What is KeyCorp’s Estimate for POR FY2025 Earnings?

Portland General Electric (NYSE:POR) – Equities research analysts at KeyCorp decreased their FY2025 earnings per share estimates for Portland General Electric in a note issued to investors on Tuesday, December 3rd. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings per share of $3.20 for the year, down from their previous estimate of $3.21. KeyCorp has a “Overweight” rating and a $51.00 price target on the stock. The consensus estimate for Portland General Electric’s current full-year earnings is $3.12 per share.

Portland General Electric (NYSE:POR) last issued its quarterly earnings results on Friday, October 25th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $929.00 million during the quarter, compared to the consensus estimate of $882.66 million. Portland General Electric had a return on equity of 10.28% and a net margin of 10.30%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the company posted $0.46 EPS.

POR has been the subject of a number of other reports. Barclays dropped their price objective on shares of Portland General Electric from $49.00 to $48.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Bank of America began coverage on Portland General Electric in a research note on Thursday, September 12th. They set an “underperform” rating and a $47.00 price target for the company. Evercore ISI initiated coverage on Portland General Electric in a research report on Wednesday, September 25th. They set an “outperform” rating and a $54.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on Portland General Electric from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com raised Portland General Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.13.

Portland General Electric Price Performance

POR stock opened at $46.46 on Thursday. The firm has a 50 day simple moving average of $47.35 and a two-hundred day simple moving average of $46.23. The stock has a market cap of $4.90 billion, a PE ratio of 13.87, a P/E/G ratio of 1.20 and a beta of 0.59. Portland General Electric has a one year low of $39.13 and a one year high of $49.85. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.98 and a quick ratio of 0.86.

Institutional Investors Weigh In On Portland General Electric

Institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. raised its holdings in Portland General Electric by 114.1% in the 3rd quarter. Franklin Resources Inc. now owns 153,290 shares of the utilities provider’s stock worth $7,289,000 after purchasing an additional 81,701 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Portland General Electric by 53.0% during the third quarter. Sanctuary Advisors LLC now owns 14,254 shares of the utilities provider’s stock valued at $678,000 after buying an additional 4,936 shares during the period. Coldstream Capital Management Inc. raised its stake in Portland General Electric by 20.2% in the third quarter. Coldstream Capital Management Inc. now owns 6,078 shares of the utilities provider’s stock worth $291,000 after buying an additional 1,020 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Portland General Electric by 1.0% in the third quarter. Geode Capital Management LLC now owns 2,444,486 shares of the utilities provider’s stock worth $117,114,000 after buying an additional 25,332 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in Portland General Electric during the 3rd quarter valued at approximately $596,000.

Insider Transactions at Portland General Electric

In related news, SVP Maria Angelica Espinosa sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $48.30, for a total value of $120,750.00. Following the sale, the senior vice president now directly owns 14,263 shares of the company’s stock, valued at $688,902.90. This trade represents a 14.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.54% of the company’s stock.

Portland General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 24th will be given a $0.50 dividend. The ex-dividend date is Tuesday, December 24th. This represents a $2.00 annualized dividend and a yield of 4.30%. Portland General Electric’s payout ratio is currently 59.70%.

Portland General Electric Company Profile

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.