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. The company operates six thermal plants; seven hydroelectric plants; and three wind farms. As of December 31, 2020, it owned an electric transmission system consisting of 1,269 circuit miles, including 287 circuit miles of 500 kilovolt line, 414 circuit miles of 230 kilovolt line, and 568 miles of 115 kilovolt line. The company has 27,939 circuit miles of distribution lines. It also purchases and sells wholesale natural gas in the United States and Canada. The company serves approximately 908 thousand residential, commercial, and industrial customers in 51 cities. Portland General Electric Company was founded in 1889 and is headquartered in Portland, Oregon.
IPO Year:
Exchange: NYSE
Website: portlandgeneral.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/14/2025 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 5/13/2025 | $46.00 | Market Perform | BMO Capital Markets |
| 5/5/2025 | $50.00 | Neutral → Buy | UBS |
| 4/10/2025 | $44.00 | Overweight → Neutral | Analyst |
| 2/18/2025 | $42.00 | Buy → Neutral | Ladenburg Thalmann |
| 1/3/2025 | $52.00 → $47.00 | Buy → Neutral | UBS |
| 9/25/2024 | $54.00 | Outperform | Evercore ISI |
| 9/20/2024 | $48.00 | Hold | Jefferies |
| 9/18/2024 | $48.00 → $49.00 | Overweight → Equal Weight | Barclays |
| 9/12/2024 | $47.00 | Underperform | BofA Securities |
KeyBanc Capital Markets downgraded Portland Gen Elec from Overweight to Sector Weight
BMO Capital Markets initiated coverage of Portland Gen Elec with a rating of Market Perform and set a new price target of $46.00
UBS upgraded Portland Gen Elec from Neutral to Buy and set a new price target of $50.00
Analyst downgraded Portland Gen Elec from Overweight to Neutral and set a new price target of $44.00
Ladenburg Thalmann downgraded Portland Gen Elec from Buy to Neutral and set a new price target of $42.00
UBS downgraded Portland Gen Elec from Buy to Neutral and set a new price target of $47.00 from $52.00 previously
Evercore ISI initiated coverage of Portland Gen Elec with a rating of Outperform and set a new price target of $54.00
Jefferies initiated coverage of Portland Gen Elec with a rating of Hold and set a new price target of $48.00
Barclays downgraded Portland Gen Elec from Overweight to Equal Weight and set a new price target of $49.00 from $48.00 previously
BofA Securities resumed coverage of Portland Gen Elec with a rating of Underperform and set a new price target of $47.00
4 - PORTLAND GENERAL ELECTRIC CO /OR/ (0000784977) (Issuer)
First quarter financial results reflect strong energy demand from high-tech and data centers, which drove total quarter-over-quarter load growth of 4.6% and 16.4% industrial load growthReaffirming 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted sharePORTLAND, Ore., April 25, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income based on generally accepted accounting principles (GAAP) of $100 million, or $0.91 per diluted share, for the first quarter of 2025. This compares with GAAP net income of $109 million, or $1.08 per diluted share, for the first quarter of 2024. After adjusting for the impact of the January 2024 storm, first quarter 20
PORTLAND, Ore., April 18, 2025 /PRNewswire/ -- On April 18, 2025, the board of directors of Portland General Electric Company (NYSE:POR) declared a quarterly common stock dividend of $0.525 per share, representing an increase of 5%, or $0.10 per share, on an annualized basis. The company's dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60 to 70% over the long term. The quarterly dividend is payable on or before July 15, 2025, to shareholders of record at the close of business on June 24, 2025. About Portland General Electric CompanyPortland General Electric (NYSE:POR) is an integrated energy company that generates, trans
PORTLAND, Ore., March 25, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, April 25, to review its first quarter 2025 financial results. Portland General Electric plans to release its first quarter 2025 earnings summary before financial markets open in the United States on April 25. The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations. To hear the conference call by webcast, log on to Portland General Electric's investor website at investors.portlandgeneral.com, s
Full-year 2024 GAAP financial results of $3.01 per diluted share; full-year 2024 non-GAAP adjusted financial results of $3.14 per diluted shareInitiating 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted share and reaffirming 5% to 7% long-term earnings per share growth using a base of $3.08 per diluted share, the mid-point of original 2024 adjusted earnings guidancePORTLAND, Ore., Feb. 14, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $313 million, or $3.01 per diluted share, for the year ended December 31, 2024, which includes the $0.13 per diluted share impact of the Janu
PORTLAND, Ore., Feb. 12, 2025 /PRNewswire/ -- On February 12, 2025, the board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.50 per share. The company's dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60 to 70% over the long term. The quarterly dividend is payable on or before April 15, 2025, to shareholders of record at the close of business on March 24, 2025. About Portland General Electric CompanyPortland General Electric (NYSE:POR) is an integrated energy company that generates, transmits and distributes electricity to over 950,000 customers serving an ar
PORTLAND, Ore., Jan. 14, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, February 14, to review its fourth quarter and full-year 2024 financial results. Portland General Electric plans to release its fourth quarter and full-year 2024 earnings summary before financial markets open in the United States on February 14. The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations. To hear the conference call by webcast, log on to Portland General Electric's investor website
Rate decision supports investments in battery storage, transmission infrastructure and maintenance to improve reliability for customers. PORTLAND, Ore., Dec. 20, 2024 /PRNewswire/ -- The Oregon Public Utility Commission (OPUC) issued its decision today in the 2025 rate review requested by Portland General Electric in February 2024. The resulting rate changes, ranging from 5.5% to 7.7% based upon customer type, will take effect January 1, 2025, and support infrastructure investments serving customers, including a local battery energy storage system designed to improve the availability of PGE's renewable energy sources and reduce the need to purchase power, and include investments to modernize
Developed by Avangrid and now under construction, the Tower Solar project will deliver energy to Portland General Electric's Green Future Impact program, creating over 200 jobs and local economic benefits to Morrow County Avangrid, Inc. (NYSE:AGR), a leading sustainable energy company and member of the Iberdrola Group, and Portland General Electric (PGE) (NYSE:POR), are announcing the signing of a Power Purchase Agreement (PPA) for Tower Solar, a new 120 MWac (166 MWdc) solar energy project now under construction in Morrow County, Oregon, in collaboration with QTS and Meta. The facility will deliver clean, renewable energy to Portland General Electric's grid through Green Future Impact (G
The Clearwater Wind Energy Center helped PGE generate more than one gigawatt of powerfrom wind sources alone for the first time in company history PORTLAND, Ore., Nov. 13, 2024 /PRNewswire/ -- In its first ten months serving PGE customers, the Clearwater Wind Energy Center contributed to new records for PGE wind generation, including helping the company produce one gigawatt of power from wind sources alone – a new milestone. One gigawatt (or 1,000 megawatts) is enough electricity to power the equivalent of 830,000 homes, or about half the number of homes in Oregon. The Clearwa
Third quarter results reflect improved power cost conditions and continued robust demand growth from high-tech and data center customersNarrowing 2024 adjusted earnings guidance from $2.98 to $3.18 to a revised range of between $3.08 and $3.18 per diluted share to reflect year-to-date performancePORTLAND, Ore., Oct. 25, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income based on generally accepted accounting principles (GAAP) of $94 million, or $0.90 per diluted share, for the third quarter of 2024. This compares with GAAP net income of $47 million, or $0.46 per diluted share, for the third quarter of 2023. "Our focus on operational excellence, as we
4 - PORTLAND GENERAL ELECTRIC CO /OR/ (0000784977) (Issuer)
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4 - PORTLAND GENERAL ELECTRIC CO /OR/ (0000784977) (Issuer)
3 - PORTLAND GENERAL ELECTRIC CO /OR/ (0000784977) (Issuer)
4 - PORTLAND GENERAL ELECTRIC CO /OR/ (0000784977) (Issuer)
4 - PORTLAND GENERAL ELECTRIC CO /OR/ (0000784977) (Issuer)
4 - PORTLAND GENERAL ELECTRIC CO /OR/ (0000784977) (Issuer)
4 - PORTLAND GENERAL ELECTRIC CO /OR/ (0000784977) (Issuer)
4 - PORTLAND GENERAL ELECTRIC CO /OR/ (0000784977) (Issuer)
4 - PORTLAND GENERAL ELECTRIC CO /OR/ (0000784977) (Issuer)
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Participation in California Independent System Operator (CAISO) Extended Day-Ahead Market (EDAM) to enhance affordability, reliability and access to clean power. PORTLAND, Ore., March 21, 2024 /PRNewswire/ -- Portland General Electric (NYSE:POR) announced plans to join the California Independent System Operator's (CAISO) Extended Day-Ahead Market (EDAM) to help provide Portland General Electric (PGE) and the customers it serves with access to more affordable, reliable and clean energy. "Joining the CAISO Extended Day-Ahead Market is a significant next step toward an integrated regional system that will deliver cost savings and enhanced reliability for PGE customers," said Maria Pope, PGE
Experienced energy executive brings over two decades of financial expertise PORTLAND, Ore., June 15, 2023 /PRNewswire/ -- Portland General Electric (PGE) (NYSE:POR) today announced the appointment of Joseph (Joe) Trpik as chief financial officer and senior vice president, effective June 30, 2023. Trpik will succeed PGE's CFO, Jim Ajello, who previously announced plans to retire and will serve as a senior advisor through August 31, 2023. "We are pleased to welcome Joe to PGE," said Maria Pope, president and CEO. "At a time when the energy industry is becoming more complex, Joe's deep industry and financial expertise will be invaluable as we invest for growth, manage costs and deliver safe, r
Energy executive brings deep industry knowledge, strong leadership and proven operating expertise to PGE's commitment to delivering safe, reliable and affordable clean energy. PORTLAND, Ore., March 20, 2023 /PRNewswire/ -- Portland General Electric (PGE) (NYSE:POR) announced the appointment of Benjamin (Ben) Felton as the company's new Chief Operating Officer, effective April 3, 2023. In his role, Felton will lead the utility operations groups, including generation, distribution, engineering, project management, environmental, construction, safety and other operations-focused areas. "We are pleased to welcome Ben to PGE," said Maria Pope, president and CEO. "Ben brings a wealth of experience
The communications industry veteran brings years of experience to NWS Network Wireless Solutions, LLC ("NWS"), a rapidly growing solutions and logistics provider to carriers and telecommunications contractors, announced today the appointment of Michael Millegan to its board. NWS is a portfolio company of Grain Management, LLC ("Grain"), a leading Washington, D.C.-based investment firm focused on the global communications sector. Mr. Millegan is a seasoned technology executive with several years of experience leading company strategy, including sales, marketing, supply chain operations, cell site build-out, and engineering. Currently, Mr. Millegan serves as an independent board director fo
First quarter financial results reflect strong energy demand from high-tech and data centers, which drove total quarter-over-quarter load growth of 4.6% and 16.4% industrial load growthReaffirming 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted sharePORTLAND, Ore., April 25, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income based on generally accepted accounting principles (GAAP) of $100 million, or $0.91 per diluted share, for the first quarter of 2025. This compares with GAAP net income of $109 million, or $1.08 per diluted share, for the first quarter of 2024. After adjusting for the impact of the January 2024 storm, first quarter 20
PORTLAND, Ore., April 18, 2025 /PRNewswire/ -- On April 18, 2025, the board of directors of Portland General Electric Company (NYSE:POR) declared a quarterly common stock dividend of $0.525 per share, representing an increase of 5%, or $0.10 per share, on an annualized basis. The company's dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60 to 70% over the long term. The quarterly dividend is payable on or before July 15, 2025, to shareholders of record at the close of business on June 24, 2025. About Portland General Electric CompanyPortland General Electric (NYSE:POR) is an integrated energy company that generates, trans
PORTLAND, Ore., March 25, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, April 25, to review its first quarter 2025 financial results. Portland General Electric plans to release its first quarter 2025 earnings summary before financial markets open in the United States on April 25. The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations. To hear the conference call by webcast, log on to Portland General Electric's investor website at investors.portlandgeneral.com, s
Full-year 2024 GAAP financial results of $3.01 per diluted share; full-year 2024 non-GAAP adjusted financial results of $3.14 per diluted shareInitiating 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted share and reaffirming 5% to 7% long-term earnings per share growth using a base of $3.08 per diluted share, the mid-point of original 2024 adjusted earnings guidancePORTLAND, Ore., Feb. 14, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $313 million, or $3.01 per diluted share, for the year ended December 31, 2024, which includes the $0.13 per diluted share impact of the Janu
PORTLAND, Ore., Feb. 12, 2025 /PRNewswire/ -- On February 12, 2025, the board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.50 per share. The company's dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60 to 70% over the long term. The quarterly dividend is payable on or before April 15, 2025, to shareholders of record at the close of business on March 24, 2025. About Portland General Electric CompanyPortland General Electric (NYSE:POR) is an integrated energy company that generates, transmits and distributes electricity to over 950,000 customers serving an ar
PORTLAND, Ore., Jan. 14, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, February 14, to review its fourth quarter and full-year 2024 financial results. Portland General Electric plans to release its fourth quarter and full-year 2024 earnings summary before financial markets open in the United States on February 14. The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations. To hear the conference call by webcast, log on to Portland General Electric's investor website
Third quarter results reflect improved power cost conditions and continued robust demand growth from high-tech and data center customersNarrowing 2024 adjusted earnings guidance from $2.98 to $3.18 to a revised range of between $3.08 and $3.18 per diluted share to reflect year-to-date performancePORTLAND, Ore., Oct. 25, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income based on generally accepted accounting principles (GAAP) of $94 million, or $0.90 per diluted share, for the third quarter of 2024. This compares with GAAP net income of $47 million, or $0.46 per diluted share, for the third quarter of 2023. "Our focus on operational excellence, as we
PORTLAND, Ore., Oct. 18, 2024 /PRNewswire/ -- On October 18, 2024, the board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.50 per share. The company's dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60 to 70% over the long term. The quarterly dividend is payable on or before January 15, 2025, to shareholders of record at the close of business on December 24, 2024. About Portland General Electric CompanyPortland General Electric (NYSE:POR) is an integrated energy company that generates, transmits and distributes electricity to over 930,000 customers with a se
PORTLAND, Ore., Sept. 25, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, October 25, to review its third quarter 2024 financial results. Portland General Electric plans to release its third quarter 2024 earnings summary before financial markets open in the United States on October 25. The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations. To hear the conference call by webcast, log on to Portland General Electric's investor website at investors.portlandgeneral.co
Second quarter results reflect continued focus on execution and cost management, semiconductor manufacturing and data center demand growth, and solid power cost performanceReaffirming 2024 adjusted earnings guidance of $2.98 to $3.18 per diluted share PORTLAND, Ore., July 26, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income based on generally accepted accounting principles (GAAP) of $72 million, or $0.69 per diluted share, for the second quarter of 2024. This compares with GAAP net income of $39 million, or $0.39 per diluted share, for the second quarter of 2023, which included the $0.05 per diluted share impact from the Boardman revenue requirement