Portland General Electric Company (NYSE:POR) updated its FY17 earnings guidance on Friday. The company provided earnings per share guidance of $2.20-2.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.34.
Several research firms have commented on POR. J P Morgan Chase & Co upgraded shares of Portland General Electric Company from an underweight rating to a neutral rating and set a $44.00 price objective for the company in a research note on Friday, December 16th. Barclays PLC increased their price objective on shares of Portland General Electric Company from $39.00 to $41.00 and gave the company a sell rating in a research note on Friday, January 20th. Zacks Investment Research lowered shares of Portland General Electric Company from a hold rating to a sell rating in a research note on Tuesday, November 1st. Bank of America Corporation lowered shares of Portland General Electric Company from a neutral rating to an underperform rating and set a $39.00 price objective for the company. in a research note on Tuesday, November 22nd. Finally, Guggenheim began coverage on shares of Portland General Electric Company in a research note on Thursday, November 3rd. They issued a neutral rating for the company. Four analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $42.67.
Portland General Electric Company (NYSE:POR) traded down 1.83% on Friday, reaching $42.44. 426,266 shares of the company were exchanged. Portland General Electric Company has a 12-month low of $37.04 and a 12-month high of $45.21. The firm has a 50-day moving average of $43.47 and a 200 day moving average of $42.72. The firm has a market capitalization of $3.77 billion, a P/E ratio of 20.64 and a beta of 0.31.
Portland General Electric Company (NYSE:POR) last announced its quarterly earnings data on Friday, February 17th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.04. The firm earned $524 million during the quarter, compared to analysts’ expectations of $529.73 million. Portland General Electric Company had a net margin of 9.64% and a return on equity of 7.99%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 earnings per share. On average, equities analysts predict that Portland General Electric Company will post $2.10 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Monday, March 27th will be paid a $0.32 dividend. The ex-dividend date is Thursday, March 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.96%. Portland General Electric Company’s dividend payout ratio (DPR) is presently 62.44%.
This report was posted by Web Breaking News and is the property of of Web Breaking News. If you are viewing this report on another publication, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this report can be read at http://www.webbreakingnews.com/2017/02/17/portland-general-electric-company-por-releases-fy17-earnings-guidance.html.
About Portland General Electric Company
Portland General Electric Company (PGE) is an electric utility company. The Company is engaged in the generation, wholesale purchase, transmission, distribution and retail sale of electricity in the state of Oregon. The Company also sells electricity and natural gas in the wholesale market to utilities, brokers and power marketers.
Receive News & Ratings for Portland General Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Portland General Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.