Portland General Electric (NYSE:POR – Get Free Report) updated its FY 2025 earnings guidance on Friday. The company provided EPS guidance of 3.130-3.330 for the period, compared to the consensus EPS estimate of 3.220. The company issued revenue guidance of -. Portland General Electric also updated its FY25 guidance to $3.13-3.33 EPS.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on POR. JPMorgan Chase & Co. increased their price objective on shares of Portland General Electric from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. KeyCorp decreased their target price on shares of Portland General Electric from $52.00 to $51.00 and set an “overweight” rating for the company in a research report on Wednesday, December 4th. Bank of America decreased their target price on shares of Portland General Electric from $46.00 to $43.00 and set an “underperform” rating for the company in a research report on Tuesday, December 24th. 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. Finally, Barclays decreased their target price on shares of Portland General Electric from $48.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.38.
Check Out Our Latest Analysis on POR
Portland General Electric Stock Performance
Portland General Electric (NYSE:POR – Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The utilities provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. Portland General Electric had a net margin of 10.30% and a return on equity of 10.28%. The company had revenue of $824.00 million during the quarter, compared to analyst estimates of $716.17 million. During the same quarter last year, the firm posted $0.67 EPS. Analysts forecast that Portland General Electric will post 3.11 earnings per share for the current fiscal year.
Portland General Electric Announces Dividend
The company also recently announced 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. This represents a $2.00 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Monday, March 24th. Portland General Electric’s payout ratio is 59.70%.
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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