Portland General Electric Company (POR)
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]
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 StatementsAnalyst 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.
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...

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...

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.

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...

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.

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...

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...

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.

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...

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...

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...

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...

Portland General Electric Files Inaugural Clean Energy Plan
Plan outlines 2030 targets are achievable with tools and resources commercially available today. PORTLAND, Ore.

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.

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.

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...

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...

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.

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...

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...

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; ...

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.

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...

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...

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...