Portland General Electric - POR Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Portland General Electric in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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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6 equities research analysts have issued 1 year price objectives for Portland General Electric's shares. Their POR stock forecasts range from $49.00 to $58.00. On average, they expect the company's share price to reach $52.67 in the next year. This suggests that the stock has a possible downside of 0.1%.
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Portland General Electric's stock was trading at $52.92 at the start of the year. Since then, POR shares have decreased by 0.4% and is now trading at $52.72.
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Portland General Electric saw a decrease in short interest in July. As of July 15th, there was short interest totaling 2,830,000 shares, a decrease of 33.3% from the June 30th total of 4,240,000 shares. Based on an average trading volume of 1,190,000 shares, the short-interest ratio is currently 2.4 days. Approximately 3.2% of the company's shares are sold short.
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Portland General Electric is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
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Portland General Electric (NYSE:POR) issued its quarterly earnings results on Thursday, July, 28th. The utilities provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.40 by $0.32. The utilities provider had revenue of $591 million for the quarter, compared to analysts' expectations of $531.67 million. Portland General Electric had a trailing twelve-month return on equity of 8.87% and a net margin of 9.73%. The company's revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share.

Portland General Electric announced a quarterly dividend on Friday, July 22nd. Shareholders of record on Monday, September 26th will be given a dividend of $0.4525 per share on Monday, October 17th. This represents a $1.81 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Friday, September 23rd.
Read our dividend analysis for POR.

Portland General Electric (NYSE:POR) pays an annual dividend of $1.81 per share and currently has a dividend yield of 3.45%. 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 67.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, POR will have a dividend payout ratio of 61.56% 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 FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $2.74-$2.89 for the period, compared to the consensus estimate of $2.59. The company issued revenue guidance of -.

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 number of institutional and retail investors. Top institutional shareholders include Anchor Capital Advisors LLC (1.37%), Wedge Capital Management L L P NC (0.88%), Miller Howard Investments Inc. NY (0.86%), Brown Advisory Inc. (0.86%), Frontier Capital Management Co. LLC (0.82%) and Victory Capital Management Inc. (0.75%). Insiders that own company stock include Bradley Young Jenkins, Dawn L Farrell, James P Torgerson, John Carter Mcfarland, John Teeruk Kochavatr, Kathryn Jean Jackson, Kristin Anne Stathis, Larry Neal Bekkedahl, M Lee Pelton, William David Robertson and William O Nicholson.
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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 $52.72.

Portland General Electric (NYSE:POR) has a market capitalization of $4.70 billion and generates $2.40 billion in revenue each year. The utilities provider earns $244 million in net income (profit) each year or $2.68 on an earnings per share basis.

Portland General Electric employs 2,839 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.