Research Analysts Set Expectations for POR FY2025 Earnings

Portland General Electric (NYSE:POR) – Stock analysts at KeyCorp reduced their FY2025 earnings per share estimates for Portland General Electric in a report issued on Tuesday, December 3rd. KeyCorp analyst S. Karp now expects that the utilities provider will earn $3.20 per share for the year, down from their previous estimate of $3.21. KeyCorp has a “Overweight” rating and a $51.00 price objective on the stock. The consensus estimate for Portland General Electric’s current full-year earnings is $3.12 per share.

Several other equities research analysts have also issued reports on the company. Evercore ISI started coverage on Portland General Electric in a research note on Wednesday, September 25th. They set an “outperform” rating and a $54.00 price objective for the company. StockNews.com raised Portland General Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Bank of America started coverage on Portland General Electric in a research note on Thursday, September 12th. They set an “underperform” rating and a $47.00 price objective for the company. Jefferies Financial Group started coverage on Portland General Electric in a research note on Friday, September 20th. They set a “hold” rating and a $48.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Portland General Electric from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $49.13.

Portland General Electric Price Performance

Portland General Electric stock opened at $46.78 on Thursday. Portland General Electric has a one year low of $39.13 and a one year high of $49.85. The business has a fifty day moving average price of $47.37 and a 200-day moving average price of $46.22. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.98 and a quick ratio of 0.86. The firm has a market capitalization of $4.93 billion, a P/E ratio of 13.96, a PEG ratio of 1.20 and a beta of 0.59.

Portland General Electric (NYSE:POR) last posted its quarterly earnings results on Friday, October 25th. The utilities provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Portland General Electric had a return on equity of 10.28% and a net margin of 10.30%. The firm had revenue of $929.00 million during the quarter, compared to analyst estimates of $882.66 million. During the same period last year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was up 15.8% on a year-over-year basis.

Portland General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 24th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 24th. This represents a $2.00 annualized dividend and a dividend yield of 4.28%. Portland General Electric’s dividend payout ratio is currently 59.70%.

Insider Transactions at Portland General Electric

In other news, SVP Maria Angelica Espinosa sold 2,500 shares of Portland General Electric stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $48.30, for a total value of $120,750.00. Following the transaction, the senior vice president now owns 14,263 shares in the company, valued at approximately $688,902.90. The trade was a 14.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.

Institutional Trading of Portland General Electric

Several large investors have recently modified their holdings of POR. Allworth Financial LP boosted its position in Portland General Electric by 74.4% during the 3rd quarter. Allworth Financial LP now owns 621 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 265 shares in the last quarter. First Pacific Financial raised its holdings in Portland General Electric by 2.9% in the 3rd quarter. First Pacific Financial now owns 12,331 shares of the utilities provider’s stock worth $591,000 after acquiring an additional 347 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Portland General Electric by 20.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,469 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 413 shares during the last quarter. Blue Trust Inc. raised its holdings in Portland General Electric by 94.5% in the 2nd quarter. Blue Trust Inc. now owns 928 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 451 shares during the last quarter. Finally, Townsquare Capital LLC raised its stake in Portland General Electric by 6.4% during the 3rd quarter. Townsquare Capital LLC now owns 7,607 shares of the utilities provider’s stock valued at $364,000 after buying an additional 458 shares during the last quarter.

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.