Portland General Electric raises dividend by 5.3%
Seeking Alpha News (Mon, 22-Apr 10:20 AM ET)
Portland General Electric declares dividend
PRNewswire (Fri, 19-Apr 6:00 PM ET)
Portland General Electric schedules earnings release and conference call for Friday, April 26
PRNewswire (Tue, 26-Mar 6:00 PM ET)
PRNewswire (Thu, 21-Mar 2:50 PM ET)
PGE outlines progress and purpose in 2023 Environmental, Social and Governance report
PRNewswire (Wed, 6-Mar 7:18 PM ET)
Portland General Electric announces 2023 financial results and initiates 2024 earnings guidance
PRNewswire (Fri, 16-Feb 5:00 AM ET)
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.
Portland Gen Electric trades on the NYSE stock market under the symbol POR.
As of April 23, 2024, POR stock price climbed to $43.64 with 237,480 million shares trading.
POR has a beta of 0.45, meaning it tends to be less sensitive to market movements. POR has a correlation of 0.08 to the broad based SPY ETF.
POR has a market cap of $4.41 billion. This is considered a Mid Cap stock.
Last quarter Portland Gen Electric reported $720 million in Revenue and $.67 earnings per share. This fell short of revenue expectation by $-28 million and missed earnings estimates by -$.21.
In the last 3 years, POR stock traded as high as $57.03 and as low as $38.01.
The top ETF exchange traded funds that POR belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.
POR stock has underperformed the market in the last year with a return of -9.9%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in POR shares. However, POR has outperformed the market in the last 3 month and 2 week periods, returning +10.0% and +4.8%, while SPY returned +4.9% and -2.5%, respectively. This indicates POR has been having a stronger performance recently.
POR support price is $42.69 and resistance is $43.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that POR stock will trade within this expected range on the day.