POR Stock Summary and Trading Ideas (Portland Gen Electric | NYSE:POR)

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 18, 2024, POR stock price climbed to $41.74 with 835,768 million shares trading.

POR has a beta of 0.63, meaning it tends to be less sensitive to market movements. POR has a correlation of 0.15 to the broad based SPY ETF.

POR has a market cap of $4.22 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 has underperformed the market in the last year with a return of -12.8%, while the SPY ETF gained +22.3%. In the last 3 month period, POR fell short of the market, returning +3.7%, while SPY returned +6.1%. However, in the most recent 2 weeks POR has outperformed the stock market by returning +1.0%, while SPY returned -3.8%.

POR support price is $40.45 and resistance is $41.51 (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.