Williams Capital Weighs in on Portland General Electric Company’s FY2017 Earnings (POR)

Portland General Electric Company (NYSE:POR) – Williams Capital raised their FY2017 EPS estimates for Portland General Electric in a report issued on Tuesday. Williams Capital analyst C. Ellinghaus now expects that the utilities provider will post earnings per share of $2.23 for the year, up from their prior estimate of $2.21. Williams Capital has a “Sell” rating and a $41.00 price target on the stock. Williams Capital also issued estimates for Portland General Electric’s Q4 2017 earnings at $0.66 EPS and Q2 2018 earnings at $0.42 EPS.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.08). The firm had revenue of $449.00 million for the quarter, compared to analysts’ expectations of $465.70 million. Portland General Electric had a net margin of 10.06% and a return on equity of 8.48%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 EPS. ILLEGAL ACTIVITY NOTICE: This article was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://www.chaffeybreeze.com/2017/09/21/williams-capital-weighs-in-on-portland-general-electric-companys-fy2017-earnings-por.html.

A number of other equities analysts also recently issued reports on POR. Zacks Investment Research raised Portland General Electric from a “sell” rating to a “hold” rating in a research report on Thursday. BidaskClub raised Portland General Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Finally, KeyCorp restated a “hold” rating on shares of Portland General Electric in a research note on Friday, September 1st. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Portland General Electric has a consensus rating of “Hold” and an average price target of $42.00.

Institutional investors have recently bought and sold shares of the stock. Huntington National Bank grew its holdings in Portland General Electric by 1.2% during the second quarter. Huntington National Bank now owns 2,809 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 34 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new stake in Portland General Electric in the second quarter valued at approximately $141,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Portland General Electric by 52.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,906 shares of the utilities provider’s stock valued at $178,000 after purchasing an additional 1,352 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Portland General Electric in the second quarter valued at approximately $202,000. Finally, BlueMountain Capital Management LLC grew its holdings in Portland General Electric by 0.3% in the second quarter. BlueMountain Capital Management LLC now owns 5,489 shares of the utilities provider’s stock valued at $251,000 after purchasing an additional 17 shares during the period. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, September 25th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Friday, September 22nd. Portland General Electric’s dividend payout ratio (DPR) is 60.71%.

About Portland General Electric

Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. Its service area allocation of approximately 4,000 square miles is located entirely within Oregon and includes approximately 51 incorporated cities, of which Portland and Salem.

Earnings History and Estimates for Portland General Electric (NYSE:POR)

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