Portland General Electric (POR) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Portland General Electric in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" POR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in POR, but not buy additional shares or sell existing shares.
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7 brokers have issued twelve-month target prices for Portland General Electric's shares. Their POR share price forecasts range from $45.00 to $56.00. On average, they anticipate the company's stock price to reach $50.75 in the next twelve months. This suggests a possible upside of 4.2% from the stock's current price.
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Portland General Electric's stock was trading at $49.00 at the start of the year. Since then, POR shares have decreased by 0.6% and is now trading at $48.69.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our POR earnings forecast.

Portland General Electric (NYSE:POR) released its quarterly earnings data on Friday, April, 28th. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.01. The utilities provider had revenue of $748 million for the quarter, compared to analyst estimates of $622.50 million. Portland General Electric had a net margin of 8.88% and a trailing twelve-month return on equity of 9.06%. The firm's revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 earnings per share.

Portland General Electric announced a quarterly dividend on Friday, April 21st. Stockholders of record on Monday, June 26th will be given a dividend of $0.475 per share on Monday, July 17th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Friday, June 23rd. This is a boost from the stock's previous quarterly dividend of $0.45.
Read our dividend analysis for POR.

ETFs with the largest weight of Portland General Electric (NYSE:POR) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Invesco DWA Utilities Momentum ETF (PUI), Invesco S&P MidCap Low Volatility ETF (XMLV), ProShares Russell 2000 Dividend Growers ETF (SMDV), Virtus Real Asset Income ETF (VRAI), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) and Burney U.S. Factor Rotation ETF (BRNY).

Portland General Electric (NYSE:POR) pays an annual dividend of $1.90 per share and currently has a dividend yield of 3.75%. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 69.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, POR will have a dividend payout ratio of 61.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for POR.

Portland General Electric issued an update on its FY23 earnings guidance on Friday, April, 28th. The company provided EPS guidance of $2.60-2.75 for the period, compared to the consensus earnings per share estimate of $2.66.

40 employees have rated Portland General Electric Chief Executive Officer Maria Pope on Glassdoor.com. Maria Pope has an approval rating of 82% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Portland General Electric investors own include General Electric (GE), AT&T (T), International Business Machines (IBM), Celestica (CLS), Synchrony Financial (SYF), Energy Transfer (ET), Exxon Mobil (XOM), Enterprise Products Partners (EPD), JPMorgan Chase & Co. (JPM) and PepsiCo (PEP).

Portland General Electric trades on the New York Stock Exchange (NYSE) under the ticker symbol "POR."

Portland General Electric's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.09%), Wellington Management Group LLP (4.10%), FMR LLC (3.67%), State Street Corp (3.56%), JPMorgan Chase & Co. (3.27%) and ATLAS Infrastructure Partners UK Ltd. (2.70%). Insiders that own company stock include Bradley Young Jenkins, Brett Michael Sims, Dawn L Farrell, James P Torgerson, John Carter Mcfarland, John Teeruk Kochavatr, Kathryn Jean Jackson, Larry Neal Bekkedahl, M Lee Pelton and William David Robertson.
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Shares of POR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of POR stock can currently be purchased for approximately $48.69.

Portland General Electric (NYSE:POR) has a market capitalization of $4.70 billion and generates $2.77 billion in revenue each year. The utilities provider earns $233 million in net income (profit) each year or $2.73 on an earnings per share basis.

The company employs 2,873 workers across the globe.

Portland General Electric's mailing address is 121 SW SALMON STREET, PORTLAND OR, 97204. The official website for the company is www.portlandgeneral.com. The utilities provider can be reached via phone at (503) 464-8000, via email at investors@pgn.com, or via fax at 503-464-2507.