What is KeyCorp’s Forecast for POR FY2025 Earnings?

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

POR has been the subject of several other reports. Bank of America began coverage on shares of Portland General Electric in a research report on Thursday, September 12th. They set an “underperform” rating and a $47.00 target price for the company. Evercore ISI began coverage on shares of Portland General Electric in a research report on Wednesday, September 25th. They set an “outperform” rating and a $54.00 target price for the company. Jefferies Financial Group began coverage on shares of Portland General Electric in a research report on Friday, September 20th. They set a “hold” rating and a $48.00 target price for the company. JPMorgan Chase & Co. boosted their target price on shares of Portland General Electric from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, September 24th. One equities 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $49.13.

Portland General Electric Stock Performance

Shares of NYSE POR opened at $46.01 on Thursday. The firm has a 50 day moving average of $47.31 and a 200 day moving average of $46.23. 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 firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 1.20 and a beta of 0.59. Portland General Electric has a 12-month low of $39.13 and a 12-month high of $49.85.

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

Portland General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 24th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Tuesday, December 24th. Portland General Electric’s dividend payout ratio (DPR) is presently 59.70%.

Insider Transactions at Portland General Electric

In related news, SVP Maria Angelica Espinosa sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $48.30, for a total value of $120,750.00. Following the sale, the senior vice president now owns 14,263 shares in the company, valued at approximately $688,902.90. The trade was a 14.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Portland General Electric

Several large investors have recently bought and sold shares of POR. Zimmer Partners LP increased its position in Portland General Electric by 107.0% in the third quarter. Zimmer Partners LP now owns 1,842,542 shares of the utilities provider’s stock worth $88,258,000 after purchasing an additional 952,214 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Portland General Electric during the second quarter valued at $31,557,000. Marshall Wace LLP increased its position in Portland General Electric by 657.0% during the second quarter. Marshall Wace LLP now owns 314,688 shares of the utilities provider’s stock valued at $13,607,000 after acquiring an additional 273,118 shares during the last quarter. Systematic Financial Management LP increased its position in Portland General Electric by 83.4% during the second quarter. Systematic Financial Management LP now owns 424,701 shares of the utilities provider’s stock valued at $18,364,000 after acquiring an additional 193,164 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Portland General Electric during the second quarter valued at $7,459,000.

About Portland General Electric

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.