Portland General Electric (POR) Projected to Post Earnings on Friday

Portland General Electric (NYSE:POR) will likely be announcing its earnings results before the market opens on Friday, April 25th. Analysts expect the company to announce earnings of $1.12 per share and revenue of $977.02 million for the quarter. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS and its FY25 guidance at $3.13-3.33 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Friday, February 14th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $824.00 million for the quarter, compared to the consensus estimate of $716.17 million. Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. During the same quarter last year, the company posted $0.67 earnings per share. On average, analysts expect Portland General Electric to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Portland General Electric Price Performance

NYSE:POR opened at $42.99 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.92 and a quick ratio of 0.81. Portland General Electric has a one year low of $40.05 and a one year high of $49.85. The company has a fifty day moving average price of $43.49 and a 200 day moving average price of $44.51. The stock has a market cap of $4.71 billion, a P/E ratio of 14.28, a PEG ratio of 1.11 and a beta of 0.49.

Portland General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend was Monday, March 24th. Portland General Electric’s dividend payout ratio is currently 66.45%.

Insider Buying and Selling at Portland General Electric

In other news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of Portland General Electric stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $41.32, for a total value of $56,815.00. Following the completion of the transaction, the chief financial officer now owns 31,960 shares in the company, valued at approximately $1,320,587.20. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on POR shares. Bank of America lowered their price target on Portland General Electric from $46.00 to $43.00 and set an “underperform” rating on the stock in a research note on Tuesday, December 24th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $44.00 price objective (down previously from $50.00) on shares of Portland General Electric in a report on Thursday, April 10th. LADENBURG THALM/SH SH lowered Portland General Electric from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a research note on Tuesday, February 18th. UBS Group reaffirmed a “neutral” rating and issued a $47.00 target price (down from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. Finally, StockNews.com lowered shares of Portland General Electric from a “hold” rating to a “sell” rating in a report on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Portland General Electric presently has a consensus rating of “Hold” and a consensus target price of $45.78.

Portland General Electric Company Profile

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, 2023, the company owned an electric transmission system consisting of 1,254 circuit miles, including 287 circuit miles of 500 kilovolt line, 413 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line; and served 934 thousand retail customers in 51 cities.