The price of Portland General Electric (NYSE: POR) went up from $50.00 to $51.00 due to a study released on Friday by research experts from Mizuho. The report was covered by the publication known as The Fly. A decrease of 4.94% is indicated by the target price Mizuho has set for the company, compared to the most recent closing price that the company has achieved. A growing number of research companies have published papers on POR recently. These articles have been widely discussed. In a research note posted on Monday, July 18, Barclays downgraded the shares of Portland General Electric from an “equal weight” rating to a “neutral weight” rating, and they decreased their price target for the stock from $53.00 to $49.00.
Bank of America shifted its rating on Portland General Electric shares, reducing them from “buy” to “neutral,” and put their price objective at $52.00. This move brought the recommendation down from “buy.” Bloomberg upgraded their recommendation for Portland General Electric stock from “hold” to “buy” in a report published on August 1. The research recommended that investors purchase the company’s stock. The rating had been changed from “hold” before. In a report published on June 2, Goldman Sachs Group increased their price objective for Portland General Electric from $49.00 to $52.00 and upgraded the stock from “neutral” to “buy.” Both of these moves were made about the company’s shares.
That is certainly not the least of the recent triumphs that the organization has achieved. According to the data made available by Bloomberg, most analysts currently advocate purchasing shares of the firm with a “Hold” rating, and the average price goal they have set for the stock is $52.83. An Evaluation of the Stock Performance of Portland General Electric on the NYSE: POR opened for $53.65 per share when trading began on the stock exchange. The debt-to-equity ratio stands at 1.31 to 1, the quick ratio comes in at 0.77 to 1, and the current balance sits at 0.87 to 1. The price of the stock’s simple moving average over the last 50 days is $50.69, and its simple moving average over the past 200 days is $51.04, respectively.
The company’s market value of $4.79 billion may be attributed, in part, to its price-to-earnings ratio of 20.02, its price-to-earnings-growth rate (PEG) of 5.06, and its beta value of 0.51. The low point for Portland General Electric over the last year is $45.02, and the high point for the firm over the past year is $57.03. On Thursday, July 28, the most recent earnings report for Portland General Electric, traded on the NYSE under the POR, was made public. The firm that provides utilities reported earnings of $0.72 per share for the quarter, which is $0.32 better than the average expectation of $0.40 that analysts made for the payments for the period. Return on equity for Portland General Electric came in at 8.87%, while the net margin for the company was 9.73%.
Compared to the prior year’s results for the same quarter, the company’s earnings per share came in at $0.36. Annually, Portland General Electric’s third-quarter sales increased at a rate that was 10.1% greater than the previous year. As a result, equity analysts anticipate that Portland General Electric will generate $2.82 in earnings per share during the current fiscal year. General Electric Company of Portland The purchasing and selling of business shares by company insiders According to reports from various sources about Portland General Electric, Vice President John Teeruk Kochavatr sold 2,000 shares of the company’s stock on August 10.
After the deal’s completion, the vice president has direct ownership of 14,112 company shares, which have a total value of $758,096.64. You will be sent to a legal file submitted to the SEC if you click on the link that we have provided for you, where you will find additional information regarding the sale. At present, business insiders own 0.52% of the total number of shares issued by the company. The following constitutes an analysis of hedge funds: PGE is short for the Portland General Electric Company. In the most recent few months, several hedge funds have altered the percentage of the company’s shares they own by increasing or decreasing it.
During the first three months of the current fiscal year, Vanguard Group Inc. boosted the percentage of Portland General Electric shares it owned by 3.1%. After making new acquisitions totaling 288,965 shares, the business now owns 9,727,335 shares of the utilities provider’s stock, which has a worth of $536,463,000 after considering the company’s most recent price increase. In addition, the Wellington Management Group LLP achieved a 21.8% increase in its shares of Portland General Electric during the first three months of 2018. As a result, Wellington Management Group LLP is now the owner of a total of 6,067,961 shares in the firm, which has a value of $334,647,000 after purchasing an additional 1,087,996 shares in the utility provider during the most recent fiscal quarter.
JPMorgan Chase & Co. achieved a 95.5% gain in the proportion of Portland General Electric stock it owned during the final three months of 2018. Following the acquisition of an additional 2,902,218 shares during the most recent quarter, JPMorgan Chase & Co. now holds 5,941,339 shares of the utilities provider’s stock in its portfolio. The value of the stock as of right now is 314,415,000 dollars. In addition, fuller & Thaler Asset Management Inc. added a further 0.5 percent to its holdings of Portland General Electric over the first three months of the year. Fuller & Thaler Asset Management Inc. now owns 4,457,203 shares of the utilities provider’s stock after making a new purchase of 21,930 shares in the last quarter.
These shares have an expected market value of $245,815,000. Lastly, but certainly not least, during the second quarter, State Street Corporation made a 37.2% increase in the amount of Portland General Electric stock it owned, bringing its total percentage of ownership to 100%. State Street Corp now holds a total of 3,339,567 shares of the utilities provider’s stock following the purchase of an additional 905,308 shares during the recent last quarter. The stock currently has an estimated worth of $162,473,000. At this point, 91.92% of the company’s equity is owned by institutions.
A summary of the Portland General Electric Company’s background and history The generation of electrical power, the bulk purchase of electrical power, the transmission of electrical power, the distribution of electrical power, and the sale of electrical energy are all the responsibilities of the integrated electric utility corporation known as Portland General Electric Business in the state of Oregon in the United States. In addition, it is responsible for managing three wind farms, seven hydroelectric facilities, and six thermal power plants. As of December 31, 2021, the corporation owned an electric transmission system that spanned 1,274 circuit miles. The network had 572 miles of line operating at 115 kilovolts, 415 circuit miles of cable running at 230 kilovolts, and 287 circuit miles of pipe using at 500 kilovolts.