Portland General Electric (POR) Projected to Post Quarterly Earnings on Friday

Portland General Electric (NYSE:POR - Get Free Report) is expected to be posting its Q1 2025 quarterly earnings results before the market opens on Friday, April 25th. Analysts expect Portland General Electric to post earnings of $1.12 per share and revenue of $977.02 million for the quarter. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS and its FY25 guidance at $3.13-3.33 EPS.

Portland General Electric (NYSE:POR - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $824.00 million during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $0.67 earnings per share. On average, analysts expect Portland General Electric to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Portland General Electric Price Performance

POR stock traded down $0.42 during trading on Wednesday, hitting $43.29. The company had a trading volume of 997,801 shares, compared to its average volume of 1,027,967. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 1.11 and a beta of 0.49. The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22. The business has a 50 day moving average of $43.59 and a 200 day moving average of $44.40. Portland General Electric has a fifty-two week low of $40.05 and a fifty-two week high of $49.85.

Portland General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 24th will be issued a dividend of $0.525 per share. This is a boost from Portland General Electric's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, June 24th. This represents a $2.10 annualized dividend and a yield of 4.85%. Portland General Electric's payout ratio is presently 66.45%.

Insiders Place Their Bets

In other Portland General Electric news, EVP Benjamin Felton sold 1,845 shares of the firm's stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $43.02, for a total transaction of $79,371.90. Following the completion of the sale, the executive vice president now directly owns 32,646 shares in the company, valued at approximately $1,404,430.92. This trade represents a 5.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $41.32, for a total value of $56,815.00. Following the completion of the transaction, the chief financial officer now owns 31,960 shares in the company, valued at $1,320,587.20. This represents a 4.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,795 shares of company stock worth $159,946. Corporate insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

POR has been the subject of several research analyst reports. Jefferies Financial Group cut their price objective on Portland General Electric from $47.00 to $42.00 and set a "hold" rating for the company in a report on Tuesday, January 28th. Bank of America lowered their price objective on shares of Portland General Electric from $46.00 to $43.00 and set an "underperform" rating on the stock in a research note on Tuesday, December 24th. Evercore ISI increased their target price on shares of Portland General Electric from $50.00 to $51.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. UBS Group restated a "neutral" rating and set a $47.00 target price (down from $52.00) on shares of Portland General Electric in a report on Friday, January 3rd. Finally, Barclays upped their price target on Portland General Electric from $47.00 to $48.00 and gave the company an "equal weight" rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $45.89.

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.