Portland General Electric (NYSE:POR) updated its FY 2020
Pre-Market earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 2.50-2.65 for the period, compared to the Thomson Reuters consensus estimate of $2.56.
POR has been the topic of a number of recent research reports. KeyCorp initiated coverage on shares of Portland General Electric in a report on Monday, January 27th. They issued a sector weight rating on the stock. Sidoti raised their target price on shares of Portland General Electric from $57.00 to $61.00 and gave the company a neutral rating in a research note on Thursday, January 23rd. Guggenheim lowered shares of Portland General Electric from a neutral rating to a sell rating in a report on Tuesday, January 7th. Zacks Investment Research cut Portland General Electric from a buy rating to a hold rating in a research report on Tuesday, January 21st. Finally, Bank of America upgraded Portland General Electric from a neutral rating to a buy rating and set a $60.00 price target on the stock in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Portland General Electric presently has an average rating of Hold and a consensus price target of $60.50.
NYSE POR opened at $62.34 on Friday. Portland General Electric has a 12 month low of $48.34 and a 12 month high of $62.34. The stock has a market cap of $5.45 billion, a P/E ratio of 27.58, a P/E/G ratio of 4.80 and a beta of 0.13. The stock’s fifty day moving average price is $58.44 and its 200-day moving average price is $56.58. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 0.96.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, March 25th will be issued a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 2.47%. Portland General Electric’s payout ratio is presently 64.98%.
In other news, VP William O. Nicholson sold 3,000 shares of Portland General Electric stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $55.26, for a total value of $165,780.00. Following the completion of the transaction, the vice president now owns 1,653 shares of the company’s stock, valued at approximately $91,344.78. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.39% of the stock is owned by insiders.
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. The company operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2018, it owned an electric transmission system consisting of 1,256 circuit miles, including 287 circuit miles of 500 kilovolt line, 410 circuit miles of 230 kilovolt line, and 561 miles of 115 kilovolt line.
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