company (NYSE:POR) has earned an average rating of “Buy” from the twelve ratings firms that are presently covering the company, American Banking News reports. Five investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $33.37.
Portland General Electric Company (NYSE:POR) opened at 32.83 on Thursday. Portland General Electric Company has a 52 week low of $27.57 and a 52 week high of $33.84. The stock’s 50-day moving average is $32.70 and its 200-day moving average is $30.97. The company has a market cap of $2.567 billion and a P/E ratio of 22.50.
Portland General Electric Company (NYSE:POR) last released its earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $0.02. The company had revenue of $493.00 million for the quarter, compared to the consensus estimate of $473.00 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts expect that Portland General Electric Company will post $2.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Wednesday, June 25th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Monday, June 23rd. This is a positive change from Portland General Electric Company’s previous quarterly dividend of $0.28.
A number of analysts have recently weighed in on POR shares. Analysts at Barclays raised their price target on shares of Portland General Electric Company from $34.00 to $36.00 in a research note on Wednesday, April 30th. They now have an “overweight” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Portland General Electric Company in a research note on Wednesday, April 23rd. They now have a $34.50 price target on the stock. Finally, analysts at Zacks downgraded shares of Portland General Electric Company from an “outperform” rating to a “neutral” rating in a research note on Friday, March 21st. They now have a $35.30 price target on the stock.
In other Portland General Electric Company news, VP Maria Pope sold 8,367 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $32.80, for a total transaction of $274,437.60. Following the sale, the vice president now directly owns 18,882 shares in the company, valued at approximately $619,330. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Portland General Electric Company (NYSE:POR) is a vertically integrated electric utility engaged in the generation, purchase, transmission, distribution and retail sale of electricity in the state of Oregon.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.