Portland General Electric (NYSE:POR) Given New $42.00 Price Target at Jefferies Financial Group

Portland General Electric (NYSE:POR) had its price target decreased by research analysts at Jefferies Financial Group from $47.00 to $42.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the utilities provider’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 1.70% from the company’s previous close.

A number of other research firms have also weighed in on POR. KeyCorp lowered their price target on shares of Portland General Electric from $52.00 to $51.00 and set an “overweight” rating for the company in a report on Wednesday, December 4th. JPMorgan Chase & Co. raised their target price on Portland General Electric from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. UBS Group reiterated a “neutral” rating and issued a $47.00 price target (down previously from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. Barclays lowered their price objective on Portland General Electric from $48.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Bank of America cut their target price on Portland General Electric from $46.00 to $43.00 and set an “underperform” rating on the stock in a research report on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Portland General Electric currently has a consensus rating of “Hold” and a consensus target price of $47.38.

Portland General Electric Stock Down 1.0 %

NYSE POR opened at $41.30 on Tuesday. The stock has a market cap of $4.36 billion, a PE ratio of 12.33, a P/E/G ratio of 1.05 and a beta of 0.60. The business has a 50 day moving average price of $44.02 and a two-hundred day moving average price of $46.19. Portland General Electric has a fifty-two week low of $39.13 and a fifty-two week high of $49.85. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.28.

Institutional Investors Weigh In On Portland General Electric

A number of institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in Portland General Electric during the third quarter worth $25,000. Allworth Financial LP raised its holdings in shares of Portland General Electric by 74.4% during the third quarter. Allworth Financial LP now owns 621 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 265 shares during the period. Newbridge Financial Services Group Inc. bought a new position in shares of Portland General Electric in the 4th quarter worth about $29,000. Versant Capital Management Inc boosted its holdings in shares of Portland General Electric by 151.0% in the 4th quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider’s stock valued at $33,000 after buying an additional 450 shares during the period. Finally, USA Financial Formulas acquired a new position in shares of Portland General Electric in the 4th quarter valued at about $71,000.

About Portland General Electric

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, three wind farms, and seven hydroelectric facilities. As of December 31, 2023, the company owned an electric transmission system consisting of 1,254 circuit miles, including 287 circuit miles of 500 kilovolt line, 413 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line; and served 934 thousand retail customers in 51 cities.