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

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barclays reduced 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 on the stock in a report on Wednesday, December 4th. Jefferies Financial Group cut their price target on shares of Portland General Electric from $47.00 to $42.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. UBS Group restated a “neutral” rating and issued a $47.00 target price (down from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. Finally, Bank of America dropped their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $47.38.

Portland General Electric Price Performance

Shares of POR opened at $41.62 on Friday. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.05 and a beta of 0.61. Portland General Electric has a twelve month low of $39.49 and a twelve month 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 company has a 50 day moving average of $42.67 and a two-hundred day moving average of $45.78.

Portland General Electric Dividend Announcement

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 paid a $0.50 dividend. The ex-dividend date is Monday, March 24th. This represents a $2.00 annualized dividend and a yield of 4.81%. Portland General Electric’s dividend payout ratio (DPR) is 59.70%.

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.