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4 Reasons to Add Portland General Electric to Your Portfolio
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Portland General Electric Company (POR - Free Report) is benefiting from its focus on delivering safe, clean and reliable energy to customers. The company’s residential customers account for more than 50% of its retail revenues.
Nearly 81% of the utility’s electricity supply is generated from clean sources like natural gas, hydro, wind and solar power. It has a target set to exit coal-fired generation by 2030.
The Zacks Consensus Estimate for 2020 earnings stands at $2.41 per share while the same for revenues is pegged at $2.13 billion, implying a respective improvement of 0.84% and 0.25% from the prior-year reported figures.
The Zacks Consensus Estimate for 2021 earnings stands at $2.61 per share while the same for revenues is pegged at $2.18 billion, implying a respective improvement of 8.30% and 2.34% from the prior-year reported figures.
Surprise History & Long-Term Earnings Growth
Portland General Electric’s trailing four-quarter earnings surprise is 7.74%, on average.
Its long-term (three to five years) earnings growth rate is currently projected at 5.14%.
Capital Investment Plan
For the 2020-2024 period, the company expects to make investments of approximately $2,805 million. The capex will be aimed at updating and replacing the aging generation, transmission as well as distribution equipment. Portland General Electric’s objective is to build a smarter and resilient grid, which will assist it in providing reliable services to customers.
Moreover, the company’s major projects like PGE's Integrated Operations Center and the Wheatridge Renewable Energy Facility remain on track and within budget, despite the ongoing pandemic.
Dividend Yield
Currently, the company has a dividend yield of 3.67% compared with the industry’s 3.61%.
Price Movement
In the past five years, the stock has gained 14.2%, outperforming the industry’s growth of 8.5%.
Other Stocks to Consider
A few other top-ranked utilities are American States Water Company (AWR - Free Report) , Korea Electric Power Corporation (KEP - Free Report) and Essential Utilities Inc. (WTRG - Free Report) , all carrying the same Zacks Rank as Portland General Electric at present.
American States Water Company has a long-term earnings growth rate of 4.90%. The company delivered an earnings surprise of 0.15%, on average, in the last four quarters.
Korea Electric Power has a long-term earnings growth rate of 5%. The Zacks Consensus Estimate for 2020 earnings has been steady in the past 60 days.
Essential Utilities has a long-term earnings growth rate of 6.01%. The company delivered an earnings surprise of 9.67%, on average, in the trailing four quarters.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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4 Reasons to Add Portland General Electric to Your Portfolio
Portland General Electric Company (POR - Free Report) is benefiting from its focus on delivering safe, clean and reliable energy to customers. The company’s residential customers account for more than 50% of its retail revenues.
Nearly 81% of the utility’s electricity supply is generated from clean sources like natural gas, hydro, wind and solar power. It has a target set to exit coal-fired generation by 2030.
Let’s focus on the factors that make this currently Zacks Rank #2 (Buy) stock a strong investment pick. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Growth Projections
The Zacks Consensus Estimate for 2020 earnings stands at $2.41 per share while the same for revenues is pegged at $2.13 billion, implying a respective improvement of 0.84% and 0.25% from the prior-year reported figures.
The Zacks Consensus Estimate for 2021 earnings stands at $2.61 per share while the same for revenues is pegged at $2.18 billion, implying a respective improvement of 8.30% and 2.34% from the prior-year reported figures.
Surprise History & Long-Term Earnings Growth
Portland General Electric’s trailing four-quarter earnings surprise is 7.74%, on average.
Its long-term (three to five years) earnings growth rate is currently projected at 5.14%.
Capital Investment Plan
For the 2020-2024 period, the company expects to make investments of approximately $2,805 million. The capex will be aimed at updating and replacing the aging generation, transmission as well as distribution equipment. Portland General Electric’s objective is to build a smarter and resilient grid, which will assist it in providing reliable services to customers.
Moreover, the company’s major projects like PGE's Integrated Operations Center and the Wheatridge Renewable Energy Facility remain on track and within budget, despite the ongoing pandemic.
Dividend Yield
Currently, the company has a dividend yield of 3.67% compared with the industry’s 3.61%.
Price Movement
In the past five years, the stock has gained 14.2%, outperforming the industry’s growth of 8.5%.
Other Stocks to Consider
A few other top-ranked utilities are American States Water Company (AWR - Free Report) , Korea Electric Power Corporation (KEP - Free Report) and Essential Utilities Inc. (WTRG - Free Report) , all carrying the same Zacks Rank as Portland General Electric at present.
American States Water Company has a long-term earnings growth rate of 4.90%. The company delivered an earnings surprise of 0.15%, on average, in the last four quarters.
Korea Electric Power has a long-term earnings growth rate of 5%. The Zacks Consensus Estimate for 2020 earnings has been steady in the past 60 days.
Essential Utilities has a long-term earnings growth rate of 6.01%. The company delivered an earnings surprise of 9.67%, on average, in the trailing four quarters.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>