Portland General Electric (NYSE:POR) Announces Earnings Results

Portland General Electric (NYSE:POR) posted its earnings results on Friday. The utilities provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01, Briefing.com reports. The company had revenue of $824.00 million for the quarter, compared to the consensus estimate of $716.17 million. Portland General Electric had a return on equity of 10.28% and a net margin of 10.30%. During the same period in the previous year, the business earned $0.67 earnings per share. Portland General Electric updated its FY 2025 guidance to 3.130-3.330 EPS and its FY25 guidance to $3.13-3.33 EPS.

Portland General Electric Stock Performance

Shares of NYSE:POR opened at $41.62 on Friday. The firm has a market capitalization of $4.39 billion, a PE ratio of 12.42, a P/E/G ratio of 1.05 and a beta of 0.61. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.98 and a quick ratio of 0.86. The business has a 50-day moving average of $42.58 and a two-hundred day moving average of $45.73. Portland General Electric has a 12 month low of $39.49 and a 12 month high of $49.85.

Portland General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $2.00 annualized dividend and a yield of 4.81%. Portland General Electric’s payout ratio is currently 59.70%.

Analysts Set New Price Targets

Several analysts have recently issued reports on POR shares. UBS Group restated a “neutral” rating and issued a $47.00 price objective (down from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. Bank of America reduced their price objective on Portland General Electric from $46.00 to $43.00 and set an “underperform” rating on the stock in a research report on Tuesday, December 24th. JPMorgan Chase & Co. upped their price objective on Portland General Electric from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. KeyCorp reduced their price objective on Portland General Electric from $52.00 to $51.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 4th. Finally, Jefferies Financial Group reduced their price objective on Portland General Electric from $47.00 to $42.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Portland General Electric has a consensus rating of “Hold” and an average price target 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.