Credit Suisse Reiterates “Outperform” Rating for Portland General Electric Company (POR)
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 price-to-earnings ratio of 15.78.
Portland General Electric Company (NYSE:POR) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.07. During the same quarter in the prior year, the company posted ($0.29) earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. Analysts expect that Portland General Electric Company will post $2.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Thursday, September 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 3.32%. The ex-dividend date of this dividend is Tuesday, September 23rd.
POR has been the subject of a number of other recent research reports. Analysts at Bank of America upgraded shares of Portland General Electric Company to a “buy” rating in a research note on Monday. 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 issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $34.38.
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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