Reviewing The Case For Portland General Electric Co (POR) Going Higher

Currently, there are 105.46M common shares owned by the public and among those 104.93M shares have been available to trade.

The company’s stock has a 5-day price change of -1.62% and -7.60% over the past three months. POR shares are trading 0.99% year to date (YTD), with the 12-month market performance up to 1.53% higher. It has a 12-month low price of $39.13 and touched a high of $49.85 over the same period. POR has an average intraday trading volume of 975.79K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.93%, -6.33%, and -3.24% respectively.

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Institutional ownership of Portland General Electric Co (NYSE: POR) shares accounts for 101.63% of the company’s 105.46M shares outstanding.

It has a market capitalization of $4.62B and a beta (3y monthly) value of 0.61. The stock’s trailing 12-month PE ratio is 13.09, while the earnings-per-share (ttm) stands at $3.34. The company has a PEG of 1.50 and a Quick Ratio of 0.86 with the debt-to-equity ratio at 1.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.80% over the week and 1.54% over the month.

Analysts forecast that Portland General Electric Co (POR) will achieve an EPS of 0.35 for the current quarter, 1.16 for the next quarter and 3.23 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.3 while analysts give the company a high EPS estimate of 0.3. Comparatively, EPS for the current quarter was 0.67 a year ago. Earnings per share for the fiscal year are expected to increase by 31.65%, and 2.83% over the next financial year. EPS should grow at an annualized rate of 8.75% over the next five years, compared to -0.38% over the past 5-year period.

Looking at the support for the POR, a number of firms have released research notes about the stock. Evercore ISI stated their Outperform rating for the stock in a research note on September 25, 2024, with the firm’s price target at $54. Jefferies coverage for the Portland General Electric Co (POR) stock in a research note released on September 20, 2024 offered a Hold rating with a price target of $48. Barclays was of a view on September 18, 2024 that the stock is Equal Weight, while BofA Securities gave the stock Underperform rating on September 12, 2024, issuing a price target of $47. KeyBanc Capital Markets on their part issued Overweight rating on July 22, 2024.

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