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

Portland General Electric (NYSE:POR) is expected to release its earnings data before the market opens on Friday, February 14th. Analysts expect Portland General Electric to post earnings of $0.33 per share and revenue of $663.32 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Portland General Electric Stock Performance

Shares of POR stock opened at $41.93 on Wednesday. Portland General Electric has a 52-week low of $39.42 and a 52-week high of $49.85. The stock’s 50-day moving average price is $42.96 and its 200 day moving average price is $45.87. 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 has a market capitalization of $4.42 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.05 and a beta of 0.61.

Analysts Set New Price Targets

Several equities research analysts have recently commented on POR shares. Jefferies Financial Group cut their price target on 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. JPMorgan Chase & Co. upped their price objective on shares of Portland General Electric from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Barclays lowered 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 report on Monday, January 27th. KeyCorp cut their price target on shares of Portland General Electric from $52.00 to $51.00 and set an “overweight” rating for the company in a report on Wednesday, December 4th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $47.00 price objective (down previously from $52.00) on shares of Portland General Electric in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Portland General Electric presently has a consensus rating of “Hold” and an average 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.