Portland General Electric Company Upgraded to Buy by Bank of America (POR)
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. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Portland General Electric Company has an average rating of “Buy” and a consensus price target of $34.38.
Shares of Portland General Electric Company (NYSE:POR) traded down 0.03% on Monday, hitting $33.75. The stock had a trading volume of 82,241 shares. 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 $32.97 and a 200-day moving average of $32.4. The company has a market cap of $2.639 billion and a P/E ratio of 15.78.
Portland General Electric Company (NYSE:POR) last announced its earnings results on Tuesday, July 29th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.07. 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. 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 3.32%. The ex-dividend date is Tuesday, September 23rd.
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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