Portland General Electric Company (POR)

In the past six months, Portland General Electric Co. (POR) stock has seen several events, including an increase of 18.77%. PGE reported Q3 2025 EPS of $1.00, exceeding forecasts, and reaffirmed its 2025 adjusted earnings guidance. The company declared a quarterly dividend of $0.525 per share. Analyst ratings varied, with BTIG reiterating a "Buy" rating, Ladenburg Thalmann downgrading to "Sell", and Jefferies Financial Group boosting their price target while maintaining a "hold" rating. A lawsuit alleging nitrate-polluted groundwater was filed against a power company and dairy manufacturer in Oregon.

Demand for Portland General Electric's products and services exhibits seasonality, with peak times occurring during certain days in both summer and winter when energy demand is highest. This is reflected in their Time of Use pricing, which varies seasonally due to different power usage patterns. PGE encourages customers to participate in energy-shifting programs to reduce power use during these high-demand periods and has observed significant customer-driven electricity demand shifts during multi-day heat waves. Industrial load growth, particularly from data centers and semiconductor manufacturers, has been a notable factor in overall load growth.

Portland General Electric Co. (PGE) is a vertically integrated, investor-owned electric utility based in Portland, Oregon, operating in the Electric Utilities sector. PGE generates, purchases, transmits, distributes, and sells electricity to various customers. The company's power generation includes hydroelectric dams, wind farms, solar installations, natural gas plants, and battery storage. PGE aims to reduce greenhouse gas emissions from its retail power supply by 80% by 2030 and achieve carbon neutrality by 2040; as of 2025, 45% of its energy comes from non-emitting resources, with natural gas being the largest source.

Portland General Electric's service territory is located in northwest Oregon, covering approximately 4,000 square miles and serving around 950,000 customers across 51 cities, including Portland and Salem. The company's transmission system consists of 1,269 circuit miles, including 287 circuit miles of 500 kilovolt line, 418 circuit miles of 230 kilovolt line, and 564 miles of 115 kilovolt line, along with 29,398 circuit miles of distribution lines. PGE also owns major transmission rights to the Pacific Northwest Intertie.

In the past year, Portland General Electric has maintained a positive brand reputation, particularly in its commitment to clean energy and customer service. PGE has held the U.S. Department of Energy's National Renewable Energy Laboratory's No. 1 ranking for the largest participation of business and residential customers in a renewables program for 14 consecutive years and was ranked the No. 1 utility in the 2024 Forrester U.S. Customer Experience Index. S&P Global affirmed PGE's ratings in December 2025, noting the company's "industry leading operational excellence" in combating and preventing wildfires. In 2024, PGE faced an SEC administrative proceeding concerning deficient internal controls related to a $127 million energy trading loss, and there is ongoing uncertainty regarding wildfire-related litigation and legislation in Oregon.

Portland General Electric Co. is primarily owned by institutional shareholders (95.47%), with 1.18% held by insiders and 3.35% by retail investors. Major institutional shareholders include BlackRock Inc., Vanguard Group Inc., Fuller Thaler Asset Management Inc., State Street Corp, and Atlas Infrastructure Partners UK Ltd. Individual investors hold a smaller percentage (0.48%), and Joseph R. Trpik Jr. is mentioned as an insider.