Portland General Electric (NYSE:POR) Releases FY25 Earnings Guidance

Portland General Electric (NYSE:POR) issued an update on its FY25 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $3.13-3.33 for the period, compared to the consensus estimate of $3.21. Portland General Electric also updated its FY 2025 guidance to 3.130-3.330 EPS.

Portland General Electric Trading Down 1.2 %

Shares of NYSE POR opened at $41.62 on Friday. The business’s 50 day moving average is $42.58 and its two-hundred day moving average is $45.73. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.98 and a quick ratio of 0.86. Portland General Electric has a 1-year low of $39.49 and a 1-year high of $49.85. The stock 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 (NYSE:POR) last issued its quarterly earnings data on Friday, February 14th. The utilities provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. Portland General Electric had a return on equity of 10.28% and a net margin of 10.30%. The company had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $716.17 million. During the same period in the previous year, the firm posted $0.67 earnings per share. As a group, research analysts expect that Portland General Electric will post 3.11 EPS for the current year.

Portland General Electric Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Monday, March 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.81%. Portland General Electric’s payout ratio is 59.70%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group reiterated a “neutral” rating and issued a $47.00 price target (down previously from $52.00) on shares of Portland General Electric in a report on Friday, January 3rd. Bank of America lowered their target price on Portland General Electric from $46.00 to $43.00 and set an “underperform” rating for the company in a report on Tuesday, December 24th. Barclays lowered their target price on Portland General Electric from $48.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, January 27th. KeyCorp lowered their target price on Portland General Electric from $52.00 to $51.00 and set an “overweight” rating for the company in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. upped their target price on Portland General Electric from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Portland General Electric presently 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.