Top Wall Street Forecasters Revamp Portland General Electric Price Expectations Ahead Of Q4 Earnings

Portland General Electric (POR) is set to release its fourth-quarter financial results on Friday, February 14, 2025, and top Wall Street analysts have been revising their price targets in anticipation. The company is expected to report quarterly earnings of 35 cents per share, down from earnings of 67 cents per share in the year-ago period. Portland General Electric projects quarterly revenue of $663.32 million, compared to $725 million a year earlier. On February 12, the company's board of directors declared a quarterly common stock dividend of 50 cents per share.

Analysts have been adjusting their price targets for Portland General Electric's stock, reflecting their confidence in the company's earnings potential for the upcoming quarter. Jefferies analyst Julien Dumoulin-Smith maintained a Hold rating and cut the price target from $47 to $42 on Jan. 28, 2025. This analyst has an accuracy rate of 65%. Barclays analyst Nicholas Campanella maintained an Equal-Weight rating and cut the price target from $48 to $42 on Jan. 27, 2025. This analyst has an accuracy rate of 62%. B of A Securities analyst Ross Fowler maintained an Underperform rating and slashed the price target from $46 to $43 on Dec. 24, 2024. This analyst has an accuracy rate of 63%. Keybanc analyst Melissa Gorham maintained an Overweight rating and cut the price target from $52 to $51 on Dec. 4, 2024. This analyst has an accuracy rate of 70%. JP Morgan analyst Richard Sunderland maintained an Overweight rating and raised the price target from $54 to $55 on Oct. 23, 2024. This analyst has an accuracy rate of 61%.

These revisions indicate that analysts are generally maintaining their confidence in POR's earnings potential, with some even raising their price targets. However, there is also some caution, as seen in the price target cuts by Jefferies, Barclays, and B of A Securities. Overall, the recent price target revisions suggest that analysts are expecting Portland General Electric to perform well in the upcoming quarter, with a mix of optimism and caution.



Key factors and trends in the utility sector and Portland General Electric's operations have led these analysts to revise their price targets. Earnings and revenue trends, dividend payouts, industry trends, the regulatory environment, and market conditions have all played a role in shaping analysts' expectations for the company's stock price. Portland General Electric's projected quarterly earnings and revenue, as well as its dividend payout, have likely influenced analysts' price target revisions. The utility sector as a whole has been experiencing certain trends that may impact Portland General Electric's operations and stock price, such as the increasing demand for renewable energy and the transition towards cleaner energy sources. Changes in the regulatory environment can also impact utility companies' operations and stock prices, and analysts may have revised their price targets based on expectations of how regulatory changes will affect Portland General Electric's earnings and revenue growth. Market conditions, including investor sentiment towards the utility sector, can also influence analysts' price target revisions.



The recent price target revisions by top Wall Street analysts reflect their confidence in Portland General Electric's earnings potential for the upcoming quarter. While there is a mix of optimism and caution, the overall trend suggests that analysts expect the company to perform well in the near term. Investors should monitor the company's performance and the market's reaction to these revised price targets to make informed investment decisions.