Portland GE (POR) AI Stock Analysis

• Market Cap: $4.60B
• Dividend Yield: 4.76%
• Average Volume (3M): 956.85K
• Price to Earnings (P/E): 14.7
• Beta (1Y): 0.25
• Revenue Growth: 11.83%
• EPS Growth: 9.53%
• Country: US
• Employees: 2,915
• Sector: Utilities
• Sector Strength: 87
• Industry: Regulated Electric
• EPS (TTM): 0.91
• Shares Outstanding: 109,514,336
• 10 Day Avg. Volume: 911,137
• 30 Day Avg. Volume: 956,845
• PEG Ratio: -0.04
• Price to Book (P/B): 1.21
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.93
• Enterprise Value/Market Cap: 2.10
• Enterprise Value/Revenue: 0.73
• Enterprise Value/Gross Profit: 6.14
• Enterprise Value/Ebitda: 2.30
• 1Y Price Target: $45.75
• Price Target Upside: 8.93% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 9

• Rating: 77 Outperform
• Price Target: $48.00 ▲( 14.29% Upside)

Portland GE's overall stock score is driven by strong financial performance, balanced valuation, and strategic growth initiatives highlighted in the earnings call. While technical analysis indicates some bearish sentiment, the company's strong revenue growth and solid dividend yield offer significant strengths. However, the increase in leverage and challenges in managing operating expenses present notable risks.

Positive Factors

Dividend Yield

The $46 target price values shares of POR at a ~20% discount to the broader utility sector, which is seen as conservative but provides an attractive ~13% total return when coupled with an above average 4.9% dividend yield.

Growth Prospects

The company's organic growth prospects and rate base growth tied to required incremental transmission and generation investments have the potential to support some of the best sustained growth in the group.

Policy Support

POR has some of the most favorable economic and state driven policy-related fundamental tailwinds that over time should support above average rate base growth on a sustained basis.

Negative Factors

Equity Financing

In the near-term, the following headwinds are likely too big of a hurdle to overcome: 1) sizable equity financing, 2) a noisy regulatory environment, 3) wildfire tail risk, and 4) the lack of a track record executing against long-term EPS growth.

Regulatory Environment

Portland General Electric faces headwinds from a relatively less constructive regulatory environment driving regulatory lag and elevated wildfire risk.

Wildfire Risk

Shares of Portland General Electric embed a structural discount to reflect wildfire risk compared to the broader utilities sector.

Portland GE Business Overview & Revenue Model

Company Description

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, three wind farms, and seven hydroelectric facilities. As of December 31, 2021, the company owned an electric transmission system consisting of 1,274 circuit miles, including 287 circuit miles of 500 kilovolt line, 415 circuit miles of 230 kilovolt line, and 572 miles of 115 kilovolt line. It has 28,206 circuit miles of distribution lines. The company also purchases and sells wholesale natural gas in the United States and Canada. It serves approximately 917 thousand residential, commercial, and industrial customers in 51 cities. The company was founded in 1889 and is headquartered in Portland, Oregon.

How the Company Makes Money

Portland GE Financial Statement Overview

Summary

Portland GE shows strong revenue growth and operational efficiency, with a robust equity base. However, increased leverage and negative free cash flow due to high capital expenditures pose potential risks.

Income Statement

Portland GE shows strong revenue growth, with a notable increase from $2.6 billion in 2022 to $3.5 billion in the TTM period. The gross profit margin remains robust, indicating effective cost management, while net profit margins are stable. EBIT and EBITDA margins reflect consistent operational efficiency. However, the slight decline in net income from 2024 to TTM suggests potential challenges in maintaining profit growth.

Balance Sheet

The balance sheet reveals a stable equity position with stockholders' equity increasing over the years. The debt-to-equity ratio has increased slightly, reflecting higher leverage but remains manageable within the industry norms. The equity ratio indicates a solid asset base supported by equity, although the rise in total debt warrants monitoring for future financial stability.

Cash Flow

Portland GE's cash flow statements highlight strong operating cash flows, though the high capital expenditures result in negative free cash flow. The operating cash flow to net income ratio is favorable, indicating solid cash generation capability. However, the free cash flow to net income ratio is negative, pointing to significant reinvestment and capital spending requirements that may limit liquidity in the short term.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
3.53B	3.44B	2.92B	2.65B	2.40B	2.15B
	Gross Profit
1.57B	1.59B	1.36B	1.66B	1.57B	1.44B
	EBIT
483.00M	512.00M	396.00M	397.00M	378.00M	269.00M
	EBITDA
1.08B	1.06B	904.00M	845.00M	808.00M	718.00M
	Net Income Common Stockholders
304.00M	313.00M	228.00M	233.00M	244.00M	13.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
11.00M	12.00M	5.00M	165.00M	52.00M	257.00M
	Total Assets
12.70B	12.79B	11.21B	10.46B	9.49B	9.07B
	Total Debt
5.03B	4.83B	4.44B	3.96B	3.58B	3.34B
	Net Debt
5.02B	4.82B	4.43B	3.79B	3.53B	3.08B
	Total Liabilities
8.85B	8.75B	7.89B	7.68B	6.79B	6.46B
	Stockholders Equity
3.84B	3.79B	3.32B	2.78B	2.71B	2.61B
Cash Flow		Free Cash Flow
-468.00M	-490.00M	-938.00M	-92.00M	-104.00M	-217.00M
	Operating Cash Flow
834.00M	778.00M	420.00M	674.00M	532.00M	567.00M
	Investing Cash Flow
-1.34B	-1.30B	-1.36B	-758.00M	-656.00M	-787.00M
	Financing Cash Flow
-183.00M	526.00M	778.00M	197.00M	-81.00M	447.00M

Portland GE Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 42.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For POR, the sentiment is Negative. The current price of 42 is below the 20-day moving average (MA) of 42.10, below the 50-day MA of 42.78, and below the 200-day MA of 44.13, indicating a bearish trend. The MACD of -0.15 indicates Negative momentum. The RSI at 47.21 is Neutral, neither overbought nor oversold. The STOCH value of 55.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for POR.

Portland GE Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
POR	77 Outperform	$4.60B	14.70	8.33%	4.76%	11.83%	9.53%
IDA	70 Outperform	$6.24B	20.48	9.60%	2.92%	1.63%	13.11%
TXNM	70 Outperform	$5.26B	25.22	8.37%	2.80%	10.10%	149.78%
OGE	70 Neutral	$8.91B	18.35	10.72%	3.80%	15.56%	21.90%
ENIC	68 Neutral	$5.07B	28.18	3.67%	6.08%	-12.73%	-74.65%
PNW	65 Neutral	$10.84B	18.03	9.08%	3.91%	10.69%	12.37%
Sector *	64 Neutral	$8.54B	10.24	4.67%	4.36%	4.12%	-13.19%

Portland GE Corporate Events

Portland GE Announces Reorganization into Holding Company

On May 23, 2025, Portland General Electric Company (PGE) announced its intention to reorganize into a holding company structure, as filed with the Oregon Public Utilities Commission. This reorganization aims to enhance strategic and financial flexibility, support new transmission asset construction, and maintain shareholder value, with PGE becoming a wholly owned subsidiary of the new holding company upon completion.

The most recent analyst rating on (POR) stock is a Buy with a $51.00 price target. To see the full list of analyst forecasts on Portland GE stock, see the POR Stock Forecast page.

Portland GE Reports Q1 2025 Earnings and Dividend

Portland General Electric reported a net income of $100 million for the first quarter of 2025, driven by strong energy demand from high-tech and data centers, despite a decrease from the previous year’s $109 million. The company completed its first full quarter with new battery storage systems, enhancing its renewable integration and system reliability. PGE reaffirmed its 2025 earnings guidance, highlighting ongoing efforts in wildfire policy engagement and operational streamlining, while also announcing a quarterly dividend of $0.525 per share.