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Portland General Electric Company  (POR)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $41.0800 $0.33 0.810%
Day's High: $41.38 Week Perf: -2.4 %
Day's Low: $ 40.55 30 Day Perf: 2.62 %
Volume (M): 2,503 52 Wk High: $ 51.58
Volume (M$): $ 102,836 52 Wk Avg: $44.62
Open: $40.55 52 Wk Low: $38.01



 Market Capitalization (Millions $) 4,020
 Shares Outstanding (Millions) 98
 Employees 100
 Revenues (TTM) (Millions $) 2,923
 Net Income (TTM) (Millions $) 228
 Cash Flow (TTM) (Millions $) -160
 Capital Exp. (TTM) (Millions $) 1,358

Portland General Electric Company
Portland General Electric (PGE) is an electric utility company based in Portland, Oregon. It provides electricity to more than 900,000 residents in Oregon. PGE was founded in 1888 by Parker, Adolph and William Woodward and was initially called Portland Electric Power Company.

PGE owns and operates a diversified mix of generation facilities, including hydroelectric, coal, natural gas, wind, and solar. It has a total capacity of approximately 3,937 megawatts (MW) of electricity. PGE buys and sells electricity through a regional energy trading marketplace and maintains more than 1,300 miles of transmission lines, 30,000 miles of distribution lines, and 76 substations.

The company has a strong commitment to renewable energy and has set a goal of supplying its customers with 100% clean energy by 2040. PGE has already invested in wind, solar, and hydroelectric power projects in Oregon and Washington, and plans to continue to expand its renewable energy portfolio.

PGE is a publicly traded company and is listed on the New York Stock Exchange (NYSE) under the ticker symbol PGN. It has approximately 3,000 employees and has been recognized for its commitment to customer service and community involvement. PGE supports local charities and non-profit organizations through its corporate philanthropy program.

In recent years, PGE has faced criticism from environmental groups for its reliance on fossil fuels and its involvement in the construction of a new natural gas plant. However, the company has responded by announcing plans to phase out coal-fired power by 2030 and to transition to clean energy sources.

In summary, Portland General Electric is a major electric utility company in the Pacific Northwest with a diverse mix of generation facilities and a commitment to renewable energy. It serves more than 900,000 residents in Oregon and has a strong focus on customer service and community involvement.


   Company Address: 121 S.W. Salmon Street Portland 97204 OR
   Company Phone Number: 464-8000   Stock Exchange / Ticker: NYSE POR
   


   

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Portland General Electric Company

Portland General Electric Company Shines with Strong Financial Performance Amid Challenging Market Conditions

Portland General Electric Company (POR) recently published its most recent fiscal period, which showcased solid performance and growth. The company reported a 5.531% increase in revenue, reaching $725.00 million compared to $687.00 million in the previous year. In terms of profits, POR recorded a growth of 7.12%, with earnings per share rising to $0.61 from $0.57 in the prior reporting season.
While many companies in the Electric Utilities sector are struggling with diminishing orders and retracting revenues, Portland General Electric Company has managed to prosper in the fourth quarter of 2023. The company experienced a decline of -9.601% in revenue from the previous period, but still saw profits grow by 31.8% to $0.46 per share. Net profits for the fiscal fourth quarter of 2023 increased by an impressive 33.33% to $68.000 million compared to $51.000 million reported in the same period a year ago.

Dividend

Portland General Electric Powers Up Shareholder Returns with Quarterly Dividend Declaration

Published Fri, Feb 9 2024 11:00 PM UTC

Portland General Electric Continues to Prioritize Shareholder Returns
On February 9, 2024, Portland General Electric Company (NYSE: POR) announced a quarterly common stock dividend of $0.475 per share. This decision reflects the company's commitment to providing returns to its shareholders while also balancing its capital requirements and financial position.
During t...

Portland General Electric Company

Portland General Electric Exceeds Expectations with Exceptional Fiscal Third Quarter Performance in 2023



Portland General Electric Company (POR) recently released its financial results for the most recent fiscal period, showcasing both favorable and unfavorable outcomes. This article will interpret these results and discuss their potential impact on the company's future prospects.
1. Revenue Growth and Outperformance:
In the specified fiscal period, POR reported a commendable revenue growth of 7.941% compared to the corresponding period, outperforming its counterparts in the Electric Utilities industry, who averaged 5.08%. This indicates that POR has displayed resilience and effective business strategies during a challenging period for the industry.

Portland General Electric Company

Portland General Electric Company Records a Significant 9.645% Top-line Growth Amid the Quarter Spanning from April to June 30, 2023 Despite Confronting Diminishing Earnings Per Share



Portland General Electric Company (POR) experienced a challenging second quarter of the 2023 earnings season, as its earnings per share (EPS) shrank while sales continued to expand. Revenue grew by 9.645% to $648.00 million when compared to the previous year, but income per share tumbled by -45.83% to $0.39 per share, significantly lower than the prior year reporting period.
Compared to the preceding reporting period, profit plummeted by -51.25% from $0.80 per share, and revenue deteriorated by -13.369% from $748.00 million. Furthermore, earnings for the second quarter of 2023 declined by -39.06% to $39.000 million, down from $64.000 million in the corresponding period a year ago.






 

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Earnings Outlook
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