Portland General Electric Company
- Open
- 49.25
- Day high
- 49.31
- Day low
- 48.65
- Prev close
- 49.60
- Volume
- 1.0M
- Mkt cap
- $5.7B
- P/E (TTM)
- 21.3
- EPS (TTM)
- $2.29
- P/B
- 1.4
- P/S
- 1.7
- Yield
- 4.35%
- Per share
- $2.13
- ▼Insiders net selling -$80K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions accumulating (13F)
Portland General Electric Company (POR) is a Utilities company listed on NYSE. The stock is up 16% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4).
Portland General Electric Company (POR) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
POR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 31, 2026 | $0.65 | $0.64 | -0.9% | $814M | -2.7% |
| May 1, 2026 | $0.77 | $0.58 | -24.7% | $879M | -7.7% |
| Feb 17, 2026 | $0.58 | $0.47 | -19.7% | $840M | -3.6% |
| Oct 31, 2025 | $0.98 | $1.00 | +2.2% | $878M | -2.6% |
| Jul 25, 2025 | $0.65 | $0.66 | +1.2% | $807M | -16.7% |
| Apr 25, 2025 | $0.94 | $0.91 | -3.1% | $928M | +14.5% |
| Feb 14, 2025 | $0.33 | $0.34 | +3.0% | $944M | -2.2% |
| Oct 25, 2024 | $0.87 | $0.90 | +3.4% | $929M | +41.2% |
| Jul 26, 2024 | $0.62 | $0.69 | +11.3% | $726M | +2.2% |
| Apr 26, 2024 | $1.08 | $1.08 | -0.2% | $841M | +1.3% |
| Feb 16, 2024 | $0.88 | $0.72 | -18.2% | $725M | -3.0% |
| Oct 27, 2023 | $0.46 | $0.46 | +0.0% | $802M | +7.1% |
POR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 28, 2026 | HOGLUND ROBERT Ndirector | Grant | 3,073 | $52.05 |
| Jul 28, 2026 | Millegan Michaeldirector | Grant | 3,073 | $52.05 |
| Jul 28, 2026 | Huber Marie Ohdirector | Grant | 3,073 | $52.05 |
| Jul 28, 2026 | Pineda Patricia Salasdirector | Grant | 3,073 | $52.05 |
| Jul 28, 2026 | Torgerson James Pdirector | Grant | 3,073 | $52.05 |
| Jul 28, 2026 | Lewis Michael Adirector | Sell | 1,537 | $51.83 |
| Jul 28, 2026 | Lewis Michael Adirector | Grant | 3,073 | $52.05 |
| Jul 28, 2026 | O'Leary John H.director | Grant | 3,073 | $52.05 |
| Jul 28, 2026 | James Renee Jodirector | Grant | 3,073 | $52.05 |
| May 12, 2026 | McFarland John Carterofficer: SVP, Commercial & Customer | Sell | 1,571 | $48.52 |
| May 12, 2026 | Gallegos Juan Diegoofficer: VP, CHRO | Sell | 2,750 | $48.67 |
| May 12, 2026 | McFarland John Carterofficer: SVP, Commercial & Customer | Sell | 819 | $48.51 |
| May 12, 2026 | HOGLUND ROBERT Ndirector | Buy | 2,000 | $48.80 |
| May 8, 2026 | Trpik Joseph R JRofficer: SVP, CFO | Sell | 100 | $49.05 |
| May 8, 2026 | Trpik Joseph R JRofficer: SVP, CFO | Sell | 7,400 | $49.03 |
Source: POR SEC Form 4 filings, latest Jul 28, 2026. For informational purposes only — not investment advice.
See the full POR insider & 13F page →Portland General Electric Company company profile
Overview
Portland General Electric Company (NYSE:POR) is an integrated electric utility company founded in 1889 and headquartered in Portland, Oregon. The company has served the Pacific Northwest for over 130 years, evolving from a small regional utility into Oregon's largest electric utility provider. PGE went public in 2006 and currently serves approximately 917,000 residential, commercial, and industrial customers across 51 cities in Oregon. The company operates as a regulated monopoly utility under the oversight of the Oregon Public Utility Commission, providing essential electricity generation, transmission, and distribution services throughout its service territory.
Business
Portland General Electric operates in the regulated electric utility industry, which means it functions as a government-regulated monopoly providing essential electricity services to customers within a defined geographic territory. Unlike competitive markets, regulated utilities have exclusive rights to serve customers in their area but must have their rates and service standards approved by state regulatory commissions. PGE's core business involves the complete electricity value chain: generation, transmission, distribution, and retail sale of electricity. The company generates power through a diverse portfolio of energy sources including six thermal plants (primarily natural gas), three wind farms, and seven hydroelectric facilities. This generation mix allows PGE to provide reliable baseload power while incorporating renewable energy sources. The company also purchases wholesale electricity and natural gas to supplement its own generation when needed. The utility operates extensive infrastructure including 1,274 circuit miles of electric transmission lines (ranging from 115 to 500 kilovolt capacity) that carry high-voltage electricity over long distances, and 28,206 circuit miles of distribution lines that deliver electricity directly to homes and businesses. This infrastructure represents billions of dollars in capital investment and requires continuous maintenance, upgrades, and expansion to meet growing demand. PGE serves three main customer segments: residential customers (homeowners and renters), commercial customers (businesses, schools, hospitals), and industrial customers (manufacturing facilities, data centers, semiconductor plants). The industrial segment has become increasingly important, representing significant load growth driven by Oregon's emergence as a hub for semiconductor manufacturing and data center operations.
Competitive moat
Portland General Electric possesses a strong regulatory moat characteristic of regulated utilities, though this protection comes with trade-offs. As the exclusive electricity provider in its Oregon service territory, PGE faces no direct competition for existing customers and enjoys predictable demand for an essential service. The massive capital requirements to build competing transmission and distribution infrastructure create virtually insurmountable barriers to entry. The company's moat is strengthened by several factors: 1. Regulatory franchise protection that legally prevents competitors from serving PGE's customers, 2. Essential service provision where electricity demand remains relatively stable regardless of economic conditions, 3. Significant sunk costs in transmission and distribution infrastructure that would be nearly impossible for competitors to duplicate, and 4. Established regulatory relationships with state authorities that create institutional knowledge advantages. However, PGE's moat faces emerging challenges. Distributed energy resources like rooftop solar panels and battery storage allow some customers to reduce their dependence on the grid, potentially eroding demand over time. Wildfire liability risks in Oregon could impose substantial unrecoverable costs, similar to what California utilities have experienced. Political and regulatory pressure for rapid decarbonization may force costly investments in renewable energy and grid upgrades while requiring retirement of still-useful fossil fuel assets. The company's position in Oregon's growing technology sector, particularly semiconductor manufacturing, provides some competitive advantages through industrial customer relationships and expertise in serving high-tech facilities. Overall, PGE maintains a solid but not impregnable moat that requires active management of regulatory relationships and strategic investments to preserve.
Risks & safety
Portland General Electric presents a moderate margin of safety with typical regulated utility financial characteristics but some concerning liquidity metrics. • Liquidity and Debt Concerns: Very low cash position of only $11 million as of Q1 2025, though total liquidity including credit facilities reaches $948 million. Current ratio of 1.06 indicates tight working capital management. Debt-to-equity ratio of 1.31 is elevated but typical for utilities. Negative free cash flow of -$128 million in Q1 2025 reflects heavy capital investment program. • Valuation Metrics: Trading at 12.2x P/E ratio and 1.27x book value, both reasonable for a regulated utility. EV/EBITDA of 7.8x appears fair given growth prospects. Graham number of $26.88 suggests potential undervaluation at current $41.36 price. • Other Considerations: Strong operational cash flow of $231 million in Q1 2025 supports dividend coverage. Regulated utility model provides earnings predictability. Growing wildfire mitigation costs ($120+ million planned for 2025) create potential unrecoverable expense risk. Industrial load growth of 16.4% provides revenue upside but may require additional capital investment.
Recent development
Over the past few years, Portland General Electric has undergone significant strategic evolution focused on clean energy transition and industrial customer growth. The company has dramatically expanded its renewable energy portfolio, adding 500 megawatts of hydroelectric capacity and commissioning the Clearwater Wind Development project in 2024. PGE is also investing heavily in battery storage technology, with Seaside and Constable battery projects coming online to enhance grid reliability and integrate more renewable energy. A major strategic pivot has been embracing industrial load growth, particularly from semiconductor manufacturing and data center operations. The company now serves facilities representing 15% of U.S. semiconductor manufacturing capacity, transforming from a traditional residential/commercial utility to one increasingly dependent on high-tech industrial customers. This shift has driven total load growth expectations from 2% to 3% annually. PGE has also prioritized wildfire risk mitigation as a critical strategic initiative, planning over $120 million in annual wildfire prevention investments. The company is actively pursuing Oregon state legislation to establish wildfire liability protections similar to other western states, recognizing this as an existential business risk. Recent financial strategy changes include pursuing a holding company structure to provide financing flexibility and actively seeking federal grants and tax credits to reduce customer costs for clean energy investments. The company has received over $300 million in direct federal grants and continues pursuing additional funding opportunities. PGE has also refined its capital allocation approach, targeting a 50-50 debt-to-equity structure while managing significant capital investment needs through 2027.
POR company profile · for informational purposes only — not investment advice.
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