Portland General Electric Company (POR)

NYSE: POR · IEX Real-Time Price · USD
42.00
+0.32 (0.77%)
Mar 28, 2024, 4:00 PM EDT - Market closed
0.77%
Market Cap 4.25B
Revenue (ttm) 2.92B
Net Income (ttm) 228.00M
Shares Out 101.22M
EPS (ttm) 2.33
PE Ratio 18.03
Forward PE 13.42
Dividend $1.90 (4.52%)
Ex-Dividend Date Mar 21, 2024
Volume 676,328
Open 41.70
Previous Close 41.68
Day's Range 41.36 - 42.08
52-Week Range 38.01 - 51.58
Beta 0.58
Analysts Buy
Price Target 45.00 (+7.14%)
Earnings Date Apr 26, 2024

About POR

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... [Read more]

Sector Utilities
Founded 1889
Employees 2,842
Stock Exchange NYSE
Ticker Symbol POR
Full Company Profile

Financial Performance

In 2023, POR's revenue was $2.92 billion, an increase of 10.43% compared to the previous year's $2.65 billion. Earnings were $228.00 million, a decrease of -2.15%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for POR stock is "Buy." The 12-month stock price forecast is $45.0, which is an increase of 7.14% from the latest price.

Price Target
$45.0
(7.14% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Portland General Electric schedules earnings release and conference call for Friday, April 26

PORTLAND, Ore. , March 26, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m.

2 days ago - PRNewsWire

Portland General Electric announces intent to join CAISO EDAM regional energy market to benefit customers, environment

Participation in California Independent System Operator (CAISO) Extended Day-Ahead Market (EDAM) to enhance affordability, reliability and access to clean power.   PORTLAND, Ore.

7 days ago - PRNewsWire

PGE outlines progress and purpose in 2023 Environmental, Social and Governance report

Report shares PGE's progress in delivering reliable, affordable, accessible energy services while leading the transition to a clean energy future. PORTLAND, Ore.

22 days ago - PRNewsWire

Portland General Electric announces 2023 financial results and initiates 2024 earnings guidance

Full-year 2023 GAAP basis financial results of $2.33 per diluted share; full-year 2023 non-GAAP basis adjusted financial results of $2.38 per diluted share Initiating 2024 adjusted earnings guidance o...

6 weeks ago - PRNewsWire

Portland General Electric declares dividend

PORTLAND, Ore. , Feb. 9, 2024 /PRNewswire/ -- On February 9, 2024, the board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.475 per shar...

6 weeks ago - PRNewsWire

Portland General Electric issues All-Source Request for Proposal for renewable and non-emitting energy projects to meet growing customer demand

RFP process seeks bids for new energy resources to provide resource adequacy during the clean energy transition PORTLAND, Ore. , Feb. 5, 2024 /PRNewswire/ -- On Friday, February 2, Portland General El...

7 weeks ago - PRNewsWire

Portland General Electric schedules earnings release and conference call for Friday, February 16

PORTLAND, Ore. , Jan. 16, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m.

2 months ago - PRNewsWire

Portland General Electric Announces Third Quarter 2023 Results

Reached constructive global settlement stipulation in 2024 GRC, including updates to the power cost recovery framework Third quarter results reflect challenging weather, power market volatility, and c...

5 months ago - PRNewsWire

John O'Leary will join Portland General Electric board of directors, effective January 1, 2024

Portland, Ore. , Oct. 20, 2023 /PRNewswire/ -- John O'Leary has been appointed to the Portland General Electric (NYSE:POR) ("PGE" or the "Company") board of directors, effective January 1, 2024.

5 months ago - PRNewsWire

U.S. DOE grants $250M to Confederated Tribes of Warm Springs, in partnership with PGE, for critical transmission upgrades

Enhancements to the Bethel-Round Butte transmission line will advance Tribal energy leadership, improve reliability, and accelerate decarbonization in Oregon WARM SPRINGS, Ore. , Oct. 18, 2023 /PRNews...

5 months ago - PRNewsWire

Portland General Electric schedules earnings release and conference call for Friday, October 27

PORTLAND, Ore. , Sept. 27, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m.

6 months ago - PRNewsWire

Check Out 3 High-Yielding Dividend Stocks In Utilities Sector From Wall Street's Most Accurate Analysts - Dominion Energy (NYSE:D), Avangrid (NYSE:AGR)

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: AGRD
8 months ago - Benzinga

Portland General Electric Announces Second Quarter 2023 Results

Advanced strategic priorities, including making constructive progress in the 2024 GRC and procuring the 75 MW Evergreen battery energy storage system Second quarter results reflect robust retail deliv...

8 months ago - PRNewsWire

Portland General Electric schedules earnings release and conference call for Friday, July 28

PORTLAND, Ore. , June 28, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m.

9 months ago - PRNewsWire

Portland General Electric Names Joseph Trpik Chief Financial Officer

Experienced energy executive brings over two decades of financial expertise PORTLAND, Ore. , June 15, 2023 /PRNewswire/ -- Portland General Electric (PGE) (NYSE:POR) today announced the appointment of...

10 months ago - PRNewsWire

PGE bolsters reliability of clean energy transition with region's largest battery storage addition

Two new local projects will add 400 megawatts of non-emitting capacity, helping PGE integrate more clean energy into its portfolio PORTLAND, Ore. , April 28, 2023 /PRNewswire/ -- Portland General Elec...

1 year ago - PRNewsWire

Portland General Electric Announces First Quarter 2023 Results

Entered an agreement to construct a 200 MW company-owned battery storage project, a $360 million investment; also entered a storage capacity agreement to secure an incremental 200 MW of battery storag...

1 year ago - PRNewsWire

Portland General Electric Announces Chief Financial Officer Jim Ajello to Retire

Company initiates search for successor PORTLAND, Ore. , April 28, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) ("PGE" or the "Company") today announced that Jim Ajello, senior vi...

1 year ago - PRNewsWire

Portland General Electric Files Inaugural Clean Energy Plan

Plan outlines 2030 targets are achievable with tools and resources commercially available today. PORTLAND, Ore.

1 year ago - PRNewsWire

Portland General Electric schedules earnings release and conference call for Friday, April 28

PORTLAND, Ore. , March 28, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m.

1 year ago - PRNewsWire

Benjamin Felton joins Portland General Electric as Chief Operating Officer

Energy executive brings deep industry knowledge, strong leadership and proven operating expertise to PGE's commitment to delivering safe, reliable and affordable clean energy. PORTLAND, Ore.

1 year ago - PRNewsWire

PGE's annual Environmental, Social and Governance (ESG) report highlights progress in 2022

PORTLAND, Ore. , March 7, 2023 /PRNewswire/ -- Portland General Electric (PGE) released its 2022 Environmental, Social and Governance (ESG) Report, an annual report that showcases PGE's programs and p...

1 year ago - PRNewsWire

Portland General Electric announces 2022 financial results and initiates 2023 earnings guidance

Full-year 2022 GAAP basis financial results of $2.60 per diluted share; full-year 2022 non-GAAP basis adjusted financial results of $2.74 per diluted share Initiating 2023 adjusted earnings guidance o...

1 year ago - PRNewsWire

Portland General Electric schedules earnings release and conference call for Thursday, February 16

PORTLAND, Ore. , Jan. 13, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m.

1 year ago - PRNewsWire

Portland General Electric Company Announces Pricing of a Public Offering of 10,100,000 Shares of Common Stock

PORTLAND, Ore. , Oct. 26, 2022 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) ("PGE" or the "Company"), a fully integrated energy company, today announced that it has priced an underwri...

1 year ago - PRNewsWire