Portland General Electric
About: Portland General Electric is a regulated electric utility providing generation, transmission, and distribution services in a service territory that includes about half of all Oregon residents and two thirds of the state's business activity. The company owns (wholly or through joint ventures) 3.5 gigawatts of gas, coal, wind, and hydro generation.
Employees: 2,842
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
58% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 40
28% more repeat investments, than reductions
Existing positions increased: 173 | Existing positions reduced: 135
7% more capital invested
Capital invested by funds: $4.7B [Q2] → $5.02B (+$317M) [Q3]
6% more funds holding
Funds holding: 405 [Q2] → 428 (+23) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]
3.86% less ownership
Funds ownership: 105.72% [Q2] → 101.86% (-3.86%) [Q3]
48% less call options, than puts
Call options by funds: $3.66M | Put options by funds: $7.11M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$48
9%
upside
Avg. target
$52
18%
upside
High target
$55
25%
upside
4 analyst ratings
3 positive
75%
1 neutral
25%
0 negative
0%
Keybanc Melissa Gorham 0% 1-year accuracy 0 / 1 met price target | 16%upside $51 | Overweight Maintained | 4 Dec 2024 |
Barclays Nicholas Campanella 63% 1-year accuracy 45 / 71 met price target | 9%upside $48 | Equal-Weight Maintained | 29 Oct 2024 |
JP Morgan Richard Sunderland 60% 1-year accuracy 3 / 5 met price target | 25%upside $55 | Overweight Maintained | 23 Oct 2024 |
Evercore ISI Group Michael Lonegan 0% 1-year accuracy 0 / 4 met price target | 23%upside $54 | Outperform Initiated | 25 Sept 2024 |
Financial journalist opinion
Based on 4 articles about POR published over the past 30 days
Neutral
PRNewsWire
10 hours ago
PGE receives decision from Oregon Public Utility Commission in 2025 rate review
Rate decision supports investments in battery storage, transmission infrastructure and maintenance to improve reliability for customers. PORTLAND, Ore.
Positive
Kiplinger
1 week ago
The Best Utility Stocks to Buy
Utility stocks are defensive plays for investors, offering stability and reliable dividends. Here, we look at how you can find the best ones to buy.
Positive
Zacks Investment Research
2 weeks ago
Avangrid, Portland General Electric Ink PPA for 120MWac Solar Project
AGR and Portland General Electric sign a power purchase agreement for a 120-MWac solar project in Oregon.
Neutral
Business Wire
2 weeks ago
Avangrid and Portland General Electric Collaborate with QTS and Meta to Build 120 MWac Solar Project in Oregon
PORTLAND, Ore.--(BUSINESS WIRE)--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, and Portland General Electric (PGE) (NYSE: POR), are announcing the signing of a Power Purchase Agreement (PPA) for Tower Solar, a new 120 MWac (166 MWdc) solar energy project now under construction in Morrow County, Oregon, in collaboration with QTS and Meta. The facility will deliver clean, renewable energy to Portland General Electric's grid through Green Futur.
Positive
Zacks Investment Research
1 month ago
POR vs. CNP: Which Stock Is the Better Value Option?
Investors interested in stocks from the Utility - Electric Power sector have probably already heard of Portland General Electric (POR) and CenterPoint Energy (CNP). But which of these two stocks presents investors with the better value opportunity right now?
Positive
Zacks Investment Research
1 month ago
Is Portland General Electric (POR) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Neutral
PRNewsWire
1 month ago
Portland General Electric's new wind farm contributes to record-high wind generation for Oregon customers
The Clearwater Wind Energy Center helped PGE generate more than one gigawatt of power from wind sources alone for the first time in company history PORTLAND, Ore. , Nov. 13, 2024 /PRNewswire/ -- In its first ten months serving PGE customers, the Clearwater Wind Energy Center contributed to new records for PGE wind generation, including helping the company produce one gigawatt of power from wind sources alone – a new milestone.
Neutral
Seeking Alpha
1 month ago
Portland General Electric Company (POR) Q3 2024 Earnings Call Transcript
Portland General Electric Company (NYSE:POR ) Q3 2024 Earnings Conference Call October 25, 2024 11:00 AM ET Company Participants Nick White - Manager, Investor Relations Maria Pope - President and Chief Executive Officer Joe Trpik - Senior Vice President Finance and Chief Financial Officer Conference Call Participants Richard Sunderland - JPMorgan Shar Pourreza - Guggenheim Partners Nicholas Campanella - Barclays Michael Lonegan - Evercore ISI Travis Miller - Morningstar Inc Anthony Crowdell - Mizuho Chris Ellinghaus - Siebert Williams Shank. Paul Fremont - Ladenburg Thalmann & Co. Inc. Operator Good morning, everyone, and welcome to Portland General Electric Company's Third Quarter 2024 Earnings Results Conference Call.
Positive
Zacks Investment Research
1 month ago
Portland General Electric (POR) Beats Q3 Earnings and Revenue Estimates
Portland General Electric (POR) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.46 per share a year ago.
Neutral
PRNewsWire
1 month ago
Portland General Electric Announces Third Quarter 2024 Results
Third quarter results reflect improved power cost conditions and continued robust demand growth from high-tech and data center customers Narrowing 2024 adjusted earnings guidance from $2.98 to $3.18 to a revised range of between $3.08 and $3.18 per diluted share to reflect year-to-date performance PORTLAND, Ore. , Oct. 25, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $94 million, or $0.90 per diluted share, for the third quarter of 2024.
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