The price-to-earnings ratio for Portland General Electric Co (NYSE: POR) is above average at 17.43x. The 36-month beta value for POR is also noteworthy at 0.59. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
The public float for POR is 100.66M, and at present, short sellers hold a 5.06% of that float. The average trading volume of POR on April 12, 2024 was 959.11K shares.
POR) stock’s latest price update
Portland General Electric Co (NYSE: POR) has seen a rise in its stock price by 0.07 in relation to its previous close of 40.69. However, the company has experienced a -1.45% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-10 that Portland General Electric earnings have faced interest rate headwinds in recent years. Nevertheless, Portland General Electric has had decent load growth over the years and management expects further load growth in the future, particularly in the industrial electricity segment. Given the strong industrial load growth, I think Portland General Electric has a substantial opportunity to expand its regulated rate base that could help its earnings.
POR’s Market Performance
Portland General Electric Co (POR) has seen a -1.45% fall in stock performance for the week, with a -2.09% decline in the past month and a -6.65% plunge in the past quarter. The volatility ratio for the week is 1.59%, and the volatility levels for the past 30 days are at 1.66% for POR. The simple moving average for the past 20 days is -1.34% for POR’s stock, with a -4.74% simple moving average for the past 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 -0.52% 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 -21.05% of loss for the given period.
Volatility was left at 1.66%, however, over the last 30 days, the volatility rate increased by 1.59%, as shares sank -1.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.24% lower at present.
During the last 5 trading sessions, POR fell by -1.45%, which changed the moving average for the period of 200-days by -13.40% in comparison to the 20-day moving average, which settled at $41.24. In addition, Portland General Electric Co saw -6.05% 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 2.93. 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
In summary, Portland General Electric Co (POR) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
