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Last $35.89 USD
Change Today -0.22 / -0.61%
Volume 525.3K
POR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 6:40 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

portland general electric co (POR) Snapshot

Open
$36.05
Previous Close
$36.11
Day High
$36.43
Day Low
$35.62
52 Week High
01/28/15 - $41.04
52 Week Low
08/4/14 - $31.41
Market Cap
2.8B
Average Volume 10 Days
845.7K
EPS TTM
$2.18
Shares Outstanding
78.3M
EX-Date
03/23/15
P/E TM
16.5x
Dividend
$1.12
Dividend Yield
3.12%
Current Stock Chart for PORTLAND GENERAL ELECTRIC CO (POR)

portland general electric co (POR) Related Businessweek News

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portland general electric co (POR) Details

Portland General Electric Company, an integrated electric utility, engages in the generation, purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The company operates six thermal plants; seven hydroelectric plants; and two wind farms, including the Biglow Canyon wind farm and the Tucannon River wind farm. It has approximately 26,880 circuit miles of primary and secondary distribution lines. As of December 31, 2014, it owned an electric transmission system comprising 1,162 circuit miles, including 212 circuit miles of 500 kilovolt line, 402 circuit miles of 230 kilovolt line, and 548 miles of 115 kilovolt line. The company also purchases and sells electricity and natural gas in the wholesale market to utilities, brokers, and power marketers in the United States and Canada. As of February 13, 2015, it served approximately 842,000 residential, commercial, and industrial customers in the Portland/Salem metropolitan area of Oregon. The company was founded in 1930 and is headquartered in Portland, Oregon.

2,600 Employees
Last Reported Date: 02/13/15
Founded in 1930

portland general electric co (POR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $744.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $318.5K
Senior Vice President of Power Supply, Power ...
Total Annual Compensation: $438.6K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $343.2K
Vice President of Nuclear & Power Supply/Gene...
Total Annual Compensation: $309.5K
Compensation as of Fiscal Year 2013.

portland general electric co (POR) Key Developments

Portland General Electric Company - Special Call

Portland General Electric Company - Special Call

Portland General Electric Company Declares Quarterly Common Stock Dividend, Payable on or Before April 15, 2015

On February 18, 2015 the board of directors of Portland General Electric Company declared a quarterly common stock dividend of 28 cents per share, unchanged from last quarters dividend. The dividend is payable on or before April 15, 2015 to shareholders of record at the close of business on March 25, 2015.

Portland General Electric Company Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year 2015

Portland General Electric Company announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income of $43 million, or 55 cents per diluted share compared with $47 million, or 59 cents per diluted share, for the comparable period of 2013. Revenues, net were $500 million compared to $499 million a year ago. Income from operations was $72 million compared to $77 million a year ago. Income before income taxes was $58 million compared to $58 million a year ago. This decrease in net income was primarily driven by lower energy deliveries due to warmer weather, higher operating and maintenance expenses and an increase on effective tax rate in the fourth quarter of 2014. This was partially offset by a price increase from the 2014 general rate case related to recovery of operating costs, improved generating plant performance and an increase in allowance for funds used during construction due to higher construction work-in-progress balances for 3 new generating projects. For the full year, the company reported net income of $175 million or $2.18 per diluted share and an ROE of 9.4% versus its allowed ROE of 9.75% compared to $105 million or $1.35 per diluted share and an ROE of 5.9% versus an allowed ROE of 10% for 2013. The increase in annual net income was largely due to the expense in 2013 of capitalized costs related to termination of the Cascade Crossing Transmission Project and an industrial customer refund recorded in 2013. Revenues, net were $1,900 million compared to $1,810 million a year ago. Income from operations was $293 million compared to $206 million a year ago. Income before income taxes was $235 million compared to $125 million a year ago. Net cash provided by operating activities was $518 million compared to $544 million a year ago. Capital expenditures were $1,007 million compared to $656 million a year ago. The increase in revenue was due primarily to increases in customer prices from the 2014 general rate case to align revenues and costs, collection of deferred costs related to 4 capital projects and a customer refund recorded in 2013 partially offset by lower energy deliveries and a decrease related to the decoupling mechanism. The company is initiating full-year 2015 earnings guidance of $2.20 to $2.35 per diluted share. This guidance is based on the assumptions: retail delivery growth of approximately 1%, average hydro conditions, wind generation based on 5 years of historic levels or forecast studies when historical data is not available, normal thermal plant operations, operating and maintenance costs between $510 million and $530 million, depreciation and amortization expense between $300 million and $310 million and capital expenditures of approximately $629 million.

 

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Industry Analysis

POR

Industry Average

Valuation POR Industry Range
Price/Earnings 16.6x
Price/Sales 1.5x
Price/Book 1.5x
Price/Cash Flow 5.9x
TEV/Sales 0.1x
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