Portland General Electric Company (NYSE:POR) – Investment analysts at Gabelli lowered their FY2018 EPS estimates for Portland General Electric in a research note issued on Thursday. Gabelli analyst T. Winter now forecasts that the utilities provider will earn $2.25 per share for the year, down from their previous forecast of $2.40.

Portland General Electric (NYSE:POR) last announced its earnings results on Friday, July 28th. The utilities provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). The company had revenue of $449.00 million during the quarter, compared to analysts’ expectations of $465.70 million. Portland General Electric had a net margin of 10.06% and a return on equity of 8.48%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 earnings per share.

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Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Portland General Electric from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Williams Capital downgraded Portland General Electric from a “hold” rating to a “sell” rating and dropped their price target for the stock from $44.00 to $41.00 in a research note on Monday, July 24th. BidaskClub upgraded Portland General Electric from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. J P Morgan Chase & Co upped their price target on Portland General Electric from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Finally, KeyCorp restated a “hold” rating on shares of Portland General Electric in a research note on Friday, September 1st. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Portland General Electric presently has an average rating of “Hold” and a consensus target price of $44.60.

Shares of Portland General Electric (NYSE POR) opened at 45.37 on Monday. The stock has a market capitalization of $4.04 billion, a P/E ratio of 20.25 and a beta of 0.28. The company has a 50-day moving average of $46.40 and a 200-day moving average of $46.07. Portland General Electric has a 52 week low of $40.71 and a 52 week high of $48.22.

Several hedge funds and other institutional investors have recently bought and sold shares of POR. BlackRock Inc. boosted its position in shares of Portland General Electric by 9,433.7% during the 1st quarter. BlackRock Inc. now owns 6,083,042 shares of the utilities provider’s stock valued at $270,207,000 after acquiring an additional 6,019,236 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Portland General Electric by 23.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,549,989 shares of the utilities provider’s stock valued at $113,270,000 after acquiring an additional 489,314 shares during the last quarter. APG Asset Management N.V. bought a new position in shares of Portland General Electric during the 3rd quarter valued at approximately $13,286,000. Vanguard Group Inc. boosted its position in shares of Portland General Electric by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 7,764,045 shares of the utilities provider’s stock valued at $344,879,000 after acquiring an additional 256,914 shares during the last quarter. Finally, Heartland Advisors Inc. bought a new position in shares of Portland General Electric during the 2nd quarter valued at approximately $8,779,000. Hedge funds and other institutional investors own 93.16% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, September 25th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, September 22nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.00%. Portland General Electric’s dividend payout ratio is currently 60.71%.

Portland General Electric Company Profile

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.

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

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