Portland General Electric Company Given Consensus Recommendation of “Buy” by Analysts (NYSE:POR)
Portland General Electric Company (NYSE:POR) has received an average rating of “Buy” from the ten ratings firms that are currently covering the company, AnalystRatings.NET reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $33.97.
Portland General Electric Company (NYSE:POR) traded up 0.97% during mid-day trading on Friday, hitting $32.24. 73,569 shares of the company’s stock traded hands. Portland General Electric Company has a 52 week low of $27.57 and a 52 week high of $34.74. The stock’s 50-day moving average is $33.40 and its 200-day moving average is $32.2. The company has a market cap of $2.521 billion and a price-to-earnings ratio of 14.93.
Portland General Electric Company (NYSE:POR) last announced its earnings results on Tuesday, July 29th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.36 by $0.16. The company had revenue of $423.00 million for the quarter, compared to the consensus estimate of $434.86 million. During the same quarter last year, the company posted ($0.29) earnings per share. Portland General Electric Company’s revenue was up 5.0% compared to the same quarter last year. On average, analysts predict that Portland General Electric Company will post $2.14 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Thursday, September 25th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Tuesday, September 23rd.
Separately, analysts at Deutsche Bank raised their price target on shares of Portland General Electric Company from $35.00 to $36.00 in a research note on Thursday.
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.
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