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Trade-Ideas LLC identified

Portland General Electric

(

POR

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Portland General Electric as such a stock due to the following factors:

  • POR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $18.2 million.
  • POR has traded 4,773 shares today.
  • POR is trading at a new lifetime high.

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More details on POR:

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The stock currently has a dividend yield of 3.1%. POR has a PE ratio of 2. Currently there are 3 analysts that rate Portland General Electric a buy, 2 analysts rate it a sell, and 5 rate it a hold.

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TheStreet Recommends

The average volume for Portland General Electric has been 571,000 shares per day over the past 30 days. Portland General Electric has a market cap of $3.7 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.36 and a short float of 3.2% with 6.52 days to cover. Shares are up 13.7% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Portland General Electric as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins, good cash flow from operations and increase in net income. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 8.1%. Since the same quarter one year prior, revenues slightly increased by 3.0%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Electric Utilities industry. The net income increased by 22.0% when compared to the same quarter one year prior, going from $50.00 million to $61.00 million.
  • 37.17% is the gross profit margin for PORTLAND GENERAL ELECTRIC CO which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 12.52% is above that of the industry average.
  • Net operating cash flow has increased to $161.00 million or 20.14% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 8.76%.

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