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.

Wall Street Analysts Forecast Growth

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

Portland General Electric Stock Down 0.7 %

NYSE:POR traded down $0.37 during midday trading on Thursday, reaching $55.25. 812,888 shares of the stock traded hands, compared to its average volume of 844,887. Portland General Electric has a 12-month low of $45.02 and a 12-month high of $57.03. The business has a 50-day moving average of $49.99 and a two-hundred day moving average of $50.98. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.77 and a current ratio of 0.87. The stock has a market capitalization of $4.93 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 5.26 and a beta of 0.51.

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

Portland General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, September 26th will be paid a dividend of $0.4525 per share. The ex-dividend date is Friday, September 23rd. This represents a $1.81 dividend on an annualized basis and a yield of 3.28%. Portland General Electric's payout ratio is 67.54%.

Insider Buying and Selling at Portland General Electric

In other Portland General Electric news, Director Dawn L. Farrell acquired 4,000 shares of the business's stock in a transaction dated Thursday, May 26th. The shares were purchased at an average price of $48.52 per share, for a total transaction of $194,080.00. Following the completion of the purchase, the director now directly owns 9,223 shares of the company's stock, valued at $447,499.96. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other Portland General Electric news, Director Dawn L. Farrell acquired 4,000 shares of the business's stock in a transaction dated Thursday, May 26th. The shares were purchased at an average price of $48.52 per share, for a total transaction of $194,080.00. Following the completion of the purchase, the director now directly owns 9,223 shares of the company's stock, valued at $447,499.96. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John Teeruk Kochavatr sold 2,000 shares of the stock in a transaction on Wednesday, August 10th. The stock was 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 approximately $758,096.64. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.