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 year. There are currently 5 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 analysts have issued 12 month target prices for Portland General Electric's shares. Their POR share price forecasts range from $45.00 to $52.00. On average, they predict the company's stock price to reach $48.57 in the next twelve months. This suggests that the stock has a possible downside of 0.4%.
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Portland General Electric's stock was trading at $52.92 at the start of the year. Since then, POR stock has decreased by 7.8% and is now trading at $48.78.
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Portland General Electric saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 7,710,000 shares, an increase of 119.0% from the October 15th total of 3,520,000 shares. Based on an average trading volume of 838,400 shares, the days-to-cover ratio is currently 9.2 days. Approximately 8.7% of the company's shares are sold short.
View Portland General Electric's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our POR earnings forecast.

Portland General Electric (NYSE:POR) posted its earnings results on Tuesday, October, 25th. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.01. The utilities provider had revenue of $743 million for the quarter, compared to analyst estimates of $636.61 million. Portland General Electric had a trailing twelve-month return on equity of 9.09% and a net margin of 9.66%. The business's quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 earnings per share.

Portland General Electric declared a quarterly dividend on Friday, October 21st. Stockholders of record on Tuesday, December 27th will be given a dividend of $0.452 per share on Tuesday, January 17th. This represents a $1.81 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Friday, December 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 3.72%. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 65.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, POR will have a dividend payout ratio of 66.54% 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 Tuesday, November, 1st. The company provided earnings per share guidance of $2.74-$2.89 for the period, compared to the consensus estimate of $2.79. 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.81%), Vanguard Group Inc. (12.62%), State Street Corp (3.79%), Massachusetts Financial Services Co. MA (2.03%), Bank of New York Mellon Corp (1.91%) and First Trust Advisors LP (1.58%). Insiders that own company stock include Bradley Young Jenkins, 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 $48.78.

Portland General Electric (NYSE:POR) has a market capitalization of $4.35 billion and generates $2.40 billion in revenue each year. The utilities provider earns $244 million in net income (profit) each year or $2.77 on an earnings per share basis.

The company 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.