The stock price of Portland General Electric Co (NYSE: POR) has plunged by -1.67 when compared to previous closing price of 42.01, but the company has seen a 2.00% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-28 that Investors looking for stocks in the Utility – Electric Power sector might want to consider either Portland General Electric (POR) or American Electric Power (AEP). But which of these two companies is the best option for those looking for undervalued stocks?
Is It Worth Investing in Portland General Electric Co (NYSE: POR) Right Now?
Portland General Electric Co (NYSE: POR) has a price-to-earnings ratio that is above its average at 17.68x. The stock has a 36-month beta value of 0.59. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for POR is 100.66M, and at present, short sellers hold a 4.86% of that float. On April 04, 2024, the average trading volume of POR was 975.03K shares.
POR’s Market Performance
POR stock saw an increase of 2.00% in the past week, with a monthly gain of 1.32% and a quarterly increase of -6.60%. The volatility ratio for the week is 1.61%, and the volatility levels for the last 30 days are 1.68% for Portland General Electric Co (POR). The simple moving average for the last 20 days is 0.20% for POR stock, with a simple moving average of -3.79% for the last 200 days.
Analysts’ Opinion of POR
Many brokerage firms have already submitted their reports for POR stocks, with BofA Securities repeating the rating for POR by listing it as a “Neutral.” The predicted price for POR in the upcoming period, according to BofA Securities is $43 based on the research report published on February 05, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see POR reach a price target of $45, previously predicting the price at $47. The rating they have provided for POR stocks is “Buy” according to the report published on January 29th, 2024.
Barclays gave a rating of “Overweight” to POR, setting the target price at $47 in the report published on December 11th of the previous year.
POR Trading at 1.20% from the 50-Day Moving Average
After a stumble in the market that brought POR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.91% of loss for the given period.
Volatility was left at 1.68%, however, over the last 30 days, the volatility rate increased by 1.61%, as shares surge +2.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.02% upper at present.
During the last 5 trading sessions, POR rose by +2.00%, which changed the moving average for the period of 200-days by -15.43% in comparison to the 20-day moving average, which settled at $41.27. In addition, Portland General Electric Co saw -4.68% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at POR starting from Bekkedahl Larry Neal, who sale 2,027 shares at the price of $40.26 back on Feb 15 ’24. After this action, Bekkedahl Larry Neal now owns 28,765 shares of Portland General Electric Co, valued at $81,607 using the latest closing price.
Mersereau Anne Frances, the Vice President of Portland General Electric Co, sale 440 shares at $40.03 during a trade that took place back on Feb 14 ’24, which means that Mersereau Anne Frances is holding 9,269 shares at $17,613 based on the most recent closing price.
Stock Fundamentals for POR
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.53 for the gross margin
The net margin for Portland General Electric Co stands at 0.08. The total capital return value is set at 0.04. Equity return is now at value 7.48, with 2.05 for asset returns.
Based on Portland General Electric Co (POR), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.25. The interest coverage ratio of the stock is 2.34.
Currently, EBITDA for the company is 921.0 million with net debt to EBITDA at 5.01. When we switch over and look at the enterprise to sales, we see a ratio of 2.95. The receivables turnover for the company is 7.06for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.84.
Conclusion
To sum up, Portland General Electric Co (POR) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
