The stock of Portland General Electric Company (NYSE:POR) increased by $0.51 on Friday to finish at $47.13, up 1.09 percent. The last five days have seen an average of 665,820 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$1.87. The average number of shares traded over the last 20 days was 760,135, while the average volume over the last 50 days totaled 874,544.
POR stock dropped -0.90% since last month. On 07/18/23, the company’s shares reached a one-month low of $45.84. The stock touched a high of $56.37 on 05/08/23, after rallying from a low of $41.58 in 52 weeks. The price of POR stock has declined by -3.82% or -$1.87 this year, reaching a new high 11 times. Still, the stock price is down -16.39% from the 52-week high.
Insider Transactions
POR stock investors should be aware that Portland General Electric Company (POR) stock had its last reported insider trading activity 10 days ago on Aug 04. On Aug 04, Vice President Mersereau Anne Frances sold 1,071 shares at $46.83 each. This transaction resulted in the insider making $50,155. On May 08, Kochavatr John Teeruk sold 3,000 shares at a price of US$51.12. After the transaction, the insider now owns 15,489 shares. Vice President Sims Brett Michael had earlier sold 2,050 shares on Mar 09 for $47.00 a share. The transaction was completed for $96,350.
Valuation Metrics
Portland General Electric Company (POR) has a trailing price-to-earnings (P/E) ratio of 19.53. Beta for the stock is 0.56. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.67, the price-to-book (PB) ratio of 1.43.
Company paid $0.4750 per share in dividends, remained unchanged from $0.4750 last year.
Financial Health
For the three months ended June 29, Portland General Electric Company’s quick ratio was 0.70, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.18, and the total debt to equity ratio is 1.23. As far as profitability goes, gross margin for the trailing twelve months is 46.60% percent. Portland General Electric Company’s EBITDA margin for the year ended June 29 was 0.91%, whereas its operating margin stood at 13.30% for the same period. Based on annual data, it had gross profit of $397.0 million and revenue of $2.65 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. POR’s return on assets (ROA) during the last 12 months has been 2.20%. There was a 5.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 7.50%.
Earnings Surprise
According to Portland General Electric Company’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $648.0 million, while revenues rose by 8.8% to $748.0 million. It was predicted that Portland General Electric Company’s quarterly earnings would be $0.39, but it ended up being $0.48, beating the consensus by -18.70%. EBITDA was $194.0 million for the quarter. At the end of Portland General Electric Company’s most recent quarter ended June 29, its liabilities totaled 7.17 billion, while its total debt was $3.94 billion. Equity owned by shareholders amounts to $101.09 million.
Technical Picture
Here’s a quick look at Portland General Electric Company’s (POR) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 47.07%, suggesting the stock is Neutral, with a 13.59% historical volatility rate.
The stochastic %K and %D were 19.64% and 20.02% respectively, while the average true range (ATR) was 0.87. Based on the 14-day stochastic reading of 25.57%, the RSI (14) reading is 46.79%. On the 9-day MACD Oscillator, the stock is at -0.14, and the 14-day reading is at -0.54.
Analyst Ratings
Portland General Electric Company (NYSE: POR) was downgraded by Guggenheim to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Portland General Electric Company (POR) an Overweight rating. POR is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is POR’s price target for the next 12 months?
The current consensus forecast for the stock is between $48.00 and $61.00, with a median target price of $52.50. In analyzing these forecasts, the average price target given by analysts for Portland General Electric Company (POR) is $52.83.
