Portland General Electric (NYSE:POR)’s share price rose 9.1% during trading on Tuesday . The company traded as high as $43.43 and last traded at $43.32, approximately 939,151 shares changed hands during mid-day trading. An increase of 20% from the average daily volume of 779,785 shares. The stock had previously closed at $39.72.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research cut Portland General Electric from a “hold” rating to a “sell” rating in a report on Friday, March 13th. Guggenheim cut shares of Portland General Electric from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 7th. KeyCorp began coverage on shares of Portland General Electric in a research report on Monday, January 27th. They set a “sector weight” rating for the company. Sidoti raised their price target on shares of Portland General Electric from $57.00 to $61.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Finally, UBS Group raised shares of Portland General Electric from a “sell” rating to a “neutral” rating and decreased their price target for the company from $58.00 to $52.00 in a research report on Monday, March 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Portland General Electric has an average rating of “Hold” and an average target price of $58.80.

The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.78 and a current ratio of 0.96. The company has a market cap of $3.55 billion, a PE ratio of 18.27, a PEG ratio of 3.17 and a beta of 0.31. The company’s 50-day simple moving average is $56.13 and its 200 day simple moving average is $56.38.

Portland General Electric (NYSE:POR) last issued its quarterly earnings data on Friday, February 14th. The utilities provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. The firm had revenue of $548.00 million for the quarter, compared to analyst estimates of $537.30 million. Portland General Electric had a net margin of 10.08% and a return on equity of 8.36%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 earnings per share. Analysts forecast that Portland General Electric will post 2.58 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, March 25th will be issued a $0.385 dividend. The ex-dividend date is Tuesday, March 24th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 3.53%. Portland General Electric’s dividend payout ratio is 64.44%.

In related news, VP Bradley Young Jenkins sold 550 shares of Portland General Electric stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $62.27, for a total value of $34,248.50. Following the completion of the transaction, the vice president now directly owns 7,710 shares of the company’s stock, valued at $480,101.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.43% of the company’s stock.

A number of large investors have recently made changes to their positions in POR. Renaissance Technologies LLC grew its position in shares of Portland General Electric by 7.2% in the 4th quarter. Renaissance Technologies LLC now owns 2,792,328 shares of the utilities provider’s stock valued at $155,784,000 after purchasing an additional 187,900 shares during the period. State Street Corp raised its position in shares of Portland General Electric by 13.4% in the fourth quarter. State Street Corp now owns 2,250,271 shares of the utilities provider’s stock valued at $126,412,000 after purchasing an additional 265,055 shares during the period. Geode Capital Management LLC raised its position in shares of Portland General Electric by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 1,804,356 shares of the utilities provider’s stock valued at $100,665,000 after purchasing an additional 38,904 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Portland General Electric by 26.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,665,808 shares of the utilities provider’s stock valued at $92,935,000 after purchasing an additional 349,284 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Portland General Electric by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,383,244 shares of the utilities provider’s stock valued at $77,172,000 after purchasing an additional 15,044 shares during the period. 95.50% of the stock is owned by hedge funds and other institutional investors.

Portland General Electric Company Profile (NYSE:POR)

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, 2018, it owned an electric transmission system consisting of 1,256 circuit miles, including 287 circuit miles of 500 kilovolt line, 410 circuit miles of 230 kilovolt line, and 561 miles of 115 kilovolt line.

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