Portland General Electric’s (POR) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

Portland General Electric (NYSE:POR)‘s stock had its “neutral” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a $44.00 price objective on the utilities provider’s stock, down from their previous price objective of $50.00. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 4.41% from the stock’s current price.

Several other analysts also recently weighed in on POR. LADENBURG THALM/SH SH downgraded Portland General Electric from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a research note on Tuesday, February 18th. Evercore ISI increased their price objective on Portland General Electric from $50.00 to $51.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. StockNews.com lowered shares of Portland General Electric from a “hold” rating to a “sell” rating in a research report on Thursday, April 3rd. Barclays increased their price target on shares of Portland General Electric from $42.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Finally, Jefferies Financial Group lowered their price target on Portland General Electric from $47.00 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $45.78.

Portland General Electric Stock Up 1.3 %

POR stock opened at $42.14 on Thursday. Portland General Electric has a 1 year low of $40.05 and a 1 year high of $49.85. The company has a fifty day simple moving average of $43.34 and a 200 day simple moving average of $44.62. The firm has a market cap of $4.61 billion, a PE ratio of 14.00, a PEG ratio of 1.11 and a beta of 0.49. The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22.

Portland General Electric (NYSE:POR) last issued its quarterly earnings data on Friday, February 14th. The utilities provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. The business had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $716.17 million. During the same period in the previous year, the company earned $0.67 earnings per share. Sell-side analysts anticipate that Portland General Electric will post 3.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of Portland General Electric stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $41.32, for a total value of $56,815.00. Following the completion of the transaction, the chief financial officer now owns 31,960 shares in the company, valued at approximately $1,320,587.20. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Portland General Electric

A number of large investors have recently bought and sold shares of the business. True Wealth Design LLC acquired a new position in Portland General Electric in the fourth quarter worth $27,000. Newbridge Financial Services Group Inc. bought a new position in shares of Portland General Electric in the fourth quarter valued at about $29,000. Versant Capital Management Inc lifted its position in Portland General Electric by 151.0% during the 4th quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider’s stock worth $33,000 after buying an additional 450 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in Portland General Electric by 1,538.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 819 shares of the utilities provider’s stock worth $36,000 after buying an additional 769 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Portland General Electric during the 4th quarter worth about $52,000.

Portland General Electric Company Profile

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.