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

Portland General Electric (NYSE:POR) issued its quarterly earnings results on Friday. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01, Briefing.com reports. Portland General Electric had a net margin of 10.30% and a return on equity of 10.28%. The firm had revenue of $824.00 million for the quarter, compared to the consensus estimate of $716.17 million. During the same quarter in the previous year, the company 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 POR stock traded down $0.50 during trading on Friday, hitting $41.62. The company had a trading volume of 1,662,454 shares, compared to its average volume of 1,000,345. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.28. The stock’s 50-day moving average is $42.67 and its two-hundred day moving average is $45.78. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.05 and a beta of 0.61. Portland General Electric has a 52 week low of $39.49 and a 52 week high of $49.85.

Portland General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date is Monday, March 24th. Portland General Electric’s payout ratio is 59.70%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports 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 company an “overweight” rating in a research report on Wednesday, October 23rd. Bank of America dropped their target price on shares of Portland General Electric from $46.00 to $43.00 and set an “underperform” rating on the stock in a research report on Tuesday, December 24th. Barclays dropped their target price on shares of Portland General Electric from $48.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, January 27th. KeyCorp dropped their target price on shares of 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. Finally, Jefferies Financial Group dropped their target price on shares of Portland General Electric from $47.00 to $42.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $47.38.

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.