Portland General Electric (NYSE:POR) Stock Rating Upgraded by TheStreet

Portland General Electric (NYSE:POR) was upgraded by research analysts at TheStreet from a “c+” rating to a “b” rating in a research report issued to clients and investors on Friday, TheStreetRatingsTable reports.

Several other research firms have also recently weighed in on POR. KeyCorp upgraded Portland General Electric from a “sector weight” rating to an “overweight” rating and set a $49.00 price objective on the stock in a report on Tuesday, January 12th. Mizuho cut Portland General Electric from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a report on Thursday, November 19th. Finally, Zacks Investment Research cut Portland General Electric from a “buy” rating to a “hold” rating in a report on Tuesday, January 5th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Portland General Electric has a consensus rating of “Hold” and a consensus target price of $44.20.

Shares of POR opened at $42.12 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 1.07. Portland General Electric has a 1 year low of $31.96 and a 1 year high of $62.34. The stock has a market cap of $3.77 billion, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 2.91 and a beta of 0.26. The stock’s 50-day moving average price is $42.27 and its two-hundred day moving average price is $40.46.

Portland General Electric (NYSE:POR) last issued its earnings results on Thursday, February 18th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.15. Portland General Electric had a return on equity of 9.97% and a net margin of 7.67%. The firm had revenue of $556.00 million for the quarter, compared to analysts’ expectations of $553.33 million. During the same quarter last year, the business earned $0.69 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. As a group, equities analysts forecast that Portland General Electric will post 2.67 EPS for the current year.

Large investors have recently bought and sold shares of the business. CI Investments Inc. acquired a new position in shares of Portland General Electric during the 3rd quarter worth approximately $30,000. IFP Advisors Inc increased its position in shares of Portland General Electric by 106.5% during the 3rd quarter. IFP Advisors Inc now owns 956 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 493 shares during the last quarter. Private Ocean LLC acquired a new position in shares of Portland General Electric during the 3rd quarter worth approximately $36,000. Parallel Advisors LLC increased its position in shares of Portland General Electric by 7,592.3% during the 3rd quarter. Parallel Advisors LLC now owns 1,000 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 987 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Portland General Electric by 305.1% during the 4th quarter. Signaturefd LLC now owns 948 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 714 shares during the last quarter. 90.99% of the stock is currently owned by hedge funds and other institutional investors.

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. The company operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2019, it owned an electric transmission system consisting of 1,264 circuit miles, including 287 circuit miles of 500 kilovolt line, 423 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line.

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Analyst Recommendations for Portland General Electric (NYSE:POR)

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