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

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

Portland General Electric Trading Down 1.2 %

NYSE POR opened at $41.62 on Friday. The company has a fifty day simple moving average of $42.67 and a two-hundred day simple moving average of $45.78. The stock has a market cap of $4.39 billion, a P/E ratio of 12.42, a P/E/G ratio of 1.05 and a beta of 0.61. Portland General Electric has a 12-month low of $39.49 and a 12-month high of $49.85. 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays cut their price objective on shares of Portland General Electric from $48.00 to $42.00 and set an “equal weight” rating for the company in a 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. UBS Group reiterated a “neutral” rating and issued a $47.00 target price (down previously from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. 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. Finally, JPMorgan Chase & Co. lifted 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. One equities 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. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $47.38.

Portland General Electric Company Profile

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.