Portland General Electric (POR) Stock Price, News & Analysis

Company Overview

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. It also has 28,868 circuit miles of distribution lines. Portland General Electric Company was founded in 1889 and is headquartered in Portland, Oregon.

Key Stats

• Today's Range: $43.65 to $44.27
• 50-Day Range: $43.66 to $49.00
• 52-Week Range: $39.13 to $49.85
• Volume: 2.56 million shs
• Average Volume: 962,910 shs
• Market Capitalization: $4.64 billion
• P/E Ratio: 13.14
• Dividend Yield: 4.54%
• Price Target: $49.13
• Consensus Rating: Hold

Portland General Electric Stock Analysis - MarketRank™

Portland General Electric scored higher than 75% of companies evaluated by MarketBeat, and ranked 45th out of 91 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Portland General Electric has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 4 buy ratings, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Portland General Electric has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 3.54%

Earnings Growth

Earnings for Portland General Electric are expected to grow by 3.54% in the coming year, from $3.11 to $3.22 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Portland General Electric is 13.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of Portland General Electric is 13.14, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 95.41.

Price to Earnings Growth Ratio

Portland General Electric has a PEG Ratio of 1.13. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Portland General Electric has a P/B Ratio of 1.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.95% of the outstanding shares of Portland General Electric have been sold short.

Short Interest Ratio / Days to Cover

Portland General Electric has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Portland General Electric has recently decreased by 21.86%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

Portland General Electric is a leading dividend payer. It pays a dividend yield of 4.55%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Portland General Electric has been increasing its dividend for 19 years.

Dividend Coverage

The dividend payout ratio of Portland General Electric is 59.70%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Portland General Electric will have a dividend payout ratio of 62.11% next year. This indicates that Portland General Electric will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.95% of the outstanding shares of Portland General Electric have been sold short.

Short Interest Ratio / Days to Cover

Portland General Electric has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Portland General Electric has recently decreased by 21.86%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.48

News Sentiment

Portland General Electric has a news sentiment score of 0.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 17 news articles for Portland General Electric this week, compared to 9 articles on an average week.

Search Interest

25 people have searched for POR on MarketBeat in the last 30 days. This is an increase of 19% compared to the previous 30 days.

MarketBeat Follows

6 people have added Portland General Electric to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Portland General Electric insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.54% of the stock of Portland General Electric is held by insiders.

POR Stock Analysis - Frequently Asked Questions

How have POR shares performed this year?

Portland General Electric's stock was trading at $43.34 at the beginning of the year. Since then, POR shares have increased by 1.6% and is now trading at $44.03.
View the best growth stocks for 2024 here.

How were Portland General Electric's earnings last quarter?

Portland General Electric (NYSE:POR) released its earnings results on Friday, October, 25th. The utilities provider reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.01. Portland General Electric's revenue for the quarter was up 15.8% on a year-over-year basis.

Who are Portland General Electric's major shareholders?

Top institutional shareholders of Portland General Electric include State Street Corp (3.91%), Massachusetts Financial Services Co. MA (2.55%), Geode Capital Management LLC (2.32%) and Zimmer Partners LP (1.75%). Insiders that own company stock include Benjamin Felton, John Teeruk Kochavatr, Maria Angelica Espinosa, Brett Michael Sims, Anne Frances Mersereau, Dawn L Farrell, Kathryn Jean Jackson and Larry Neal Bekkedahl.
View institutional ownership trends.

How do I buy shares of Portland General Electric?

Shares of POR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Portland General Electric own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Portland General Electric investors own include JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Meta Platforms (META), Chevron (CVX), Tesla (TSLA), Verizon Communications (VZ) and Walmart (WMT).

Company Calendar

• Ex-Dividend for 10/15 Dividend: 9/24/2024
• Dividend Payable: 10/15/2024
• Last Earnings: 10/25/2024
• Today: 12/22/2024
• Ex-Dividend for 1/15 Dividend: 12/24/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/15/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric services
• Sub-Industry: Electric Utilities
• Current Symbol: NYSE:POR
• CUSIP: 73650884
• CIK: 784977
• Web: www.portlandgeneral.com
• Phone: (503) 464-8000
• Fax: 503-464-2507
• Employees: 2,842
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $49.13
• High Stock Price Target: $55.00
• Low Stock Price Target: $45.00
• Potential Upside/Downside: +11.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.38
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.35
• Trailing P/E Ratio: 13.14
• Forward P/E Ratio: 14.16
• P/E Growth: 1.13
• Net Income: $228 million
• Net Margins: 10.30%
• Pretax Margin: 11.64%
• Return on Equity: 10.28%
• Return on Assets: 3.09%

Debt

• Debt-to-Equity Ratio: 1.28
• Current Ratio: 0.98
• Quick Ratio: 0.86

Sales & Book Value

• Annual Sales: $3.34 billion
• Price / Sales: 1.39
• Cash Flow: $6.76 per share
• Price / Cash Flow: 6.51
• Book Value: $32.82 per share
• Price / Book: 1.34

Miscellaneous

• Outstanding Shares: 105,456,000
• Free Float: 104,887,000
• Market Cap: $4.64 billion
• Optionable: Optionable
• Beta: 0.59