Jefferies Financial Group Lowers Portland General Electric (NYSE:POR) Price Target to $42.00

Portland General Electric (NYSE:POR) had its price target decreased by Jefferies Financial Group from $47.00 to $42.00 in a report issued on Tuesday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the utilities provider’s stock.

Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Portland General Electric from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Barclays dropped their price objective on Portland General Electric from $48.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday. Bank of America reduced their target price on shares of Portland General Electric from $46.00 to $43.00 and set an “underperform” rating for the company in a report on Tuesday, December 24th. KeyCorp lowered their price target on shares of Portland General Electric from $52.00 to $51.00 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. Finally, UBS Group reiterated a “neutral” rating and set a $47.00 price objective (down previously from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $47.38.

Portland General Electric Stock Down 1.4 %

Shares of NYSE POR opened at $41.75 on Tuesday. Portland General Electric has a 52-week low of $39.13 and a 52-week high of $49.85. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 1.05 and a beta of 0.60. The stock has a 50 day moving average price of $44.14 and a 200 day moving average price of $46.22. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.86 and a current ratio of 0.98.

Institutional Trading of Portland General Electric

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of Montreal Can increased its stake in Portland General Electric by 27.1% during the second quarter. Bank of Montreal Can now owns 18,680 shares of the utilities provider’s stock worth $809,000 after purchasing an additional 3,988 shares during the period. Squarepoint Ops LLC grew its holdings in shares of Portland General Electric by 33.8% in the second quarter. Squarepoint Ops LLC now owns 60,325 shares of the utilities provider’s stock valued at $2,608,000 after purchasing an additional 15,241 shares in the last quarter. AXA S.A. increased its stake in Portland General Electric by 85.8% during the 2nd quarter. AXA S.A. now owns 17,753 shares of the utilities provider’s stock worth $768,000 after buying an additional 8,200 shares during the period. AQR Capital Management LLC lifted its holdings in Portland General Electric by 465.4% during the 2nd quarter. AQR Capital Management LLC now owns 88,436 shares of the utilities provider’s stock worth $3,812,000 after buying an additional 72,795 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Portland General Electric by 6.4% in the 2nd quarter. Millennium Management LLC now owns 365,503 shares of the utilities provider’s stock valued at $15,804,000 after buying an additional 22,081 shares during the period.

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.