Portland General finds more opportunities to grow with distribution upgrades.
We are reaffirming our $33 fair value estimate, along with our narrow moat and stable moat trend ratings, for Portland General Electric, or PGE, after the company reported earning $0.38 per share in the third quarter, a slight decline from year-ago EPS of $0.40. Management reaffirmed its full-year EPS guidance of $2.05-$2.20, in line with our $2.17 estimate.Although weak demand hurt earnings, PGE's decoupled rate structure mitigated most of that negative impact, demonstrating the benefits of ra...
Portland General Electric is an electric utility engaged in the generation, purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The company also participates in the wholesale market by purchasing and selling electricity and natural gas. The company's generating facilities consist of thermal plants (natural gas- and coal-fired), wind farms, and hydroelectric. The company owns or has contractual rights associated with transmission lines that deliver electricity from its generation facilities to its distribution system in its service territory and also to the Western Interconnection.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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