Revised Analyst Expectations for Portland General Electric
Key Insights on Portland General Electric
Portland General Electric Company (NYSE: POR) is set to unveil its fourth-quarter financial performance soon.
Analyst Earnings Projections
Expectations are for the company to announce quarterly earnings of 35 cents per share. This marks a decline when compared to last year's earnings of 67 cents per share. Revenue projections are around $663.32 million, which is notably lower than the $725 million reported in the previous year.
Dividend Declaration by the Board
In an important financial decision, the board of directors has declared a quarterly common stock dividend of 50 cents per share.
Stock Performance Overview
Recently, shares of Portland General Electric have seen a marginal increase of 0.7%, closing at $42.12.
Analysts' Ratings and Price Target Adjustments
Various analysts have recently provided their ratings and adjusted price targets for POR stock:
Jefferies Analyst Insights
Jefferies analyst Julien Dumoulin-Smith holds a Hold rating and has decreased the price target from $47 to $42 as of January.
Barclays' Position on the Stock
Barclays analyst Nicholas Campanella has also maintained an Equal-Weight rating while lowering the price target from $48 to $42.
B of A Securities Update
B of A Securities analyst Ross Fowler has positioned the stock as Underperform and reduced the price target from $46 to $43.
Keybanc Analysis
Keybanc’s Melissa Gorham has an Overweight rating with a slight cut in the price target from $52 to $51.
JP Morgan's Revised Outlook
Lastly, JP Morgan analyst Richard Sunderland has increased the price target from $54 to $55 while maintaining an Overweight stance.
Final Thoughts on POR Stock
As analysts weigh in on Portland General Electric, potential investors may want to assess these changing ratings and price targets, particularly with the company's promising dividend declaration and upcoming earnings report.
Frequently Asked Questions
1. When will Portland General Electric report earnings?
The earnings report is expected to be released shortly, providing insights into the company’s fourth-quarter performance.
2. What is the expected earnings per share for POR?
Analysts are anticipating an earnings per share of 35 cents for the upcoming quarter.
3. How has the stock performed lately?
Recently, the stock has seen a modest increase of about 0.7%, with shares closing at $42.12.
4. What is the current dividend for Portland General Electric?
The board has declared a quarterly dividend of 50 cents per share.
5. Which analysts have adjusted their ratings on POR?
Multiple analysts, including those from Jefferies, Barclays, and JP Morgan, have updated their price targets and ratings on Portland General Electric recently.
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