We are raising our fair value estimate for Portland General to $53 per share from $51 after the company announced the final short list of clean energy projects tied to its 2023 integrated resource plan and 2024 request for proposals. We are reaffirming our narrow moat rating.
Management continues to find areas to invest in system upgrades, renewable energy, and energy storage with strong political and regulatory support.
Fluctuations in purchased power costs could mean lower profits for shareholders, even with the company's power cost adjustment mechanism.
|
Metric
|
POR
|
EIX
|
XEL
|
|---|---|---|---|
Price/Earnings (Normalized) | 21.28 | 17.29 | 18.55 |
Price/Book Value | 1.42 | 2.43 | 2.00 |
Price/Sales | 1.52 | 1.99 | 2.60 |
Price/Cash Flow | 6.55 | 8.85 | 7.24 |
|
Metric
|
POR
|
EIX
|
XEL
|
|---|---|---|---|
Quick Ratio | 0.46 | 0.42 | 0.61 |
Current Ratio | 1.00 | 1.03 | 0.97 |
Interest Coverage | 2.76 | 1.51 | 2.58 |
|
Metric
|
POR
|
EIX
|
XEL
|
|---|---|---|---|
Return on Assets (Normalized) | 2.49% | 1.29% | 2.89% |
Return on Equity (Normalized) | 8.23% | 7.68% | 10.62% |
Return on Invested Capital (Normalized) | 5.73% | 4.19% | 5.98% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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NEE
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DUK
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NGG
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AEP
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PCG
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D
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PEG
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EXC
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ED
| Dzcsplxw | Zttd | $36.0 Bil |
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United States