POR - Double-Digit Return Potential Makes Portland General Electric A Compelling Investment
2024-06-12 00:40:11 ET
Summary
- Portland General Electric has only increased by 27% in the last 10 years, but offers a nearly 20-year dividend growth streak and a high yield.
- The company plans to invest in infrastructure to meet growing energy demand, expecting rate base growth and earnings growth in the near future.
- POR stock's valuation is attractive, with potential for multiple expansion and dividend growth, making it a compelling investment opportunity.
An investment in Portland General Electric Company ( POR ), or PGE, has not fared well over the last 10 years as the share price is only up slightly more than 27% during this period....
Double-Digit Return Potential Makes Portland General Electric A Compelling Investment