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

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

Portland General Electric Stock Performance

POR stock traded up $1.18 during trading hours on Tuesday, hitting $42.82. 1,390,041 shares of the stock were exchanged, compared to its average volume of 1,176,356. The company has a 50-day simple moving average of $42.50 and a two-hundred day simple moving average of $45.68. The firm has a market capitalization of $4.52 billion, a P/E ratio of 12.78, a P/E/G ratio of 1.05 and a beta of 0.61. 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 12 month low of $39.49 and a 12 month high of $49.85.

Portland General Electric (NYSE:POR - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The utilities provider reported $0.36 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $716.17 million. During the same quarter in the previous year, the firm earned $0.67 EPS. On average, analysts forecast that Portland General Electric will post 3.11 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The business 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Monday, March 24th. Portland General Electric's dividend payout ratio (DPR) is presently 59.70%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on POR shares. JPMorgan Chase & Co. boosted their target price on shares of Portland General Electric from $54.00 to $55.00 and gave the stock an "overweight" rating in a research note 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. Evercore ISI increased their target price on Portland General Electric from $50.00 to $51.00 and gave the company an "outperform" rating in a research report on Tuesday. Jefferies Financial Group cut their price target on Portland General Electric from $47.00 to $42.00 and set a "hold" rating on the stock in a research note on Tuesday, January 28th. Finally, LADENBURG THALM/SH SH lowered shares of Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 price objective for the company. in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Portland General Electric presently has a consensus rating of "Hold" and a consensus target price of $46.44.

About Portland General Electric

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.