Shares of Portland General Electric Company (NYSE:POR) have been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $44.50.

Several equities research analysts recently weighed in on POR shares. Zacks Investment Research raised shares of Portland General Electric from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. J P Morgan Chase & Co upped their target price on shares of Portland General Electric from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. BidaskClub raised shares of Portland General Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Williams Capital downgraded shares of Portland General Electric from a “hold” rating to a “sell” rating and cut their target price for the stock from $44.00 to $41.00 in a research note on Monday, July 24th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Portland General Electric in a research note on Friday, September 1st.

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of Portland General Electric by 0.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,705,994 shares of the utilities provider’s stock valued at $215,017,000 after purchasing an additional 43,692 shares during the last quarter. Legal & General Group Plc grew its position in shares of Portland General Electric by 5.0% in the 2nd quarter. Legal & General Group Plc now owns 317,870 shares of the utilities provider’s stock valued at $14,527,000 after buying an additional 15,254 shares during the last quarter. Jackson Wealth Management LLC grew its position in shares of Portland General Electric by 9.6% in the 2nd quarter. Jackson Wealth Management LLC now owns 45,503 shares of the utilities provider’s stock valued at $2,053,000 after buying an additional 3,972 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Portland General Electric by 6.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 9,806 shares of the utilities provider’s stock valued at $448,000 after buying an additional 614 shares during the last quarter. Finally, Magellan Asset Management Ltd grew its position in shares of Portland General Electric by 7.2% in the 2nd quarter. Magellan Asset Management Ltd now owns 60,626 shares of the utilities provider’s stock valued at $2,770,000 after buying an additional 4,072 shares during the last quarter. 93.45% of the stock is currently owned by institutional investors.

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Portland General Electric (NYSE:POR) last issued its quarterly earnings data on Friday, October 27th. The utilities provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.38 by $0.06. Portland General Electric had a net margin of 10.21% and a return on equity of 8.65%. The firm had revenue of $515.00 million for the quarter, compared to analyst estimates of $497.85 million. During the same period in the prior year, the business posted $0.38 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, December 26th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Friday, December 22nd. Portland General Electric’s dividend payout ratio is presently 59.13%.

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.

Analyst Recommendations for Portland General Electric (NYSE:POR)

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