Portland General Electric (POR) Price Target Raised to $49

Core Viewpoint - Portland General Electric Company (NYSE:POR) is recognized as a promising investment opportunity within the utility sector, particularly noted for its high dividend yield and growth potential [1][5]. Group 1: Company Overview - Portland General Electric is an integrated electric utility company involved in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in Oregon [2]. - The company is set to announce its FY 2025 results on February 20, with adjusted earnings expected to range from $3.13 to $3.33 per diluted share [4]. Group 2: Financial Performance and Projections - The stock has experienced a significant increase of over 19% in the past year, indicating strong market performance [5]. - The company forecasts a long-term EPS and dividend growth guidance of 5% to 7%, alongside a long-term growth guidance of 3% through 2029 [4]. Group 3: Analyst Insights - Wells Fargo has raised the price target for POR from $45 to $49 while maintaining an 'Equal Weight' rating, suggesting that while the company is progressing, it may take time to realize its full value [3].