Reading the tape
NYSE: POR
Portland General Electric Company
Utilities · Regulated Electric
Market Cap
$6.01B
52w High
$54.62
52w Low
$39.55
P/E
18.75
Volume
1.34M
Outstanding Shares
115.73M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 23.29%Revenue (TTM): 0.38%FCF (TTM): 85.51%P/E: 33rd pct
What changed
The stock rose 23.29% over the last year. Revenue grew 0.38% over the trailing twelve months. Operating margin moved from 14.88% to 16.74%. Free cash flow grew 85.51% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 33rd percentile of their historical P/E range.
What would invalidate this read
Operating margin is at 16.74%. Revenue grew 0.38% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
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.
CEOMaria MacGregor Pope
SectorUtilities
IndustryRegulated Electric
Employees2,915
IPO dateMar 31, 2006
Valuation
Forward P/E—
EV/EBITDA9.12
Enterprise value$10.76B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth1.94%
Gross margin41.67%▼9.61%vs FY2024
Operating margin16.74%▲12.47%vs FY2024
ROE7.4%▼10.26%vs FY2024
Analyst consensus
RatingHold
Target price$52.33▲0.77%
6
Buy
15
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 1, 2026
Q2 FY26 · EPS est $0.77 · Revenue est $953.23M
View
Dividends
$2.13/shareQuarterlyDividend Achiever · 19yrAt RiskPOR pays a dividend with a 4.09% declared yield, 19 consecutive years of growth, growing at 5.16% annually, covered -0.3× by free cash flow.
Declared Yield
4.09%
Annual Div / Share
$2.13
5yr CAGR
+5.16%
Doubles every ~13.8yr
Payout Ratio
73.53%
At Risk
Dividend Growth Rate
3yr CAGR
+5.06%
5yr CAGR
+5.16%
10yr CAGR
+5.71%
Dividend Safety
2/10At Risk
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$2.13+4.9%
2025$2.02+5.2%
2024$1.93+5.0%
2023$1.83+5.2%
2022$1.74+5.4%
2021$1.65+7.3%
2020$1.54+4.6%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$41/yr
$3/mo
In 5 yrs
$53/yr+29%
$4/mo
In 10 yrs
$68/yr+65%
$6/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$41/yr $3/mo | $53/yr+29% $4/mo | $68/yr+65% $6/mo |
Yield-on-cost grows from 4.09% → 6.77% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
POR has raised its dividend for 19 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Strong dividend growth rate
The 5-year CAGR of 5.16% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -0.32× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.