Portland General Electric Company (NYSE:POR) – Investment analysts at KeyCorp decreased their Q1 2017 earnings estimates for Portland General Electric Company in a report issued on Tuesday. KeyCorp analyst P. Ridzon now expects that the utilities provider will earn $0.84 per share for the quarter, down from their prior estimate of $0.87.

Portland General Electric Company (NYSE:POR) last issued its quarterly earnings results on Friday, February 17th. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. The business earned $524 million during the quarter, compared to analysts’ expectations of $529.73 million. Portland General Electric Company had a return on equity of 7.99% and a net margin of 9.64%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 earnings per share.

ILLEGAL ACTIVITY WARNING: This piece was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/04/20/q1-2017-earnings-forecast-for-portland-general-electric-company-issued-by-keycorp-por.html.

Earnings History and Estimates for Portland General Electric Company (NYSE:POR)

Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Portland General Electric Company from a “sell” rating to a “hold” rating in a report on Saturday, March 11th. Barclays PLC lifted their price objective on shares of Portland General Electric Company from $39.00 to $41.00 and gave the stock a “sell” rating in a report on Friday, January 20th. Finally, Wolfe Research downgraded shares of Portland General Electric Company from a “market perform” rating to an “underperform” rating in a report on Tuesday, February 21st. Four equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Portland General Electric Company currently has an average rating of “Hold” and an average price target of $42.67.

Shares of Portland General Electric Company (NYSE:POR) opened at 45.69 on Thursday. The company has a 50 day moving average price of $44.87 and a 200 day moving average price of $43.28. Portland General Electric Company has a 52 week low of $37.77 and a 52 week high of $46.05. The company has a market capitalization of $4.06 billion, a PE ratio of 21.15 and a beta of 0.31.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Monday, March 27th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Thursday, March 23rd. Portland General Electric Company’s dividend payout ratio is currently 62.44%.

In other news, insider Maria M. Pope sold 10,838 shares of Portland General Electric Company stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $44.07, for a total transaction of $477,630.66. Following the completion of the sale, the insider now directly owns 11,425 shares of the company’s stock, valued at approximately $503,499.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.47% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in shares of Portland General Electric Company by 20.4% in the third quarter. Nisa Investment Advisors LLC now owns 6,500 shares of the utilities provider’s stock worth $277,000 after buying an additional 1,100 shares during the last quarter. Miller Howard Investments Inc. NY boosted its position in shares of Portland General Electric Company by 0.6% in the third quarter. Miller Howard Investments Inc. NY now owns 36,833 shares of the utilities provider’s stock worth $1,569,000 after buying an additional 235 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Portland General Electric Company by 115.2% in the third quarter. State of Alaska Department of Revenue now owns 11,486 shares of the utilities provider’s stock worth $489,000 after buying an additional 6,149 shares during the last quarter. Baker Ellis Asset Management LLC boosted its position in shares of Portland General Electric Company by 0.5% in the third quarter. Baker Ellis Asset Management LLC now owns 21,740 shares of the utilities provider’s stock worth $926,000 after buying an additional 100 shares during the last quarter. Finally, FTB Advisors Inc. boosted its position in shares of Portland General Electric Company by 0.7% in the third quarter. FTB Advisors Inc. now owns 6,178 shares of the utilities provider’s stock worth $262,000 after buying an additional 43 shares during the last quarter. Institutional investors own 94.37% of the company’s stock.

About Portland General Electric Company

Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. Its service area allocation of approximately 4,000 square miles is located entirely within Oregon and includes approximately 51 incorporated cities, of which Portland and Salem.

5 Day Chart for NYSE:POR

Receive News & Ratings for Portland General Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Portland General Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.