Portland General Electric (NYSE:POR) issued an update on its FY18 earnings guidance on Friday morning. The company provided earnings per share guidance of $2.10-2.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.30.

Shares of Portland General Electric (NYSE POR) traded up $0.28 during trading on Friday, hitting $41.20. 1,380,000 shares of the stock were exchanged, compared to its average volume of 889,223. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 0.95. Portland General Electric has a 52-week low of $39.40 and a 52-week high of $50.11. The stock has a market cap of $3,670.00, a P/E ratio of 6.99, a P/E/G ratio of 5.06 and a beta of 0.19.

Portland General Electric (NYSE:POR) last issued its quarterly earnings data on Friday, February 16th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Portland General Electric had a net margin of 10.21% and a return on equity of 8.65%. The firm had revenue of $515.00 million for the quarter, compared to the consensus estimate of $514.60 million. During the same quarter in the previous year, the firm earned $0.68 EPS. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. equities research analysts expect that Portland General Electric will post 2.27 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, March 26th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Friday, March 23rd. Portland General Electric’s payout ratio is currently 23.09%.

A number of research analysts have recently issued reports on POR shares. Zacks Investment Research raised shares of Portland General Electric from a sell rating to a hold rating in a research report on Tuesday, December 26th. Mizuho started coverage on shares of Portland General Electric in a research report on Wednesday. They issued a buy rating and a $43.50 price objective on the stock. JPMorgan Chase & Co. cut their price objective on shares of Portland General Electric from $48.00 to $42.00 and set a neutral rating on the stock in a research report on Thursday, January 25th. Wells Fargo & Co set a $42.00 price objective on shares of Portland General Electric and gave the stock a hold rating in a research report on Tuesday. Finally, Guggenheim reissued a hold rating and set a $48.00 target price on shares of Portland General Electric in a research report on Wednesday, January 3rd. Five analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $44.17.

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About Portland General Electric

Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. Its service area allocation of approximately 4,000 square miles is located entirely within Oregon and includes approximately 51 incorporated cities, of which Portland and Salem.

Earnings History and Estimates for Portland General Electric (NYSE:POR)

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