Portland General Electric Company (NYSE:POR – Free Report) – KeyCorp lifted their FY2026 EPS estimates for Portland General Electric in a research note issued to investors on Wednesday, October 15th. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings per share of $3.41 for the year, up from their prior forecast of $3.40. The consensus estimate for Portland General Electric’s current full-year earnings is $3.21 per share.
POR has been the subject of a number of other reports. Zacks Research upgraded shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. Barclays dropped their price objective on shares of Portland General Electric from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, July 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Portland General Electric in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $45.40.
Portland General Electric Price Performance
Shares of POR opened at $44.62 on Friday. Portland General Electric has a 1-year low of $39.54 and a 1-year high of $49.85. The stock has a market cap of $4.89 billion, a PE ratio of 16.46, a P/E/G ratio of 4.01 and a beta of 0.62. The firm has a 50-day simple moving average of $42.91 and a two-hundred day simple moving average of $42.09. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.97 and a quick ratio of 0.84.
Portland General Electric (NYSE:POR – Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. The business had revenue of $807.00 million during the quarter, compared to analysts’ expectations of $797.97 million. During the same period last year, the business earned $0.69 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS.
Insider Activity at Portland General Electric
In other Portland General Electric news, Director Michael A. Lewis sold 1,937 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $40.10, for a total transaction of $77,673.70. Following the completion of the transaction, the director owned 13,509 shares in the company, valued at $541,710.90. The trade was a 12.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $41.35, for a total transaction of $107,634.05. Following the transaction, the chief financial officer owned 27,089 shares of the company’s stock, valued at $1,120,130.15. This trade represents a 8.77% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,436 shares of company stock worth $988,388. Corporate insiders own 0.40% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sowell Financial Services LLC grew its holdings in Portland General Electric by 5.0% during the 3rd quarter. Sowell Financial Services LLC now owns 17,355 shares of the utilities provider’s stock worth $764,000 after acquiring an additional 830 shares in the last quarter. Burney Co. grew its holdings in Portland General Electric by 16.4% during the 3rd quarter. Burney Co. now owns 73,270 shares of the utilities provider’s stock worth $3,224,000 after acquiring an additional 10,340 shares in the last quarter. Blue Trust Inc. grew its holdings in Portland General Electric by 22.7% during the 3rd quarter. Blue Trust Inc. now owns 4,027 shares of the utilities provider’s stock worth $177,000 after acquiring an additional 746 shares in the last quarter. CWM LLC grew its holdings in Portland General Electric by 66.1% during the 3rd quarter. CWM LLC now owns 42,929 shares of the utilities provider’s stock worth $1,889,000 after acquiring an additional 17,077 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new position in Portland General Electric during the 3rd quarter worth approximately $1,103,000.
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.
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