Portland General Electric (POR) Expected to Announce Quarterly Earnings on Friday

Portland General Electric (NYSE:POR) will likely be releasing its earnings data before the market opens on Friday, February 14th. Analysts expect Portland General Electric to post earnings of $0.33 per share and revenue of $663.32 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Portland General Electric Stock Down 0.2 %

Portland General Electric stock opened at $41.30 on Friday. Portland General Electric has a twelve month low of $39.13 and a twelve month high of $49.85. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.86 and a current ratio of 0.98. The firm has a market cap of $4.36 billion, a PE ratio of 12.33, a P/E/G ratio of 1.04 and a beta of 0.61. The firm’s 50 day moving average price is $43.36 and its two-hundred day moving average price is $46.01.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on POR. Jefferies Financial Group cut their price objective on Portland General Electric from $47.00 to $42.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. KeyCorp cut their price target on Portland General Electric from $52.00 to $51.00 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price target on Portland General Electric from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Bank of America cut their price objective 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. Finally, Barclays decreased their target price on shares of Portland General Electric from $48.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.