Portland General Electric (NYSE:POR – Get Free Report) updated its FY 2026 earnings guidance on Friday morning. The company provided earnings per share guidance of 3.330-3.530 for the period, compared to the consensus estimate of 3.390. The company issued revenue guidance of -.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on POR shares. Wells Fargo & Company set a $51.00 target price on Portland General Electric in a report on Tuesday, April 21st. JPMorgan Chase & Co. lifted their price target on Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. BMO Capital Markets reduced their price target on Portland General Electric from $55.00 to $54.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Portland General Electric in a report on Friday, May 15th. Finally, Zacks Research downgraded shares of Portland General Electric from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Portland General Electric has an average rating of “Reduce” and an average target price of $50.90.
Get Our Latest Research Report on Portland General Electric
Portland General Electric Trading Down 1.3%
Portland General Electric (NYSE:POR – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). Portland General Electric had a net margin of 7.12% and a return on equity of 7.57%. The company had revenue of $814.00 million during the quarter, compared to analyst estimates of $839.75 million. During the same period in the previous year, the company posted $0.66 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. As a group, equities analysts forecast that Portland General Electric will post 3.38 EPS for the current fiscal year.
Portland General Electric Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, September 25th will be issued a dividend of $0.5513 per share. The ex-dividend date is Friday, September 25th. This represents a $2.21 annualized dividend and a yield of 4.5%. Portland General Electric’s dividend payout ratio (DPR) is presently 98.21%.
Insider Activity
In other news, Director Michael A. Lewis sold 1,537 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $51.83, for a total value of $79,662.71. Following the sale, the director directly owned 15,045 shares of the company’s stock, valued at approximately $779,782.35. This represents a 9.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Joseph R. Trpik, Jr. sold 7,500 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $49.03, for a total transaction of $367,725.00. Following the completion of the sale, the chief financial officer directly owned 31,897 shares in the company, valued at approximately $1,563,909.91. This represents a 19.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,787 shares of company stock worth $581,230 over the last quarter. Company insiders own 0.52% of the company’s stock.
Institutional Trading of Portland General Electric
A number of large investors have recently bought and sold shares of POR. Royal Bank of Canada boosted its position in shares of Portland General Electric by 7.4% during the 1st quarter. Royal Bank of Canada now owns 161,931 shares of the utilities provider’s stock valued at $7,222,000 after purchasing an additional 11,141 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Portland General Electric by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,949 shares of the utilities provider’s stock worth $2,763,000 after purchasing an additional 2,717 shares in the last quarter. Millennium Management LLC increased its holdings in Portland General Electric by 465.5% in the first quarter. Millennium Management LLC now owns 151,134 shares of the utilities provider’s stock worth $6,741,000 after purchasing an additional 124,410 shares in the last quarter. United Services Automobile Association acquired a new position in Portland General Electric in the first quarter valued at approximately $271,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Portland General Electric by 6.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,640 shares of the utilities provider’s stock worth $10,420,000 after buying an additional 13,799 shares in the last quarter.
Portland General Electric Company Profile
Portland General Electric (NYSE:POR) is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.
As one of Oregon’s largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.
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