Portland General Electric (NYSE:POR) has announced that it will be distributing a quarterly dividend of 47.5 cents per share to its valued shareholders. To be eligible for this dividend, investors must own the stock before the ex-dividend date, which falls on September 22, 2023. Those who hold POR shares by the end of trading on September 21, 2023, will qualify for this payout.
Shareholders will receive the dividend payment for each share they own on October 16, 2023. This dividend distribution follows the company’s consistent practice of providing quarterly dividends to its investors. The most recent dividend was paid out on June 23, 2023, as per POR’s dividend history.
Investors can look forward to this upcoming dividend as a reward for their continued support and ownership of Portland General Electric stock.
Portland General Electric Company
POR
Strong Buy
Updated on: 19/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Positive Stock Performance and Growth Trend: POR Stock Analysis and Outlook for October 2023
On September 19, 2023, POR stock had a positive performance, with a slight increase in its value. The previous day’s closing price was $44.18, and the stock opened at $44.42. Throughout the day, the stock fluctuated within a range of $43.79 to $44.45. The trading volume for the day was 963,379 shares, which is higher than the average volume of 896,806 shares over the past three months.
POR, with a market capitalization of $4.5 billion, operates in the utilities sector and specifically in the electric utilities industry. The company has shown a positive earnings growth trend, with a decline of 4.30% last year but a recovery of 2.88% this year. Looking ahead, analysts expect the company to continue growing its earnings at a rate of 6.80% over the next five years.
In terms of revenue growth, POR had a solid performance last year, with a growth rate of 7.76%.
The price-to-earnings (P/E) ratio for POR is 18.2, which suggests that investors are willing to pay 18.2 times the company’s earnings per share (EPS) for its stock. The price/sales ratio is 1.75, indicating that investors are valuing the company at 1.75 times its annual revenue. The price/book ratio is 1.43, suggesting that the stock is trading at 1.43 times its book value.
Looking ahead, POR is scheduled to report its next earnings on October 27, 2023. Analysts expect the company to report earnings per share of $0.74 for the current quarter. In the previous year, POR generated $2.5 billion in annual revenue and $233.0 million in annual profit, resulting in a net profit margin of 9.27%.
Despite the lack of information about the company’s executives, POR is headquartered in Portland, Oregon.
Overall, POR had a positive stock performance on September 19, 2023, with a slight increase in value. The company has shown a positive earnings growth trend and solid revenue growth. Investors are valuing the stock at a moderate P/E ratio and price/sales ratio. It will be interesting to see how POR performs in its upcoming earnings report on October 27, 2023.
Portland General Electric Co (POR) Stock Analysis: Target Price, Earnings, and Analyst Ratings
On September 19, 2023, Portland General Electric Co (POR) had a median target price of $48.50, with a high estimate of $61.00 and a low estimate of $43.00. This indicates that the analysts expect the stock to increase by approximately 10.73% from its last price of $43.80.
The consensus among 10 polled investment analysts is to hold stock in Portland General Electric Co. This rating has remained unchanged since August.
Portland General Electric Co reported earnings per share of $0.74 for the current quarter. The company’s sales for the quarter amounted to $770.1 million. The next earnings report is scheduled to be released on October 27.
Analysts are generally optimistic about the future performance of Portland General Electric Co based on the median target price. However, it is important to conduct thorough research and analysis before making any investment decisions. Consider other factors such as the company’s financial health, industry trends, and overall market conditions.
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