Here's Why You Should Add Portland General Electric (POR) Now
Zacks Investment Research | May 16, 2019 04:04AM ET
Portland General Electric Company (NYSE:GE)'s (NYSE:POR) earnings estimates for 2019 and 2020 have moved up 0.4% and 2% in the past 90 days, respectively. Portland General Electric engages in the generation, wholesale purchase, transmission, distribution and retail sale of electricity in Oregon.
Let’s focus on the factors that make Portland General Electric an appropriate investment option at the moment.
Earnings Surprise Trend & Estimate Revision
Portland General Electric beat estimates in the trailing four quarters, the average positive surprise being 12.29%.
Its earnings estimate for 2019 and 2020 indicate 3.38% and 4.49% increase on a year-over-year basis to $2.45 and $2.56 per share, respectively. Revenue estimate for 2019 and 2020 indicate 4.86% and 0.78% rise year over year basis to $2.09 billion and $2.10 billion, respectively.
Long-Term Growth & Dividend Yield
The company’s long-term (3 to 5 years) earnings growth is pegged at 4.89%.
Currently, the company has a dividend yield of 2.72% compared with the Zacks S&P 500 composite’s 1.96%.
Debt/Capital
The company’s current debt to capital ratio is pegged at 46.08% compared with the industry’s 50.30%.
Price Movement
In the past 12 months, Portland General Electric’s shares have rallied 34.1% compared with the industry ’s rise of 15.3% .
Zacks Rank & Other Key Picks
Portland General Electric currently carries a Zacks Rank #2 (Buy). You can see .
Some other top-ranked stocks from the same industry are FirstEnergy Corp. (NYSE:FE) , DTE Energy Co. (NYSE:DTE) and IDACORP, Inc. (NYSE:IDA) , each holding a Zacks Rank of 2.
FirstEnergy pulled off an average positive earnings surprise of 5.09% in the last four quarters. The company’s long-term earnings growth is pegged at 6%
DTE Energy pulled off an average positive earnings surprise of 12.24% in the last four quarters. The company’s long-term earnings growth is pegged at 6%.
IDACORP delivered an average positive earnings surprise of 13.83% in the last four quarters. The company’s long-term earnings growth is pegged at 3.80%.
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