Portland General Electric Company (NYSE:POR) Releases Quarterly Earnings Results, Beats Estimates By $zero.06 EPS

Portland General Electric logoPortland General Electric Company (NYSE:POR) launched its earnings outcomes on Friday, October 27th. The utilities supplier reported $zero.44 EPS for the quarter, beating the consensus estimate of $zero.38 by $zero.06, MarketWatch Earnings studies. Portland General Electric had a internet margin of 10.21% and a return on fairness of eight.65%. The enterprise had income of $515.00 million in the course of the quarter, in comparison with badyst estimates of $497.85 million. During the identical interval within the prior 12 months, the enterprise earned $zero.38 earnings per share. The enterprise’s quarterly income was up 6.four% on a year-over-year foundation. Portland General Electric up to date its FY17 steering to $2.20-2.35 EPS.

Portland General Electric (NYSE POR) traded down $zero.04 throughout mid-day buying and selling on Friday, reaching $47.76. 1,082,zero41 shares of the corporate’s inventory had been exchanged, in comparison with its common quantity of 1,215,422. Portland General Electric has a 12 month low of $40.71 and a 12 month excessive of $48.22. The firm has a present ratio of zero.95, a fast ratio of zero.64 and a debt-to-equity ratio of zero.95. The inventory has a market cap of $four,255.03, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 5.57 and a beta of zero.29.

The enterprise additionally not too long ago introduced a quarterly dividend, which will likely be paid on Tuesday, January 16th. Shareholders of document on Tuesday, December 26th will likely be given a $zero.34 dividend. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $1.36 dividend on an annualized foundation and a yield of two.85%. Portland General Electric’s payout ratio is 59.13%.

Plenty of hedge funds have not too long ago added to or decreased their stakes within the enterprise. BlueMountain Capital Management LLC lifted its place in Portland General Electric by zero.three% within the 2nd quarter. BlueMountain Capital Management LLC now owns 5,489 shares of the utilities supplier’s inventory value $251,00zero after shopping for a further 17 shares within the final quarter. Huntington National Bank lifted its place in Portland General Electric by 1.2% within the 2nd quarter. Huntington National Bank now owns 2,809 shares of the utilities supplier’s inventory value $128,00zero after shopping for a further 34 shares within the final quarter. Trust Co. of Vermont lifted its place in Portland General Electric by zero.three% within the 2nd quarter. Trust Co. of Vermont now owns 11,889 shares of the utilities supplier’s inventory value $544,00zero after shopping for a further 41 shares within the final quarter. Teacher Retirement System of Texas lifted its place in Portland General Electric by zero.four% within the 2nd quarter. Teacher Retirement System of Texas now owns 28,167 shares of the utilities supplier’s inventory value $1,287,00zero after shopping for a further 122 shares within the final quarter. Finally, Amalgamated Bank lifted its place in Portland General Electric by 1.1% within the 2nd quarter. Amalgamated Bank now owns 11,374 shares of the utilities supplier’s inventory value $520,00zero after shopping for a further 123 shares within the final quarter. Institutional buyers personal 93.45% of the corporate’s inventory.

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Several badysis corporations not too long ago commented on POR. Williams Capital lowered shares of Portland General Electric from a “hold” score to a “sell” score and minimize their goal worth for the corporate from $44.00 to $41.00 in a badysis observe on Monday, July 24th. BidaskClub upgraded shares of Portland General Electric from a “sell” score to a “hold” score in a badysis report on Monday, July 24th. Zacks Investment Research downgraded shares of Portland General Electric from a “hold” score to a “sell” score in a badysis report on Wednesday, July 26th. J P Morgan Chase & Co upped their worth goal on shares of Portland General Electric from $47.00 to $48.00 and gave the corporate a “neutral” score in a badysis report on Monday, October 30th. Finally, Bank of America Corporation initiated protection on shares of Portland General Electric in a badysis report on Tuesday, October 24th. They issued a “neutral” score and a $45.00 worth goal for the corporate. Three badysis badysts have rated the inventory with a promote score, 5 have badigned a maintain score and one has badigned a purchase score to the inventory. Portland General Electric presently has a median score of “Hold” and a consensus worth goal of $46.00.

Portland General Electric Company Profile

Portland General Electric Company is an electrical utility that’s engaged within the wholesale buy, transmission, distribution and retail sale of electrical energy within the State of Oregon. Its service space allocation of roughly four,00zero sq. miles is positioned solely inside Oregon and consists of roughly 51 integrated cities, of which Portland and Salem.

Earnings History for Portland General Electric (NYSE:POR)




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