Portland General Electric Co (NYSE: POR)’s stock price has gone decline by -1.48 in comparison to its previous close of 47.19, however, the company has experienced a -1.92% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-10-25 that Portland General Electric Company (NYSE:POR ) Q3 2024 Earnings Conference Call October 25, 2024 11:00 AM ET Company Participants Nick White – Manager, Investor Relations Maria Pope – President and Chief Executive Officer Joe Trpik – Senior Vice President Finance and Chief Financial Officer Conference Call Participants Richard Sunderland – JPMorgan Shar Pourreza – Guggenheim Partners Nicholas Campanella – Barclays Michael Lonegan – Evercore ISI Travis Miller – Morningstar Inc Anthony Crowdell – Mizuho Chris Ellinghaus – Siebert Williams Shank. Paul Fremont – Ladenburg Thalmann & Co. Inc. Operator Good morning, everyone, and welcome to Portland General Electric Company’s Third Quarter 2024 Earnings Results Conference Call.
Is It Worth Investing in Portland General Electric Co (NYSE: POR) Right Now?
Portland General Electric Co (NYSE: POR) has a higher price-to-earnings ratio of 13.90x compared to its average ratio, The 36-month beta value for POR is at 0.61. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 as “hold,” and 1 as “sell.”
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The public float for POR is 104.92M, and currently, shorts hold a 3.41% of that float. The average trading volume for POR on November 08, 2024 was 896.81K shares.
POR’s Market Performance
POR’s stock has seen a -1.92% decrease for the week, with a 0.87% rise in the past month and a 0.26% gain in the past quarter. The volatility ratio for the week is 2.07%, and the volatility levels for the past 30 days are at 1.67% for Portland General Electric Co The simple moving average for the last 20 days is -2.61% for POR’s stock, with a simple moving average of 4.78% for the last 200 days.
Analysts’ Opinion of POR
Many brokerage firms have already submitted their reports for POR stocks, with Evercore ISI repeating the rating for POR by listing it as a “Outperform.” The predicted price for POR in the upcoming period, according to Evercore ISI is $54 based on the research report published on September 25, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see POR reach a price target of $48. The rating they have provided for POR stocks is “Hold” according to the report published on September 20th, 2024.
Barclays gave a rating of “Equal Weight” to POR, setting the target price at $49 in the report published on September 18th of the current year.
POR Trading at -2.59% 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 -6.74% of loss for the given period.
Volatility was left at 1.67%, however, over the last 30 days, the volatility rate increased by 2.07%, as shares surge +1.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.35% lower at present.
During the last 5 trading sessions, POR fell by -1.92%, which changed the moving average for the period of 200-days by +16.40% in comparison to the 20-day moving average, which settled at $47.74. In addition, Portland General Electric Co saw 7.27% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at POR starting from Bekkedahl Larry Neal, who sale 2,000 shares at the price of $47.17 back on Nov 06 ’24. After this action, Bekkedahl Larry Neal now owns 26,765 shares of Portland General Electric Co, valued at $94,340 using the latest closing price.
Bekkedahl Larry Neal, the Officer of Portland General Electric Co, proposed sale 2,000 shares at $47.18 during a trade that took place back on Nov 06 ’24, which means that Bekkedahl Larry Neal is holding shares at $94,364 based on the most recent closing price.
Stock Fundamentals for POR
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.35 for the gross margin
The net margin for Portland General Electric Co stands at 0.11. The total capital return value is set at 0.04. Equity return is now at value 9.91, with 3.05 for asset returns.
Based on Portland General Electric Co (POR), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 1.22. The interest coverage ratio of the stock is 2.06.
Currently, EBITDA for the company is 921.0 million with net debt to EBITDA at 4.81. When we switch over and look at the enterprise to sales, we see a ratio of 2.89. The receivables turnover for the company is 7.02for trailing twelve months and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.
Conclusion
In conclusion, Portland General Electric Co (POR) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
