Portland General Electric Company Receives Average Rating of “Buy” from Analysts (NYSE:POR)
Shares of Portland General Electric Company (NYSE:POR) have been given a consensus recommendation of “Buy” by the ten brokerages that are currently covering the company, American Banking News reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $33.97.
Shares of Portland General Electric Company (NYSE:POR) opened at 31.92 on Friday. Portland General Electric Company has a 52-week low of $27.57 and a 52-week high of $34.74. The stock has a 50-day moving average of $33. and a 200-day moving average of $32.29. The company has a market cap of $2.496 billion and a price-to-earnings ratio of 15.02.
Portland General Electric Company (NYSE:POR) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted ($0.29) earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. 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. Stockholders 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, July 31st.
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.