Portland General Electric - POR Stock Forecast, Price & News

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, 2021, the company owned an electric transmission system consisting of 1,274 circuit miles, including 287 circuit miles of 500 kilovolt line, 415 circuit miles of 230 kilovolt line, and 572 miles of 115 kilovolt line. It has 28,206 circuit miles of distribution lines. The company also purchases and sells wholesale natural gas in the United States and Canada. It serves approximately 917 thousand residential, commercial, and industrial customers in 51 cities. The company was founded in 1889 and is headquartered in Portland, Oregon.

Portland General Electric Stock Up 0.1 %

POR traded up $0.05 during trading on Friday, hitting $55.30. 19,731 shares of the company's stock were exchanged, compared to its average volume of 862,119. The company has a quick ratio of 0.77, a current ratio of 0.87 and a debt-to-equity ratio of 1.31. The business's 50 day moving average is $49.99 and its two-hundred day moving average is $50.98. Portland General Electric has a fifty-two week low of $45.02 and a fifty-two week high of $57.03. The stock has a market cap of $4.93 billion, a P/E ratio of 20.62, a PEG ratio of 5.28 and a beta of 0.51.

Portland General Electric (NYSE:POR - Get Rating) last announced its earnings results on Thursday, July 28th. The utilities provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.40 by $0.32. The company had revenue of $591.00 million during the quarter, compared to the consensus estimate of $531.67 million. Portland General Electric had a net margin of 9.73% and a return on equity of 8.87%. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 earnings per share. As a group, equities analysts expect that Portland General Electric will post 2.82 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, September 26th will be issued a $0.4525 dividend. The ex-dividend date is Friday, September 23rd. This represents a $1.81 annualized dividend and a dividend yield of 3.27%. Portland General Electric's dividend payout ratio is currently 67.54%.

Analyst Ratings Changes

Several brokerages recently issued reports on POR. Bank of America lowered shares of Portland General Electric from a "buy" rating to a "neutral" rating and set a $52.00 target price on the stock. in a research note on Monday, August 1st. Mizuho lowered shares of Portland General Electric from a "buy" rating to a "neutral" rating and cut their target price for the stock from $56.00 to $50.00 in a research note on Tuesday, June 28th. The Goldman Sachs Group raised shares of Portland General Electric from a "neutral" rating to a "buy" rating and increased their target price for the stock from $49.00 to $52.00 in a research note on Thursday, June 2nd. StockNews.com raised shares of Portland General Electric from a "hold" rating to a "buy" rating in a research note on Monday, August 1st. Finally, Credit Suisse Group started coverage on shares of Portland General Electric in a research note on Monday, April 25th. They set an "underperform" rating and a $55.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $52.67.

Insider Activity

In other news, Director Dawn L. Farrell bought 4,000 shares of the stock in a transaction dated Thursday, May 26th. The stock was bought at an average price of $48.52 per share, for a total transaction of $194,080.00. Following the completion of the acquisition, the director now directly owns 9,223 shares in the company, valued at approximately $447,499.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP John Teeruk Kochavatr sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $53.72, for a total transaction of $107,440.00. Following the completion of the sale, the vice president now owns 14,112 shares in the company, valued at $758,096.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dawn L. Farrell acquired 4,000 shares of the firm's stock in a transaction that occurred on Thursday, May 26th. The shares were bought at an average price of $48.52 per share, with a total value of $194,080.00. Following the acquisition, the director now directly owns 9,223 shares of the company's stock, valued at approximately $447,499.96. The disclosure for this purchase can be found here. 0.52% of the stock is currently owned by corporate insiders.