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

Portland General Electric (NYSE:POR) is projected to announce its earnings results before the market opens on Friday, February 14th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $663.32 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Portland General Electric Stock Down 0.3 %

Shares of POR opened at $41.78 on Thursday. The company’s 50-day simple moving average is $42.86 and its 200-day simple moving average is $45.83. The stock has a market capitalization of $4.41 billion, a PE ratio of 12.47, a P/E/G ratio of 1.05 and a beta of 0.61. Portland General Electric has a 1 year low of $39.42 and a 1 year high of $49.85. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.86 and a current ratio of 0.98.

Portland General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.79%. Portland General Electric’s dividend payout ratio (DPR) is 59.70%.

Analyst Ratings Changes

Several analysts recently weighed in on POR shares. Barclays reduced their target price on shares of Portland General Electric from $48.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, January 27th. KeyCorp reduced their target price on shares of Portland General Electric from $52.00 to $51.00 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. JPMorgan Chase & Co. raised their target price on shares of Portland General Electric from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Jefferies Financial Group reduced their target price on shares of Portland General Electric from $47.00 to $42.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $47.00 target price (down previously from $52.00) on shares of Portland General Electric in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Portland General Electric has a consensus rating of “Hold” and a consensus target price of $47.38.

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.