Shares of Portland General Electric Company (NYSE:POR) have been assigned an average rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $44.50.

Several research firms recently commented on POR. BidaskClub raised shares of Portland General Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. 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 increased their target price on shares of Portland General Electric from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Bank of America Corporation began coverage on shares of Portland General Electric in a research note on Tuesday, October 24th. They set a “neutral” rating and a $45.00 target price for the company. Finally, KeyCorp reissued a “hold” rating on shares of Portland General Electric in a research note on Friday, September 1st.

Several hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its holdings in shares of Portland General Electric by 7.6% during the third quarter. California Public Employees Retirement System now owns 181,813 shares of the utilities provider’s stock valued at $8,298,000 after acquiring an additional 12,913 shares during the period. Kalos Management Inc. acquired a new stake in shares of Portland General Electric during the third quarter valued at approximately $381,000. Jane Street Group LLC acquired a new stake in shares of Portland General Electric during the third quarter valued at approximately $201,000. Vident Investment Advisory LLC raised its holdings in shares of Portland General Electric by 13.9% during the third quarter. Vident Investment Advisory LLC now owns 61,803 shares of the utilities provider’s stock valued at $2,821,000 after acquiring an additional 7,562 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Portland General Electric during the third quarter valued at approximately $228,000. Institutional investors and hedge funds own 90.86% of the company’s stock.

Portland General Electric (NYSE POR) traded up $0.01 during mid-day trading on Monday, reaching $48.48. 187,400 shares of the company traded hands, compared to its average volume of 588,330. Portland General Electric has a fifty-two week low of $40.71 and a fifty-two week high of $50.11. The firm has a market capitalization of $4,319.18, a price-to-earnings ratio of 21.08, a PEG ratio of 5.65 and a beta of 0.29. The company has a current ratio of 0.95, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95.

Portland General Electric (NYSE:POR) last released its earnings results on Friday, October 27th. The utilities provider reported $0.44 EPS for the quarter, beating 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 business had revenue of $515.00 million during the quarter, compared to analyst estimates of $497.85 million. During the same period in the prior year, the business earned $0.38 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis. equities analysts forecast that Portland General Electric will post 2.26 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, December 26th will be issued a dividend of $0.34 per share. The ex-dividend date is Friday, December 22nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.81%. Portland General Electric’s dividend payout ratio is currently 59.13%.

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About Portland General Electric

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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