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Portland General Electric Co - POR STOCK NEWS

Welcome to our dedicated news page for Portland General Electric Co (Ticker: POR), a resource for investors and traders seeking the latest updates and insights on Portland General Electric Co.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Portland General Electric Co's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Portland General Electric Co's position in the market.

News
Portland General Electric declares dividend
Rhea-AI Summary
Portland General Electric Company (NYSE: POR) announced a 5.3% increase in its quarterly common stock dividend to $0.50 per share, reflecting the company's strong financial performance. The dividend payout ratio is targeted at 60 to 70% over the long term.
Rhea-AI Impact
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End-of-Day
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Portland General Electric schedules earnings release and conference call for Friday, April 26
Rhea-AI Summary
Portland General Electric Company (NYSE: POR) will host an analyst conference call and webcast to review its first quarter 2024 financial results. The earnings summary will be released before the US markets open on April 26, with key executives like Maria Pope and Joe Trpik participating.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.91%
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earnings
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Portland General Electric announces intent to join CAISO EDAM regional energy market to benefit customers, environment
Rhea-AI Summary
Portland General Electric (POR) plans to join the California Independent System Operator's (CAISO) Extended Day-Ahead Market (EDAM) to enhance affordability, reliability, and access to clean power. Through collaborative efforts, PGE expects significant cost savings and improved energy efficiency, benefiting both the company and its customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.92%
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PGE outlines progress and purpose in 2023 Environmental, Social and Governance report
Rhea-AI Summary
Portland General Electric (PGE) released its 2023 Environmental, Social and Governance Report, highlighting progress in delivering reliable energy services and transitioning to clean energy. Key achievements include adding 475MW of battery storage, securing federal grants for transmission networks, and protecting conservation lands.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.35%
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Portland General Electric announces 2023 financial results and initiates 2024 earnings guidance
Rhea-AI Summary
Portland General Electric Company (POR) reported full-year 2023 GAAP net income of $228 million, or $2.33 per diluted share, with non-GAAP net income of $233 million, or $2.38 per diluted share. The company initiated 2024 adjusted earnings guidance of $2.98 to $3.18 per diluted share, reaffirming 5% to 7% long-term earnings per share growth. Key accomplishments in 2023 included investing in capital assets, entering battery storage and hydropower contracts, advancing wind energy projects, and securing federal grants. Total revenues increased, while net variable power costs, operating expenses, depreciation, interest expense, and taxes rose as well. PGE's 2024 guidance includes assumptions on energy deliveries, hydro conditions, wind generation, operating expenses, depreciation, cash from operations, capital expenditures, and tax rates. The company's resource planning and wildfire mitigation plan were highlighted, with a quarterly dividend of $0.475 per share announced. PGE's non-GAAP financial measures exclude significant items to provide a meaningful representation of the company's earnings per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
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earnings
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Portland General Electric declares dividend
Rhea-AI Summary
Portland General Electric Company (POR) declares a quarterly common stock dividend of $0.475 per share, with a target dividend payout ratio of 60 to 70% over the long term.
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Portland General Electric issues All-Source Request for Proposal for renewable and non-emitting energy projects to meet growing customer demand
Rhea-AI Summary
Portland General Electric (PGE) has issued its 2023 All-Source Request for Proposal (RFP) seeking bids for non-emitting dispatchable capacity and renewable generation projects. The RFP aims to ensure resource adequacy for PGE customers and communities during the clean energy transition. PGE's 2023 Integrated Resource Plan, acknowledged by the Oregon Public Utility Commission, aligns with the objectives of this RFP. The company is committed to attracting broad participation from energy developers with projects offering reliability, flexibility, and maximum customer value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.73%
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Portland General Electric schedules earnings release and conference call for Friday, February 16
Rhea-AI Summary
Portland General Electric Company (NYSE: POR) will host an analyst conference call and webcast on February 16, 2024, to review its fourth quarter and full-year 2023 financial results. The call will be hosted by President and CEO Maria Pope, Senior VP of Finance and CFO Joe Trpik, and Manager of Investor Relations Nick White. The earnings summary will be released before the financial markets open in the United States. The webcast replay will be available on the investor website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
Tags
earnings
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Portland General Electric Announces Third Quarter 2023 Results
Rhea-AI Summary
Portland General Electric Company (PGE) reported net income of $47 million for Q3 2023, compared to $58 million in Q3 2022. The company reached a constructive settlement in its General Rate Case, improving power cost risk management. PGE was also awarded three grants by the Department of Energy. The company's 2023 adjusted earnings guidance has been narrowed to $2.60 to $2.65 per diluted share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.65%
Tags
earnings
News
Portland General Electric declares dividend
Rhea-AI Summary
Portland General Electric Company declares quarterly dividend of $0.475 per share
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Rhea-AI Sentiment
End-of-Day
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Stock POR logo
Portland General Electric Co

NYSE:POR

POR Rankings

#1274 Ranked by Market Cap
#2803 Ranked by Stock Gains
#745 Ranked by Dividends

POR Stock Data

4.11B
100.53M
0.53%
105.28%
5.04%
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About POR

at portland general electric, we strive to provide reliable energy at an affordable price for over 800,000 customers, spanning over 52 cities. founded in 1889, today we’re the largest utility in oregon, covering over 4,000 miles of the nw region. as a company, we’re committed to reflecting the values of our customers – which is why pge is home to the most popular renewable energy program in the united states. in addition to leading the charge on renewable energy practices, our employees are also committed to the community we serve. in 2011, our outstanding volunteers donated nearly 50,000 hours of their time and $1.6 million through pge’s annual employee giving campaign. growing with the region, pge employs a diverse workforce of over 2,700 people. our employees aim to innovate, as well as to carry out pge’s mission statement, “to be a company our customers and communities can depend upon to provide electric service in a safe, responsible and reliable manner, with excellent customer se