Portland General Electric Co
POR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$84.00 | Pmbphh | Bhssywj |
Portland General Earnings: Growth Investment Plan Keeps Growing; One of Cheapest U.S. Utilities
We are reaffirming our $50 per share fair value estimate for Portland General after it reported earning $2.38 per share on an adjusted basis in 2023, down from $2.74 in 2022. We had anticipated a drop in earnings this year, so the result doesn't have a material impact on our fair value estimate or long-term 7% average annual earnings growth rate forecast.