Progressive Public Policy Supports Portland General's Growth Opportunities
We are reaffirming our $37 fair value estimate and narrow moat and stable moat trend ratings for Portland General Electric after the company reported earnings per share of $2.37 in 2018, up from $2.10 in 2017. Earnings were in line with our forecast and within management's $2.25-$2.40 guidance range.Management also initiated $2.35-$2.50 EPS guidance for 2019, in line with our estimate. We expect first-half 2019 earnings will show substantial improvement over first-half 2018 earnings based on hi...
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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