We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Reasons to Add Portland General Electric (POR) in Portfolio
Read MoreHide Full Article
Earnings estimates for Portland General Electric Company (POR - Free Report) have moved up 2.95% and 4.71% to $2.44 and $2.56 per share for 2019 and 2020 on a year-over-year basis, respectively.
Portland General Electric engages in the generation, wholesale purchase, transmission, distribution and retail sale of electricity in the state of Oregon.
Let’s focus on the factors that make Portland General Electric an appropriate investment option at the moment.
Price Movement
In the past 12 months, Portland General Electric’s shares have rallied 27.5% compared with the industry’s rise of 11.1%.
Earnings & Surprise History
The company delivered fourth-quarter 2018 operating earnings of 55 cents per share, which beat the Zacks Consensus Estimate by a penny. The company’s average four-quarter positive earnings surprise is 13.01%.
Long-Term Growth & Dividend Yield
The company’s long-term (3 to 5 years) earnings growth is pegged at 4.10%.
Currently, the company has a dividend yield of 2.81% compared with the Zacks S&P 500 Composite’s 1.94%.
Debt/Capital
The company’s current debt to capital ratio is pegged at 46.50% compared with the industry’s 50.55%.
Renewable Energy Focus
The company focuses on reducing carbon emission and has chosen renewable sources like solar, wind and water to generate cleaner energy. Portland General Electric’s aims to lower GHG emissions by more than 80% by 2050. The company plans to invest $2,735 million over 2019-2023, which includes the plan to add 100 megawatt of wind generation at Wheatridge Renewable Energy Facility.
Some other top-ranked stocks from the same industry are IDACORP, Inc (IDA - Free Report) , The Southern Company (SO - Free Report) and Algonquin Power & Utilities Corp. (AQN - Free Report) , each holding a Zacks Rank of 2.
IDACORP pulled off an average positive earnings surprise of 9.60% in the last four quarters. The company’s long-term earnings growth is pegged at 4%
The Southern Company pulled off an average positive earnings surprise of 7.85% in the last four quarters. The company’s long-term earnings growth is pegged at 4.50%.
Algonquin Power & Utilities delivered an average positive earnings surprise of 22.48% in the last four quarters. The company’s long-term earnings growth is pegged at 10.40%.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
Image: Bigstock
Reasons to Add Portland General Electric (POR) in Portfolio
Earnings estimates for Portland General Electric Company (POR - Free Report) have moved up 2.95% and 4.71% to $2.44 and $2.56 per share for 2019 and 2020 on a year-over-year basis, respectively.
Portland General Electric engages in the generation, wholesale purchase, transmission, distribution and retail sale of electricity in the state of Oregon.
Let’s focus on the factors that make Portland General Electric an appropriate investment option at the moment.
Price Movement
In the past 12 months, Portland General Electric’s shares have rallied 27.5% compared with the industry’s rise of 11.1%.
Earnings & Surprise History
The company delivered fourth-quarter 2018 operating earnings of 55 cents per share, which beat the Zacks Consensus Estimate by a penny. The company’s average four-quarter positive earnings surprise is 13.01%.
Long-Term Growth & Dividend Yield
The company’s long-term (3 to 5 years) earnings growth is pegged at 4.10%.
Currently, the company has a dividend yield of 2.81% compared with the Zacks S&P 500 Composite’s 1.94%.
Debt/Capital
The company’s current debt to capital ratio is pegged at 46.50% compared with the industry’s 50.55%.
Renewable Energy Focus
The company focuses on reducing carbon emission and has chosen renewable sources like solar, wind and water to generate cleaner energy. Portland General Electric’s aims to lower GHG emissions by more than 80% by 2050. The company plans to invest $2,735 million over 2019-2023, which includes the plan to add 100 megawatt of wind generation at Wheatridge Renewable Energy Facility.
Zacks Rank & Other Key Picks
Portland General Electric currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some other top-ranked stocks from the same industry are IDACORP, Inc (IDA - Free Report) , The Southern Company (SO - Free Report) and Algonquin Power & Utilities Corp. (AQN - Free Report) , each holding a Zacks Rank of 2.
IDACORP pulled off an average positive earnings surprise of 9.60% in the last four quarters. The company’s long-term earnings growth is pegged at 4%
The Southern Company pulled off an average positive earnings surprise of 7.85% in the last four quarters. The company’s long-term earnings growth is pegged at 4.50%.
Algonquin Power & Utilities delivered an average positive earnings surprise of 22.48% in the last four quarters. The company’s long-term earnings growth is pegged at 10.40%.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>