What is KeyCorp’s Forecast for POR FY2025 Earnings?

Portland General Electric (NYSE:POR) – KeyCorp lowered their FY2025 earnings estimates for Portland General Electric in a note issued to investors on Tuesday, December 3rd. KeyCorp analyst S. Karp now forecasts that the utilities provider will earn $3.20 per share for the year, down from their prior estimate 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.

Portland General Electric (NYSE:POR) last posted 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. The firm had revenue of $929.00 million for the quarter, compared to analysts’ expectations of $882.66 million. Portland General Electric had a net margin of 10.30% and a return on equity of 10.28%. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share.

A number of other research analysts have also recently commented on POR. Evercore ISI started coverage on shares of Portland General Electric in a report on Wednesday, September 25th. They issued an “outperform” rating and a $54.00 price target on the stock. Barclays lowered their price objective on shares of Portland General Electric from $49.00 to $48.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Jefferies Financial Group started coverage on shares of Portland General Electric in a research note on Friday, September 20th. They issued a “hold” rating and a $48.00 price objective for the company. StockNews.com raised shares of Portland General Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, Bank of America started coverage on shares of Portland General Electric in a research note on Thursday, September 12th. They issued an “underperform” rating and a $47.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $49.13.

Portland General Electric Trading Down 1.0 %

NYSE POR opened at $46.01 on Thursday. The company’s 50-day moving average price is $47.31 and its 200-day moving average price is $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 stock has a market cap of $4.85 billion, a PE ratio of 13.73, a PEG 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.

Hedge Funds Weigh In On Portland General Electric

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP increased its holdings in Portland General Electric by 74.4% in the 3rd quarter. Allworth Financial LP now owns 621 shares of the utilities provider’s stock worth $30,000 after buying an additional 265 shares during the period. First Pacific Financial increased its holdings in Portland General Electric by 2.9% in the 3rd quarter. First Pacific Financial now owns 12,331 shares of the utilities provider’s stock worth $591,000 after buying an additional 347 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in Portland General Electric by 20.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,469 shares of the utilities provider’s stock worth $107,000 after buying an additional 413 shares during the period. Blue Trust Inc. increased its holdings in Portland General Electric by 94.5% in the 2nd quarter. Blue Trust Inc. now owns 928 shares of the utilities provider’s stock worth $39,000 after buying an additional 451 shares during the period. Finally, Townsquare Capital LLC increased its holdings in Portland General Electric by 6.4% in the 3rd quarter. Townsquare Capital LLC now owns 7,607 shares of the utilities provider’s stock worth $364,000 after buying an additional 458 shares during the period.

Insider Buying and Selling at Portland General Electric

In other Portland General Electric news, SVP Maria Angelica Espinosa sold 2,500 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $48.30, for a total transaction of $120,750.00. Following the completion of the sale, the senior vice president now directly owns 14,263 shares of the company’s stock, valued at approximately $688,902.90. This represents a 14.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company’s stock.

Portland General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 24th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Tuesday, December 24th. Portland General Electric’s payout ratio is 59.70%.

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.