Portland General Electric (NYSE:POR) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Portland General Electric (NYSE:POR - Get Free Report) announced its quarterly earnings results on Friday. The utilities provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01, Briefing.com reports. The firm had revenue of $824.00 million during the quarter, compared to analyst estimates of $716.17 million. Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%. During the same quarter in the previous year, the business earned $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 Price Performance

Shares of NYSE:POR traded up $0.55 during midday trading on Wednesday, hitting $43.36. The company had a trading volume of 1,180,333 shares, compared to its average volume of 1,178,173. Portland General Electric has a twelve month low of $39.49 and a twelve month high of $49.85. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 1.06 and a beta of 0.61. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.92 and a quick ratio of 0.81. The business's 50-day simple moving average is $42.41 and its 200-day simple moving average is $45.62.

Portland General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a $0.50 dividend. The ex-dividend date is Monday, March 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.61%. Portland General Electric's dividend payout ratio (DPR) is presently 66.45%.

Insider Buying and Selling at Portland General Electric

In other news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $41.32, for a total transaction of $56,815.00. Following the transaction, the chief financial officer now owns 31,960 shares of the company's stock, valued at approximately $1,320,587.20. The trade was a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on POR. LADENBURG THALM/SH SH cut Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 price objective for the company. in a research report on Tuesday. UBS Group reissued 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. Barclays decreased their price objective 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. Jefferies Financial Group cut their target price on shares of 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Portland General Electric from $54.00 to $55.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $46.44.

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.