Portland General Electric (NYSE:POR) Upgraded to Hold at Zacks Research

Portland General Electric (NYSE:POR) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on POR. Weiss Ratings raised Portland General Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. BMO Capital Markets set a $52.00 target price on Portland General Electric in a research note on Tuesday. JPMorgan Chase & Co. lifted their price target on Portland General Electric from $51.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Finally, Wells Fargo & Company set a $51.00 price objective on Portland General Electric in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $50.70.

Portland General Electric Trading Down 1.6%

Shares of POR opened at $49.25 on Tuesday. Portland General Electric has a fifty-two week low of $41.64 and a fifty-two week high of $54.62. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 2.15 and a beta of 0.52. The firm has a 50 day moving average price of $51.16 and a 200-day moving average price of $51.36. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 0.98.

Portland General Electric (NYSE:POR) last released its earnings results on Friday, July 31st. The utilities provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). The business had revenue of $814.00 million for the quarter, compared to the consensus estimate of $839.75 million. Portland General Electric had a net margin of 7.27% and a return on equity of 7.47%. Portland General Electric’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. As a group, equities research analysts forecast that Portland General Electric will post 3.4 earnings per share for the current year.

Insider Activity

In other Portland General Electric news, Director Robert N. Hoglund bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average cost of $48.80 per share, with a total value of $97,600.00. Following the completion of the purchase, the director directly owned 2,519 shares of the company’s stock, valued at $122,927.20. This trade represents a 385.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael A. Lewis sold 1,537 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $51.83, for a total value of $79,662.71. Following the transaction, the director owned 15,045 shares in the company, valued at approximately $779,782.35. This represents a 9.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Portland General Electric

Several institutional investors and hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new position in shares of Portland General Electric during the fourth quarter valued at approximately $25,000. Private Trust Co. NA lifted its stake in Portland General Electric by 76.4% in the fourth quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 239 shares during the period. Johnson Financial Group Inc. purchased a new stake in Portland General Electric in the third quarter worth $27,000. Rothschild Investment LLC boosted its holdings in Portland General Electric by 112.9% in the fourth quarter. Rothschild Investment LLC now owns 611 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 324 shares in the last quarter. Finally, SHP Wealth Management bought a new stake in Portland General Electric in the fourth quarter valued at $34,000.

Portland General Electric Company Profile

Portland General Electric (NYSE:POR) is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.

As one of Oregon’s largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.