Portland General Electric (NYSE:POR) had its target price increased by analysts at Wells Fargo & Co from $47.00 to $48.00 in a report released on Monday, Stock Target Advisor reports. The brokerage currently has a “market perform” rating on the utilities provider’s stock. Wells Fargo & Co’s price objective would suggest a potential upside of 2.06% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. Williams Capital upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating and lifted their target price for the company from $41.00 to $44.00 in a research report on Monday, July 30th. Mizuho reiterated a “buy” rating and set a $45.50 target price on shares of Portland General Electric in a research report on Friday, July 20th. UBS Group lifted their target price on shares of Portland General Electric from $40.00 to $42.00 and gave the company a “$45.10” rating in a research report on Thursday, July 19th. Zacks Investment Research upgraded shares of Portland General Electric from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Tuesday, July 17th. Finally, Barclays began coverage on shares of Portland General Electric in a research report on Tuesday, July 10th. They set an “underweight” rating and a $42.00 target price for the company. Two 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. The company has a consensus rating of “Hold” and a consensus target price of $43.50.

POR stock opened at $47.03 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.73 and a quick ratio of 0.60. Portland General Electric has a 12 month low of $39.02 and a 12 month high of $50.11. The company has a market capitalization of $4.18 billion, a PE ratio of 20.54, a PEG ratio of 6.39 and a beta of 0.16.

Portland General Electric (NYSE:POR) last released its quarterly earnings data on Friday, July 27th. The utilities provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. Portland General Electric had a net margin of 9.74% and a return on equity of 8.59%. The company had revenue of $449.00 million during the quarter, compared to analyst estimates of $460.72 million. During the same period last year, the business earned $0.36 earnings per share. Portland General Electric’s revenue was up .0% compared to the same quarter last year. equities research analysts predict that Portland General Electric will post 2.34 EPS for the current year.

In other Portland General Electric news, VP William David Robertson sold 4,380 shares of Portland General Electric stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $45.78, for a total transaction of $200,516.40. Following the completion of the sale, the vice president now directly owns 16,024 shares in the company, valued at $733,578.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.62% of the company’s stock.

Several hedge funds have recently bought and sold shares of POR. Commonwealth Bank of Australia raised its stake in shares of Portland General Electric by 90,284.4% during the second quarter. Commonwealth Bank of Australia now owns 1,457,900 shares of the utilities provider’s stock worth $60,477,000 after acquiring an additional 1,456,287 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Portland General Electric by 27.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 987,453 shares of the utilities provider’s stock worth $40,002,000 after acquiring an additional 212,600 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Portland General Electric by 1,882.7% during the first quarter. Prudential Financial Inc. now owns 197,459 shares of the utilities provider’s stock worth $7,999,000 after acquiring an additional 187,500 shares in the last quarter. FMR LLC raised its stake in shares of Portland General Electric by 8.5% during the second quarter. FMR LLC now owns 2,242,895 shares of the utilities provider’s stock worth $95,906,000 after acquiring an additional 175,106 shares in the last quarter. Finally, Personal Capital Advisors Corp raised its stake in shares of Portland General Electric by 92.8% during the second quarter. Personal Capital Advisors Corp now owns 319,031 shares of the utilities provider’s stock worth $13,642,000 after acquiring an additional 153,583 shares in the last quarter. 92.93% 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, 2017, it owned an electric transmission system consisting of 1,250 circuit miles, including 287 circuit miles of 500 kilovolt line, 402 circuit miles of 230 kilovolt line, and 561 miles of 115 kilovolt line.

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