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