📈 Portland General Electric: An Attractive Equity Bond As Fed Rates Fall

Finance

Portland General Electric (NYSE:POR) offers an attractive 4.2% dividend alongside an earnings yield of about 6.5%, the latter referencing Warren Buffet's "Equity Bond" method. Both rates easily top the 10-year Treasury bond. With a P/E ratio of 15.6, the stock is trading below its historical average, and other metrics discussed below point to potential undervaluation. After comparing the company with peers that met stringent screen criteria, I argue that POR deserves a look from investors seeking to shift funds from treasuries or money market accounts, especially with the anticipated federal interest rate cut in September.

seekingalpha.com     Aug 31, 2024