Portland General Electric Company (NYSE:POR)
A single, integrated electric utility engaged in the generation, purchase, transmission, distribution, and retail sale of electricity in the State of Oregon, as well as the wholesale sale of electricity and natural gas in the western states and Canada.
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one of the best looking utilities at the moment.
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Oversold at the moment, solid dividend in a solid company. Nice value with income + potential appreciation upside.
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valueline rank = 1
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5% Div in january 2011, solid financials, appears to be priced at book, All ideas from others on MF - research that lead me here
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Thumbs up is just for liking the stock...like the dividend and payout...like the P/B ratio...West Coast exposure while staying away from Cali.
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Energy, dividends, good numbers
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green projects, stable local economy, nice div.
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POR is expanding their renewable energy prospects in a fast growing region that is historically environmentally friendly. Portland is a renowned clean city and consumers in the area are likely to approve of higher costs if they are less harmful to the environment. The investment in renewable energy will likely turn a greater profit in 3 to 5 years as more generation comes from those sources.
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Covers a fast-growing area with stable to rising housing prices
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energy baby
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This is a soild company with great views on new way to get electricity. They seem to want to go green which is very important in a changing ecomomy and market.
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Has exceeded analysts’ earnings expectations in three out of the past four quarters by an average margin of 56.6%. Consensus earnings estimates for this year and next have risen over the past week. On May 2, the Board of Directors declared a quarterly cash dividend of 23.5 cents per share
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utility, dividend, out from under Enron cloud.
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Portland General is a very solid small utility that has been largely hidden under Enron’s cloud. However, it was always run as a separate unit and was never caught up in any of Enron’s questionable activities. The company has a stable business in a region that is showing reasonable growth. Its debt level is modest for a utility. Yet, its stock looks cheap by most measures when compared to other similar regional utilities. The stock is cheap for several reasons.
1) It is virtually unfollowed by Wall Street because of its history. Many analysts probably don’t even realize that Portland General is now an independent company again.
2) The stock may be depressed because many of the Enron creditors who receive the stock sell it as soon as possible. They want to cash out and put their memories of the Enron debacle as far behind them as
they can. It will be some time before all of the stock has been distributed, but eventually this artificial selling pressure will disappear.
3) The company has recently paid its first dividend (22.5 cents a quarter for about a 3.5% yield), many reporting services still show the stock as having little or no yield because it does not have a full year of dividend history. This deters most utility investors, who are very yield sensitive, from looking at the stock.
All of these factors depressing the stock are temporary and will gradually disappear. Once they are gone, the stock could go to 35 or 40. Moreover, while the stock is waiting to move up, a nice dividend (which could easily be increased over time as the company becomes more comfortable with its status as a public
company).
Also, as Portland General becomes disentangled from the Enron mess, it could be an attractive acquisition target for another utility looking to expand. Patient investors who purchase the stock now, before the Enron cloud has fully dissipated, will be well rewarded, and the stock could probably be bought up to 33.
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