Portland General Electric (POR) Expected to Announce Quarterly Earnings on Friday

Portland General Electric (NYSE:POR) is expected to be releasing 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. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Portland General Electric Price Performance

Shares of POR opened at $41.93 on Wednesday. The company has a market cap of $4.42 billion, a P/E ratio of 12.51, a PEG ratio of 1.05 and a beta of 0.61. Portland General Electric has a fifty-two week low of $39.42 and a fifty-two week high of $49.85. 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 firm’s 50 day moving average price is $42.96 and its 200 day moving average price is $45.87.

Analysts Set New Price Targets

Several brokerages have recently issued reports on POR. Bank of America reduced their price objective on Portland General Electric from $46.00 to $43.00 and set an “underperform” rating on the stock in a research note on Tuesday, December 24th. JPMorgan Chase & Co. boosted their price objective on Portland General Electric from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. KeyCorp reduced 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 report on Wednesday, December 4th. Barclays lowered their price target 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. Finally, UBS Group reaffirmed a “neutral” rating and set a $47.00 price objective (down from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock 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.