Portland General Electric Company (NYSE:POR) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other brokerages have also issued reports on POR. Zacks Investment Research upgraded shares of Portland General Electric Company from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. Barclays PLC reiterated an “underweight” rating and set a $44.00 price target (up from $41.00) on shares of Portland General Electric Company in a research note on Sunday, April 23rd. Four investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $44.20.

Portland General Electric Company (NYSE POR) traded up 0.54% during midday trading on Friday, hitting $44.87. 551,491 shares of the stock traded hands. The company has a market cap of $4.00 billion, a P/E ratio of 19.51 and a beta of 0.30. Portland General Electric Company has a one year low of $40.28 and a one year high of $48.06. The company’s 50 day moving average is $46.69 and its 200-day moving average is $44.88.

Portland General Electric Company (NYSE:POR) last issued its quarterly earnings results on Friday, April 28th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.82. Portland General Electric Company had a net margin of 10.43% and a return on equity of 8.78%. The business had revenue of $530 million for the quarter, compared to analyst estimates of $521.97 million. During the same period in the previous year, the business posted $0.68 earnings per share. The business’s revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts forecast that Portland General Electric Company will post $2.25 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Monday, June 26th will be given a dividend of $0.34 per share. This is a positive change from Portland General Electric Company’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 3.03%. The ex-dividend date is Thursday, June 22nd. Portland General Electric Company’s dividend payout ratio is presently 59.13%.

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In other Portland General Electric Company news, VP Campbell A. Henderson sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $45.01, for a total transaction of $135,030.00. Following the transaction, the vice president now directly owns 20,424 shares in the company, valued at $919,284.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William O. Nicholson sold 6,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $45.10, for a total transaction of $270,600.00. Following the transaction, the insider now owns 16,313 shares in the company, valued at $735,716.30. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.

Several hedge funds have recently made changes to their positions in POR. Foundry Partners LLC increased its stake in shares of Portland General Electric Company by 3.3% in the first quarter. Foundry Partners LLC now owns 256,522 shares of the utilities provider’s stock valued at $11,395,000 after buying an additional 8,168 shares during the period. Becker Capital Management Inc. acquired a new stake in shares of Portland General Electric Company during the fourth quarter valued at about $233,000. ClariVest Asset Management LLC increased its stake in shares of Portland General Electric Company by 23.1% in the first quarter. ClariVest Asset Management LLC now owns 30,900 shares of the utilities provider’s stock valued at $1,372,000 after buying an additional 5,800 shares during the period. Teachers Advisors LLC increased its stake in shares of Portland General Electric Company by 3.1% in the fourth quarter. Teachers Advisors LLC now owns 147,329 shares of the utilities provider’s stock valued at $6,384,000 after buying an additional 4,432 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Portland General Electric Company by 5.2% in the first quarter. JPMorgan Chase & Co. now owns 4,662,302 shares of the utilities provider’s stock valued at $207,099,000 after buying an additional 230,831 shares during the period. 95.10% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Portland General Electric Company (NYSE:POR)

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