Portland General Electric (POR) to Release Earnings on Friday

Portland General Electric (NYSE:POR) is expected to be announcing its earnings results before the market opens on Friday, February 14th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $663.32 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Portland General Electric Stock Down 0.2 %

POR stock opened at $41.30 on Friday. The firm’s 50-day moving average is $43.36 and its two-hundred day moving average is $46.01. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 1.04 and a beta of 0.61. Portland General Electric has a 52 week low of $39.13 and a 52 week high of $49.85.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on POR shares. Jefferies Financial Group lowered their price target on Portland General Electric from $47.00 to $42.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. Bank of America dropped their price target on shares of Portland General Electric from $46.00 to $43.00 and set an “underperform” rating on the stock in a research report on Tuesday, December 24th. Barclays lowered their price objective on shares of Portland General Electric from $48.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, January 27th. UBS Group reissued a “neutral” rating and set a $47.00 target price (down from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. Finally, KeyCorp decreased their price target on shares of Portland General Electric from $52.00 to $51.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Portland General Electric has an average rating of “Hold” and an average target price of $47.38.

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.