As of Friday close, Portland General Electric Company’s (NYSE:POR) stock was up $0.19, moving up 0.44 percent to $43.23. The average number of shares traded per day over the past five days has been 1,061,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.21 fall in that time frame. In the last twenty days, the average volume was 1,016,120, while in the previous 50 days, it was 930,552.
Since last month, POR stock retreated -1.32%. Shares of the company fell to $42.28 on 09/22/23, the lowest level in the past month. A 52-week high of $51.58 was reached on 05/08/23 after having rallying from a 52-week low of $41.58. Since the beginning of this year, POR’s stock price has dropped by -11.78% or -$5.77, and marked a new high 11 times. However, the stock has declined by -16.19% since its 52-week high.
POR stock investors should be aware that Portland General Electric Company (POR) stock had its last reported insider trading activity 29 days ago on Aug 25. Mersereau Anne Frances, the Vice President of the company, disposed of 10,891 shares for $44.16 on Aug 25. It resulted in a $480,947 divestment by the insider. Mersereau Anne Frances sold 1,071 shares at an average price of $46.83 on Aug 04. The insider now owns 17,962 shares following the transaction. On May 08, Vice President, CIO Kochavatr John Teeruk sold 3,000 shares at $51.12 apiece. The transaction was valued at $153,360.
Valuation Metrics
Right now, Portland General Electric Company (POR) has a P/E ratio of about 17.92. The stock’s beta is 0.57. Besides these, the trailing price-to-sales (P/S) ratio of 1.55, the price-to-book (PB) ratio of 1.31.
The latest dividend of $0.4750 per share was paid out, remained unchanged from last year’s $0.4750. On Friday April 21 2023, a $0.0225 dividend increase was announced.
Financial Health
In the three months ended June 29, Portland General Electric Company’s quick ratio stood at 0.70, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.18, and the total debt-to-equity ratio was 1.23. On the profitability front, the trailing twelve-month gross margin is 46.60% percent. In the year ended June 29, EBITDA margin amounted to 0.91%, whereas operating margins totaled 13.30%. Based on annual data, POR earned $397.0 million in gross profit and brought in $2.65 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.30%. Return on equity (ROE) for the past 12 months was 7.50%.
In Portland General Electric Company’s quarter-end financial report for June 29, it reported total debt of $3.49 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. POR’s revenue rose 8.8% to $748.0 million during the quarter, while net income inched up to $648.0 million. While analysts expected Portland General Electric Company to report $0.48 quarterly earnings, the actual figure was $0.39 per share, beating the consensus estimate by -18.70%. During the quarter, the company generated $194.0 million in EBITDA. The liabilities of Portland General Electric Company were 7.17 billion at the end of its most recent quarter ended June 29, and its total debt was $3.94 billion. The value of shareholders’ equity is $101.09 million.
Technical Picture
This quick technical analysis looks at Portland General Electric Company’s (POR) price momentum. With a historical volatility rate of 15.21%, the RSI 9-day stood at 38.22% on 22 September.
With respect to its five-day moving average, the current Portland General Electric Company price is down by -2.72% percent or -$1.21. At present, POR shares trade -1.44% below its 20-day simple moving average and -14.24% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.10% below its SMA50 and -10.72% below its SMA200.
Stochastic coefficient K was 32.93% and Stochastic coefficient D was 41.48%, while ATR was 0.71. Given the Stochastic reading of 34.42% for the 14-day period, the RSI (14) reading has been calculated as 39.02%. As of today, the MACD Oscillator reading stands at -0.52, while the 14-day reading stands at -0.34.
Analyst Ratings
Barclays launched its rating on Portland General Electric Company (NYSE: POR) to an Equal weight in a note to investors on August 23, 2023. Portland General Electric Company (POR) has been rated Overweight by analysts. According to 0 brokerage firms, POR is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Portland General Electric Company stock as buy, with 4 recommending it as overweight.
With a median target price of $48.50, the current consensus forecast for the stock is $43.00 – $61.00. Based on these forecasts, analysts predict Portland General Electric Company (POR) will achieve an average price target of $49.75.
