Portland General Electric (NYSE:POR) Releases Earnings Results, Beats Expectations By $0.01 EPS

Portland General Electric (NYSE:POR) posted its earnings results on Friday. The utilities provider reported $0.36 earnings per share (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 during the quarter, compared to analysts’ expectations of $716.17 million. Portland General Electric had a net margin of 10.30% and a return on equity of 10.28%. During the same quarter last year, the company posted $0.67 EPS. 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 Trading Down 1.2 %

NYSE:POR traded down $0.50 during mid-day trading on Friday, hitting $41.62. 1,662,454 shares of the company’s stock were exchanged, compared to its average volume of 1,000,345. The company has a 50 day simple moving average of $42.67 and a 200-day simple moving average of $45.78. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.28. Portland General Electric has a fifty-two week low of $39.49 and a fifty-two week high of $49.85. The firm has a market capitalization of $4.39 billion, a P/E ratio of 12.42, a PEG ratio of 1.05 and a beta of 0.61.

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 given a dividend of $0.50 per share. The ex-dividend date is Monday, March 24th. This represents a $2.00 annualized dividend and a yield of 4.81%. Portland General Electric’s dividend payout ratio is presently 59.70%.

Wall Street Analysts Forecast Growth

POR has been the topic of several recent analyst reports. KeyCorp decreased 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. Jefferies Financial Group decreased 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. UBS Group reissued a “neutral” rating and issued a $47.00 target price (down from $52.00) on shares of Portland General Electric in a report on Friday, January 3rd. 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. Finally, Bank of America decreased their price target on shares of Portland General Electric from $46.00 to $43.00 and set an “underperform” rating on the stock in a report on Tuesday, December 24th. One equities research 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.