Portland General Electric Company Given Consensus Recommendation of “Buy” by Brokerages (NYSE:POR)

Share on StockTwits

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.

Latest News

Forecast Lowered by Target on Slumping Sales
Forecast Lowered by Target on Slumping Sales
Pokemon Rumor Helps Nintendo Rise
Pokemon Rumor Helps Nintendo Rise
Barcadi Offering Pricey New Rum Collection
Barcadi Offering Pricey New Rum Collection
Sony Announces PS4 Sales of 10 Million
Sony Announces PS4 Sales of 10 Million
Rory McIlroy is the PGA Champion
Rory McIlroy is the PGA Champion
Pfizer Sued Due to Worry Lipitor Could Cause Diabetes
Pfizer Sued Due to Worry Lipitor Could Cause Diabetes


Leave a Reply

 
© 2006-2014 The Legacy. Subscribe