Portland General Electric: An Attractive Equity Bond As Fed Rates Fall [Seeking Alpha]
Portland General Electric Co (POR)
Last portland general electric co earnings: 4/24 05:00 am
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US:NYSE Investor Relations:
investors.portlandgeneral.com
Company Research
Source: Seeking Alpha
Follower s Follow Summary Portland General Electric offers a 4.2% dividend and has a 6.5% earnings yield, making it quite attractive compared to the 10-year Treasury bond. Trading below its historical P/E average, it presents a potential buying opportunity, especially with anticipated federal interest rate cuts. The company has strong financial metrics, a favorable regulatory environment, and is making significant investments in infrastructure and renewable energy. blackestockphoto/E+ via Getty Images Portland General Electric ( NYSE: POR ) offers an attractive 4.2% dividend alongside an earnings yield of about 6.5%, the latter referencing Warren Buffet's "Equity Bond" method. Both rates easily top the 10-year Treasury bond. With a P/E ratio of 15.6, the stock is trading below its historical average, and other metrics discussed below point to potential undervaluation. After comparing the company with peers that met stringent screen criteria, I argue that POR deserves a
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High impacting Portland General Electric Co news events
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POR
News
- Portland General Electric (NYSE: POR) had its price target lowered by analysts at Barclays PLC from $49.00 to $48.00. They now have an "equal weight" rating on the stock.MarketBeat
- Portland General Electric Company (POR) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Portland General Electric (POR) Beats Q3 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Portland General Electric GAAP EPS of $0.90 beats by $0.01, revenue of $929M beats by $42.29M [Seeking Alpha]Seeking Alpha
- Eni raises share buyback plan after third-quarter earnings top estimates [Yahoo! Finance]Yahoo! Finance
POR
Earnings
- 10/25/24 - Beat
POR
Sec Filings
- 10/25/24 - Form 8-K
- 10/25/24 - Form 10-Q
- 10/23/24 - Form SC
- POR's page on the SEC website