Portland General Electric Company (POR)

NYSE: POR · IEX Real-Time Price · USD
43.01
+0.99 (2.36%)
Dec 6, 2023, 4:00 PM EST - Market closed
2.36%
Market Cap 4.35B
Revenue (ttm) 2.89B
Net Income (ttm) 211.00M
Shares Out 101.12M
EPS (ttm) 2.21
PE Ratio 19.46
Forward PE 13.60
Dividend $1.90 (4.42%)
Ex-Dividend Date Dec 22, 2023
Volume 1,286,889
Open 42.25
Previous Close 42.02
Day's Range 42.19 - 43.17
52-Week Range 38.01 - 51.58
Beta 0.59
Analysts Buy
Price Target 46.78 (+8.77%)
Earnings Date Oct 27, 2023

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, 2022, the company owned an electric transmission system consisting of 1,255 circuit miles, including 269 circuit miles of 500 kilovolt line, 413 circuit miles of 230 kilovolt line, and 573 miles of 115 kilovolt line; and served 926 thousand... [Read more]

Sector Utilities
Founded 1889
Employees 2,873
Stock Exchange NYSE
Ticker Symbol POR
Full Company Profile

Financial Performance

In 2022, POR's revenue was $2.65 billion, an increase of 10.48% compared to the previous year's $2.40 billion. Earnings were $233.00 million, a decrease of -4.51%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for POR stock is "Buy." The 12-month stock price forecast is $46.78, which is an increase of 8.77% from the latest price.

Price Target
$46.78
(8.77% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 weeks ago - PRNewsWire

Portland General Electric declares dividend

PORTLAND, Ore. , Oct. 20, 2023 /PRNewswire/ -- On October 20, 2023, the board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.475 per sha...

6 weeks 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.

6 weeks 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...

7 weeks 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.

2 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
4 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...

4 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.

5 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...

6 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...

7 months 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...

7 months 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...

7 months 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.

8 months 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.

9 months 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.

9 months 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...

9 months 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...

10 months 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.

11 months 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

Portland General Electric Company Announces Public Offering of $375,000,000 of Shares of Common Stock

PORTLAND, Ore. , Oct. 25, 2022 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) ("PGE" or the "Company"), a fully integrated energy company, today announced the commencement of an underwr...

1 year ago - PRNewsWire

Portland General Electric Announces Third Quarter 2022 Results

Increasing long-term EPS growth guidance to 5% to 7% from a 2022 adjusted earnings base year Collaborating with NextEra Energy Resources to construct a 311 MW wind energy facility in Eastern Montana; ...

1 year ago - PRNewsWire

Portland General Electric schedules earnings release and conference call for Tuesday, October 25

PORTLAND, Ore. , Oct. 5, 2022 /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

NextEra Energy Resources and Portland General Electric celebrate first-in-the-nation combined clean energy facilities

The first utility-scale facilities to co-locate wind, solar and battery storage makes the clean energy future a reality in Oregon Link for photos: Wheatridge commissioning photos LEXINGTON, Ore. , Sep...

Other symbols: NEE
1 year ago - PRNewsWire

Patricia Salas Pineda will join Portland General Board of Directors, effective October 1

PORTLAND, Ore. , Sept. 27, 2022 /PRNewswire/ -- Patricia Salas Pineda has been appointed to the Portland General Electric (NYSE:POR) ("PGE" or the "Company") board of directors, effective October 1, 2...

1 year ago - PRNewsWire

Portland General Electric Announces Second Quarter 2022 Results

Revising 2022 GAAP basis earnings guidance from $2.50 to $2.65 to $2.60 to $2.75 per diluted share; initiating non-GAAP basis adjusted full-year 2022 earnings guidance of $2.74 to $2.89 which reflects...

1 year ago - PRNewsWire