KeyCorp Has Positive Outlook for POR FY2025 Earnings

Portland General Electric (NYSE:POR) – Investment analysts at KeyCorp lifted their FY2025 earnings per share estimates for Portland General Electric in a research note issued to investors on Tuesday, May 13th. KeyCorp analyst S. Karp now anticipates that the utilities provider will earn $3.22 per share for the year, up from their previous forecast of $3.20. KeyCorp has a “Sector Weight” rating and a $51.00 price objective on the stock. The consensus estimate for Portland General Electric’s current full-year earnings is $3.21 per share.

A number of other analysts have also weighed in on the company. Evercore ISI dropped their price objective on Portland General Electric from $51.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. UBS Group raised Portland General Electric from a “neutral” rating to a “buy” rating and increased their price objective for the company from $47.00 to $50.00 in a research note on Monday, May 5th. StockNews.com raised Portland General Electric from a “sell” rating to a “hold” rating in a research note on Friday, April 25th. 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 research note on Thursday, April 10th. Finally, Jefferies Financial Group dropped their price target on Portland General Electric from $47.00 to $42.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Portland General Electric currently has an average rating of “Hold” and a consensus target price of $45.45.

Portland General Electric Stock Performance

NYSE:POR opened at $42.21 on Thursday. The firm has a market cap of $4.62 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.11 and a beta of 0.57. Portland General Electric has a fifty-two week low of $40.05 and a fifty-two week high of $49.85. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.92. The business has a 50 day moving average price of $42.95 and a 200-day moving average price of $43.77.

Portland General Electric (NYSE:POR) last released its quarterly earnings data on Friday, April 25th. The utilities provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.02). The company had revenue of $928.00 million for the quarter, compared to analysts’ expectations of $977.02 million. Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the company posted $1.21 EPS.

Portland General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 24th will be issued a $0.525 dividend. This is an increase from Portland General Electric’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.10 dividend on an annualized basis and a yield of 4.98%. Portland General Electric’s dividend payout ratio is 73.94%.

Insiders Place Their Bets

In other Portland General Electric news, EVP Benjamin Felton sold 1,845 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $43.02, for a total value of $79,371.90. Following the completion of the transaction, the executive vice president now owns 32,646 shares in the company, valued at approximately $1,404,430.92. This represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the stock in a transaction on Tuesday, February 18th. The stock was 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 of the company’s stock, valued at approximately $1,320,587.20. This trade represents a 4.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,795 shares of company stock worth $159,946. 0.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Portland General Electric

Several institutional investors and hedge funds have recently modified their holdings of POR. Private Trust Co. NA grew its stake in shares of Portland General Electric by 62.6% during the 1st quarter. Private Trust Co. NA now owns 634 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 244 shares during the period. Arizona State Retirement System grew its stake in shares of Portland General Electric by 0.8% during the 4th quarter. Arizona State Retirement System now owns 29,912 shares of the utilities provider’s stock valued at $1,305,000 after acquiring an additional 245 shares during the period. Menard Financial Group LLC grew its stake in shares of Portland General Electric by 4.6% during the 1st quarter. Menard Financial Group LLC now owns 5,905 shares of the utilities provider’s stock valued at $251,000 after acquiring an additional 257 shares during the period. Captrust Financial Advisors grew its stake in shares of Portland General Electric by 3.2% during the 4th quarter. Captrust Financial Advisors now owns 8,693 shares of the utilities provider’s stock valued at $379,000 after acquiring an additional 269 shares during the period. Finally, Private Advisor Group LLC grew its stake in shares of Portland General Electric by 1.6% during the 1st quarter. Private Advisor Group LLC now owns 17,986 shares of the utilities provider’s stock valued at $802,000 after acquiring an additional 279 shares during the period.

About Portland General Electric

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.