Lumida
/POR
⌘K
Portland General Electric Co

Portland General Electric Co

POR
$52.43USD↓-0.74%-0.39 today

MARKET CAP

6.1B

P/E (TTM)

19.3x

FWD P/E

13.7x

DAY RANGE

$52 – $54

52W RANGE

$40
$55

AI Summary

Stalk
StalkMedium

POR remains in a healthy Stage 2 Advance with bullish medium- and long-term biases supported by clear higher-highs/higher-lows and rising EMAs. However, near-term price is extended above the 9/20 EMAs in overbought territory with an extreme Options Score, making immediate entries unfavorable. Optimal engagement requires a pullback into the rising EMA support zone for acceptance before adding exposure. Key risks include resistance at recent highs, overbought exhaustion, and a potential shift toward distribution as Stage 2 approaches Stage 3.

  • ↑Q1 2026 net income $306M, EPS $2.77 supports 5–7% dividend growth
  • ↑$1.9B Pacificorp acquisition adds 140K customers with year-one EPS accretion
  • ↓Industrial demand could dip under economic headwinds, pressuring growth
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Portland General Electric (PGE) operates as a leading electric utility in the Pacific Northwest, primarily serving over 900,000 customers in Oregon. The company focuses on clean energy, grid enhancement, and infrastructure development while increasingly catering to high-demand sectors such as semiconductor manufacturing and data centers. PGE's commitment to sustainability and operational resilience positions it favorably in the evolving energy landscape, particularly as demand for cleaner energy solutions continues to rise.

Bull says

  • ↑Q1 2026 net income $306M, EPS $2.77 supports 5–7% dividend growth
  • ↑$1.9B Pacificorp acquisition adds 140K customers with year-one EPS accretion
  • ↑Load growth 4.6% driven by 16% surge in data-center demand
  • ↑2026 capex >$1.8B in infrastructure and renewables, targeting 500 MW storage
  • ↑Dividend yield ~4.4% boosts income appeal amid market volatility
  • ↑Attractive valuation metrics and low leverage risk underpin upside

Bear says

  • ↓Industrial demand could dip under economic headwinds, pressuring growth
  • ↓Rising operational costs risk compressing profit margins amid rate mismatches
  • ↓Wildfire mitigation rules may delay regulatory approvals and capex
  • ↓Limited institutional ownership signals skepticism on growth outlook
  • ↓High interest-rate sensitivity may inflate borrowing costs and strain cash flow
  • ↓EPS guidance may prove optimistic if cost pressures and delays persist

Investment themes with POR

High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-01-2026bullish

Transcript signals

Bull points

  • Earlier today, we announced the definitive agreement to acquire the Washington Electric Utility business from Pacificor for $1.9 billion. This includes select generation, transmission, distribution, and other utility assets in Washington State.
  • Our overall portfolio will grow by approximately 18 percent and the acquired operations will continue to operate as a Washington regulated utility serving 140,000 Washington customers.
  • This transaction is forecast to be accretive in the first year while diversifying and broadening our growth opportunities, underscoring long-term EPS and dividend growth of five to 7%.

Bear points

  • Our 2025 results were impacted by unprecedented warm weather in November and December, reducing earnings by 17 cents.
  • December alone accounted for 14 of the 17 cent EPS impact in Q4 as it was the warmest December on record for our region with 24% fewer heating degree days than average.
Read full transcript analysis ›