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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Portland General Electric in the last twelve months. There are currently 5 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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8 equities research analysts have issued 12 month price targets for Portland General Electric's shares. Their POR share price forecasts range from $42.00 to $56.00. On average, they predict the company's stock price to reach $48.88 in the next year. This suggests a possible upside of 21.0% from the stock's current price.
View analysts price targets for POR or view top-rated stocks among Wall Street analysts.

Portland General Electric's stock was trading at $49.00 at the start of the year. Since then, POR shares have decreased by 17.6% and is now trading at $40.38.
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The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our POR earnings forecast.

Portland General Electric will be holding an earnings conference call on Friday, October 27th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Portland General Electric (NYSE:POR) announced its earnings results on Friday, July, 28th. The utilities provider reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by $0.05. The utilities provider had revenue of $648 million for the quarter, compared to the consensus estimate of $571.82 million. Portland General Electric had a net margin of 7.82% and a trailing twelve-month return on equity of 8.03%. Portland General Electric's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 EPS.

Portland General Electric announced a quarterly dividend on Friday, July 21st. Investors of record on Monday, September 25th will be paid a dividend of $0.475 per share on Monday, October 16th. This represents a $1.90 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Friday, September 22nd.
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), Invesco Dorsey Wright Utilities Momentum ETF (PUI), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), KFA Value Line Dynamic Core Equity Index ETF (KVLE), Burney U.S. Factor Rotation ETF (BRNY), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), Principal U.S. Small-Cap Multi-Factor ETF (PSC) and Vanguard Russell 2000 Value ETF (VTWV).

Portland General Electric (NYSE:POR) pays an annual dividend of $1.90 per share and currently has a dividend yield of 4.60%. POR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 79.17%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, POR will have a dividend payout ratio of 61.49% 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, July, 28th. The company provided EPS guidance of $2.60-2.75 for the period, compared to the consensus EPS estimate of $2.69.

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."

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 $40.38.

Portland General Electric (NYSE:POR) has a market capitalization of $4.08 billion and generates $2.65 billion in revenue each year. The utilities provider earns $233 million in net income (profit) each year or $2.40 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.