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Portland Gen Electric

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 General Electric

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Wall Street&#39;s Most Accurate Analysts Give Their Take On 3 Utilities Stocks Delivering High-Dividend Yields

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This Portland General Electric Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

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U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Thursday.

MicroStrategy, Portland General Electric And Other Big Stocks Moving Lower In Thursday&#39;s Pre-Market Session

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A look at the moves made by Viking Fund management in the third quarter, including the exits and new stakes and fund&#39;s largest positions at the end of Q3.

Viking Fund Management Sells Big Oil Stocks In Q3, Cuts Tesla Position In Half, Adds To Largest Position Broadcom

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Wall Street&#39;s Most Accurate Analysts Spotlight On 3 Utilities Stocks Delivering High-Dividend Yields

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KeyBanc Capital Markets upgrades Portland General Electric Company to Overweight from Sector Weight due to strong power demand growth and improved earnings.

Portland General Electric&#39;s Data Centers, Industry Growth Fuel Stock Upgrade

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Investors generally tend to cling to the price-to-earnings (P/E) metric while looking for bargain stocks. In addition to being a widely used tool for screening stocks, P/E is also a popular metric to work out the fair market value of a company. But even this ubiquitously used valuation multiple has a few limitations.


5 Value Stocks With Exciting EV-to-EBITDA Ratios to Snap Up

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Barclays analyst Nicholas Campanella maintains Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Equal-Weight and lowers the price target from $48 to $42.

Barclays Maintains Equal-Weight on Portland Gen Electric, Lowers Price Target to $42

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector.
<h3 class="wp-block-heading">Clearway Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWEN#NYSE">CWEN</a>)</h3>
<ul>
<li>Dividend Yield: 6.81%</li>
<li>Jefferies analyst Julien Dumoulin-Smith initiated coverage on the stock with a Buy rating and a price target of $35 on Sept. 20, 2024. This analyst has an accuracy rate of 66%.</li>
<li>Morgan Stanley analyst Robert Kad upgraded the stock from Equal-Weight to Overweight and boosted the price target from $25 to $36 on July 31, 2024. This analyst has an accuracy rate of 78%.</li>
<li>Recent News: On Nov. 25, Clearway Energy entered into binding agreement to acquire Operational Tuolumne Wind Project from Turlock Irrigation District.</li>
<li>Benzinga Pro's real-time newsfeed alerted to l<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011325&amp;t=be2bearmibe3na1">atest CWEN new</a>s. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011325&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="917" height="825" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13090815/image-72.png" alt="" class="wp-image-730561" style="width:677px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13090815/image-72.png 917w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13090815/image-72-300x270.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13090815/image-72-768x691.png 768w" sizes="(max-width: 917px) 100vw, 917px" /></a></figure>
<h3 class="wp-block-heading">Spire Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>)</h3>
<ul>
<li>Dividend Yield: 4.62%</li>
<li>Mizuho analyst Gabriel Moreen upgraded the stock from Neutral to Outperform and boosted the price target from $65 to $76 on Dec. 20, 2024. This analyst has an accuracy rate of 77%.</li>
<li>Janney Montgomery analyst Michael Gaugler initiated coverage on the stock with a Neutral rating and a price target of $73 on Dec. 17, 2024. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: On Nov. 20, Spire reported a loss for the fourth quarter.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011325&amp;t=be2bearmibe3na1"> latest SR new</a>s </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011325&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="911" height="848" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13090850/image-73.png" alt="" class="wp-image-730562" style="width:604px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13090850/image-73.png 911w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13090850/image-73-300x279.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13090850/image-73-768x715.png 768w" sizes="(max-width: 911px) 100vw, 911px" /></a></figure>
<h3 class="wp-block-heading">Portland General Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>)</h3>
<ul>
<li>Dividend Yield: 4.93%</li>
<li>B of A Securities analyst Ross Fowler maintained an Underperform rating and cut the price target from $46 to $43 on Dec. 24, 2024. This analyst has an accuracy rate of 62%.</li>
<li>Keybanc analyst Melissa Gorham maintained an Overweight rating and cut the price target from $52 to $51 on Dec. 4, 2024. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On Oct. 25, Portland Gen Electric posted upbeat quarterly results.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011325&amp;t=be2bearmibe3na1">latest POR news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011325&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="912" height="841" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13090932/image-74.png" alt="" class="wp-image-730564" style="width:585px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13090932/image-74.png 912w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13090932/image-74-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/13090932/image-74-768x708.png 768w" sizes="(max-width: 912px) 100vw, 912px" /></a></figure>
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Wall Street's Most Accurate Analysts Give Their Take On 3 Utilities Stocks Delivering High-Dividend Yields

Top Wall Street analysts initiated coverage on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>William Blair analyst Andy Hsieh initiated coverage on Elevation Oncology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELEV#NASDAQ">ELEV</a>) with an Outperform rating. Elevation Oncology shares closed at $0.5951 on Thursday. <a href="https://www.benzinga.com/quote/ELEV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>William Blair analyst Sarah Schram initiated coverage on Denali Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNLI#NASDAQ">DNLI</a>) with an Outperform rating. Denali Therapeutics shares closed at $20.84 on Thursday. <a href="https://www.benzinga.com/quote/DNLI/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying DNLI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="617" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03115137/image-2-8-1024x617.png" alt="" class="wp-image-717497" style="width:566px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03115137/image-2-8-1024x617.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03115137/image-2-8-300x181.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03115137/image-2-8-768x463.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03115137/image-2-8.png 1103w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Jefferies analyst Cassandra Lee downgraded the rating for Red Rock Resorts, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRR#NASDAQ">RRR</a>) from Buy to Hold and lowered the price target from $64 to $51. Red Rock Resorts shares closed at $44.72 on Thursday. <a href="https://www.benzinga.com/quote/RRR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan analyst Pablo Singzon downgraded TWFG, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWFG#NASDAQ">TWFG</a>) from Overweight to Neutral but raised the price target from $30 to $33. TWFG shares closed at $30.00 on Thursday.<a href="https://www.benzinga.com/quote/TWFG/analyst-ratings"> See how other analysts view this stock</a>.</li>
<li>UBS analyst Gregg Orrill downgraded the rating for Portland General Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) from Buy to Neutral and lowered the price target from $52 to $47. Portland Gen Electric shares closed at $43.21 on Thursday. <a href="https://www.benzinga.com/quote/POR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James analyst Brian Peterson downgraded the rating for RingCentral, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) from Strong Buy to Outperform and lowered the price target from $50 to $45. RingCentral shares closed at $34.83 on Thursday. <a href="https://www.benzinga.com/quote/RNG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Tasso Vasconcellos downgraded Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIST#NYSE">VIST</a>) from Buy to Neutral but raised the price target from $60 to $64. Vista Energy shares closed at $149.66 on Thursday. <a href="https://www.benzinga.com/quote/VIST/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying POR stock? Here&#8217;s what analysts think: 
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UBS analyst Gregg Orrill downgrades Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) from Buy to Neutral and lowers the price target from $52 to $47.

UBS Downgrades Portland Gen Electric to Neutral, Lowers Price Target to $47

U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Thursday.
Shares of MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) fell sharply in today's pre-market trading following the company's announcement to issue more shares to finance additional Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) acquisitions. This move aligns with MicroStrategy's ongoing strategy to <a href="https://www.benzinga.com/quote/MSTR">bolster its Bitcoin reserves</a>.
MicroStrategy shares fell 3.5% to $345.65 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>NeuroPace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NPCE#NASDAQ">NPCE</a>) shares dipped 10.1% to $10.01 in pre-market trading.</li>
<li>Delcath Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCTH#NASDAQ">DCTH</a>) declined 10% to $10.21 in pre-market trading.</li>
<li>Design Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGN#NASDAQ">DSGN</a>) fell 8.6% to $5.80 in pre-market trading.</li>
<li>Cullinan Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGEM#NASDAQ">CGEM</a>) fell 8.6% to $11.21 in pre-market trading.</li>
<li>SunCoke Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>) dipped 8.2% to $9.90 in pre-market trading.</li>
<li>Gray Television, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) fell 5.9% to $2.8505 in pre-market trading.</li>
<li>Portland General Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) slipped 2.5% to $42.69 in pre-market trading.</li>
</ul>
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MicroStrategy, Portland General Electric And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

In the current market session, Portland Gen Electric Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) share price is at $43.71, after a 0.02% increase. Moreover, over the past month, the stock fell by 8.93%, but in the past year, spiked by 0.76%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1735155908_0.png" alt="Past Year Chart" />

<h3>Portland Gen Electric P/E Ratio Analysis in Relation to Industry Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of the 24.36 in the Electric Utilities industry, Portland Gen Electric Inc. has a lower P/E ratio of 13.19. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1735155908_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

P/E Ratio Insights for Portland Gen Electric

B of A Securities analyst Ross Fowler maintains Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Underperform and lowers the price target from $46 to $43.

B of A Securities Maintains Underperform on Portland Gen Electric, Lowers Price Target to $43

Rate decision supports investments in battery storage, transmission infrastructure and maintenance to improve reliability for customers.

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Keybanc analyst Melissa Gorham maintains Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Overweight and lowers the price target from $52 to $51.

Keybanc Maintains Overweight on Portland Gen Electric, Lowers Price Target to $51

Avangrid, Portland General Electric, QTS, And Meta Partner On 120 MWac Tower Solar Project In Oregon To Support PGE's Green Future Impact Program, Delivering Clean Energy And Advancing Sustainability Goals While Creating Over 200 Local Jobs In Morrow County

A new 13F filing from Viking Fund Management reveals which companies the fund bought and sold in the third quarter, including exiting some oil companies ahead of the 2024 election.
Third Quarter Exits: Viking Fund Management sold out of eight stocks completely in the third quarter, including positions in some of the largest oil companies.
Here are the positions exited, as <a href="https://13f.info/13f/000116906924000080/compare/000116906924000006">reported </a>by 13finfo:
<ul>
<li>Marathon Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>)</li>
<li>Shell PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>)</li>
<li>SM Energy Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>)</li>
<li>Southern Copper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>)</li>
<li>Sociedad Quimica y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>)</li>
<li>Murphy USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUSA#NYSE">MUSA</a>)</li>
<li>Sanofi SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NYSE">SNY</a>)</li>
<li>Cactus Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHD#NYSE">WHD</a>)</li>
</ul>
Third Quarter New Positions: The following were the new stocks added to the fund in the third quarter, ranked in size by the dollar value at the end of the quarter.
<ul>
<li>Kodiak Gas Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGS#NYSE">KGS</a>)</li>
<li>EQT Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>)</li>
<li>HF Sinclair Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DINO#NYSE">DINO</a>)</li>
<li>Weatherford International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>)</li>
<li>NRG Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>)</li>
<li>Vertiv Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>)</li>
<li>Chart Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTLS#NYSE">GTLS</a>)</li>
<li>Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>)</li>
<li>United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>)</li>
<li>Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>)</li>
<li>Portland General Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>)</li>
<li>Restaurant Brands International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>)</li>
<li>Nutrien (NTR.TO – Canada)</li>
</ul>
 Big Moves: The fund made several changes to its existing positions alongside the new positions and exited positions.
Here are the biggest additions in the quarter to existing stakes:
<ul>
<li>Civitas Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIVI#NYSE">CIVI</a>): +16,900%</li>
<li>Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>): +882%</li>
<li>LyondellBassell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>): +400%</li>
<li>Rio Tinto PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>): +386%</li>
<li>Dow Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>): +200%</li>
</ul>
Here are the biggest position cuts during the quarter to existing stakes:
<ul>
<li>Texas Pacific Land (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>): -60%</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): -50%</li>
<li>Haliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>): -40%</li>
<li>ExxonMobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>): -36%</li>
<li>Ovintiv (OVV.TO – Canada): -33%</li>
</ul>
Why It's Important: At the end of the quarter, these are the fund's largest positions ranked by dollar value and the percentage they make up of the fund:
<ul>
<li>Broadcom: $27.96 million, 4.5%</li>
<li>AbbVie Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>): $24.88 million, 4.0%</li>
<li>NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>): $22.65 million, 3.7%</li>
<li>Entergy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>): $16.27 million, 2.6%</li>
<li>BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>): $14.24 million, 2.3%</li>
</ul>
The fund added significantly to its position in Broadcom, which remains the largest holding.
The quarter saw the sale of several oil stocks, but the fund opened new positions in several energy names in the quarter.
Photo: Shutterstock

Barclays analyst Nicholas Campanella maintains Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Equal-Weight and lowers the price target from $49 to $48.

Barclays Maintains Equal-Weight on Portland Gen Electric, Lowers Price Target to $48

Guidance

Portland General Electric Narrows 2024 Adjusted EPS Outlook To $3.08 -$3.18 from $2.98 - $3.18 Vs. $3.08 Consensus

Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) reported quarterly earnings of $0.90 per share which beat the analyst consensus estimate of $0.73 by 23.29 percent. The company reported quarterly sales of $942.000 million which beat the analyst consensus estimate of $859.775 million by 9.56 percent. This is a 17.60 percent increase over sales of $801.000 million the same period last year.

Earnings Beats

Portland Gen Electric Q3 2024 GAAP EPS $0.90 Beats $0.73 Estimate, Sales $942.000M Beat $859.775M Estimate

Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) will release its quarterly earnings report on Friday, 2024-10-25. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Portland Gen Electric to report an earnings per share (EPS) of $0.60.
Investors in Portland Gen Electric are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings Track Record</h3>
During the last quarter, the company reported an EPS beat by $0.07, leading to a 0.0% drop in the share price on the subsequent day.
Here's a look at Portland Gen Electric's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.62</td>
<td>1.09</td>
<td>0.88</td>
<td>0.54</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.69</td>
<td>1.21</td>
<td>0.67</td>
<td>0.46</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>-1.0%</td>
<td>0.0%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729782025_0.png" alt="eps graph" />
<h3>Portland Gen Electric Share Price Analysis</h3>
Shares of Portland Gen Electric were trading at $49.0 as of October 23. Over the last 52-week period, shares are up 23.89%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analysts' Perspectives on Portland Gen Electric</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Portland Gen Electric.
Analysts have provided Portland Gen Electric with 5 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $50.6, suggesting a potential 3.27% upside.
<h3>Peer Ratings Overview</h3>
The analysis below examines the analyst ratings and average 1-year price targets of Idacorp, TXNM Energy and MGE Energy, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<ul>
<li>For Idacorp, analysts project an Neutral trajectory, with an average 1-year price target of $107.5, indicating a potential 119.39% upside.</li>
<li>As per analysts' assessments, TXNM Energy is favoring an Outperform trajectory, with an average 1-year price target of $47.75, suggesting a potential 2.55% downside.</li>
<li>As per analysts' assessments, MGE Energy is favoring an Underperform trajectory, with an average 1-year price target of $72.5, suggesting a potential 47.96% upside.</li>
</ul>
<h3>Summary of Peers Analysis</h3>
Within the peer analysis summary, vital metrics for Idacorp, TXNM Energy and MGE Energy are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Portland Gen Electric</td>
<td>Neutral</td>
<td>16.98%</td>
<td>$483M</td>
<td>2.07%</td>
</tr>
<tr>
<td>Idacorp</td>
<td>Neutral</td>
<td>8.99%</td>
<td>$104.02M</td>
<td>2.93%</td>
</tr>
<tr>
<td>TXNM Energy</td>
<td>Outperform</td>
<td>2.29%</td>
<td>$308.81M</td>
<td>2.02%</td>
</tr>
<tr>
<td>MGE Energy</td>
<td>Underperform</td>
<td>-1.54%</td>
<td>$62.60M</td>
<td>2.05%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Portland Gen Electric is positioned in the middle among its peers for revenue growth. It ranks at the bottom for gross profit. The company is at the top for return on equity.
<h3>Delving into Portland Gen Electric's Background</h3>
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.
<h3>Financial Milestones: Portland Gen Electric's Journey</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Portland Gen Electric's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 16.98% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Utilities sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 9.5%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Portland Gen Electric's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.07% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.62%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.36, caution is advised due to increased financial risk.
<a href="https://www.benzinga.com/quote/POR/earnings">To track all earnings releases for Portland Gen Electric visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Portland Gen Electric's Earnings: A Preview

JP Morgan analyst Richard Sunderland maintains Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Overweight and raises the price target from $54 to $55.

JP Morgan Maintains Overweight on Portland Gen Electric, Raises Price Target to $55

Evercore ISI Group analyst Michael Lonegan initiates coverage on Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Outperform rating and announces Price Target of $54.

Evercore ISI Group Initiates Coverage On Portland Gen Electric with Outperform Rating, Announces Price Target of $54

Jefferies analyst Julien Dumoulin-Smith initiates coverage on Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Hold rating and announces Price Target of $48.

Jefferies Initiates Coverage On Portland Gen Electric with Hold Rating, Announces Price Target of $48

Barclays analyst Nicholas Campanella downgrades Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) from Overweight to Equal-Weight and raises the price target from $48 to $49.

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