Portland General Electric (POR)
Vertically integrated electric utility serving residential, commercial, and industrial customers across Oregon.
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Generates, purchases, transmits, distributes, and sells electricity to residential, commercial, and industrial customers across a regulated Oregon service territory. Revenue comes mainly from retail electricity and delivery within a single utility segment, with grid investment, clean-energy procurement, and state-approved cost recovery shaping the business.
Generates, purchases, transmits, distributes, and sells electricity across a state-approved Oregon service territory centered on Portland. Retail operations serve residential, commercial, and industrial customers, while wholesale purchases and sales, fuel management, and environmental credits support supply and risk management. The business reports as a single electric-utility segment.
Execution centers on grid reliability, resource planning, wildfire and severe-weather resilience, customer programs, and adding renewable generation and battery storage. Recent load growth comes from high-tech manufacturing and data centers, alongside broader residential and commercial demand.
Revenue comes primarily from electricity sales and delivery under Oregon cost-of-service regulation. Results depend on regulator-approved recovery of generation, purchased-power, transmission, distribution, and resilience costs; federal oversight also applies to wholesale markets, transmission, reliability, and hydroelectric licensing.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 13, 2026 | Ladenburg Thalmann | Upgrade | ||
| Aug 4, 2026 | BMO Capital | Target | Target: $54 | Target: $52 |
| Jul 22, 2026 | BMO Capital | Reiterate | Rating: —Target: $55 | Target: $54 |
| Apr 21, 2026 | Wells Fargo | Target | Target: $49 | Target: $51 |
| Feb 19, 2026 | UBS | Reiterate | Rating: —Target: $49 | Target: $55 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $35.0M · Total debt $5.21B · Total assets $13.64B · Shareholders' equity $4.12B
- Revenue
- $787.0M
- Operating income
- $123.0M
- Net income
- $68.0M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 106.28% | 125.00M shares | |
|---|---|---|---|
| 512 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 5.34% | 6.28M shares | |
| 20 holders · as of Jul 28, 2026 | |||
| Adds to | 111.62% | ||
117.61M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 111.62%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 15.92% | 18.72M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.21% | 7.30M | as of Jun 30, 2026 |
Clearbridge Investments, LLCInstitution | 5.41% | 6.36M | as of Jun 30, 2026 |
ATLAS InfrastructureInsider | 4.81% | 5.66M | filed Feb 14, 2024 |
Vanguard Capital Management LLCInstitution | 4.45% | 5.24M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 27, 2026 | Michael A. Lewis | director | −1,537 | $51.83 |
| May 8, 2026 | Juan Diego Gallegos | officer: VP, CHRO | −2,750 | $48.68 |
| May 11, 2026 | Robert N. Hoglund | director | +2,000 | $48.80 |
| May 11, 2026 | John Carter McFarland | officer: SVP, Commercial & Customer | −2,390 | $48.52 |
| May 6, 2026 | Joseph R. JR Trpik | officer: SVP, CFO | −7,500 | $49.03 |
- Avista
Regional electric and gas peer across the Pacific Northwest
- IDACORP
Neighboring Oregon-Idaho electric utility peer
- NW Natural
Local gas alternative for heating and appliances
- Constellation Energy
Direct Access electricity supplier for large C&I load
- The MDU Resources Group
Cascade gas parent in Oregon and Washington energy delivery
- TransAlta
Pacific Northwest wholesale generation and power marketing peer
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Portland General Electric | $47.70 | +1.34% | $5.45B | 20.6 | 12.9 | 1.6 | +0.9% |
| Avista | $36.14 | +0.11% | $3.02B | 13.0 | 13.8 | 1.6 | +0.5% |
| IDACORP | $130.79 | +0.25% | $7.55B | 21.6 | 19.8 | 4.2 | +4.2% |
| NW Natural | $48.21 | +0.28% | $2.02B | 15.7 | 15.0 | 1.6 | +3.1% |
| Constellation Energy | $264.76 | +1.01% | $94.12B | 25.5 | 21.3 | 3.0 | +23.0% |
| The MDU Resources Group | $18.63 | +0.32% | $3.88B | 19.5 | 18.4 | 2.1 | +6.8% |
| TransAlta | $11.96 | −2.88% | $3.67B | — | 44.8 | 2.3 | +7.9% |
| Median | 19.5 | 19.1 | 2.2 | +5.5% |