Portland General Electric Company (POR) Stock

Portland General Electric Company (POR) is a Utilities stock trading at $49.60 (as of 2026-08-21), with a market capitalization of $5.83B and a trailing P/E of 22.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Portland General Electric Company generates electricity and engages in wholesale purchases, transmission, distribution, and retail sales in Oregon. It operates thermal, wind, and hydro facilities and provides service to residential, commercial, and industrial customers through its transmission and distribution systems.

Understand Portland General Electric Company: how it makes money

Portland General Electric generates and distributes electricity in Oregon and sells it to retail customers, making money primarily from its retail electricity revenues, with additional contribution from alternative revenue programs.

The profit engine is serving electricity demand through retail electricity sales (captured in Revenues, Net), where reported residential and commercial load decreases can reduce the underlying volume, partially offset by alternative revenue programs.

Revenue by segment (latest quarter)
Revenues	$0.9B
Alt Rev	$0.0B

Business quality (Weak): Good visibility on demand-related operating indicators (residential and commercial load decrease), but the provided segment breakdown is limited to two revenue line items and does not include a fuller official segment structure.

Valuation: At 23× earnings, POR trades in line with the Utilities average (22×). Note: one-time items can distort reported P/E.

Bull case

Demand is monitored through load trends across both residential and commercial customers, which helps investors track the key driver behind electricity sales volume: Residential Load Decrease (Reported, Nominal) and Commercial Load Decrease (Reported, Nominal).
The company is adding new data center customers, which can support electricity consumption growth relative to baseline residential and commercial load trends: Data Center Customer Contracts Added.
It also participates in customer programs (including Green Future Program Enrollment) that can influence customer behavior and demand patterns: Green Future Program Enrollment.

Bear case

Reported residential and commercial load decreases indicate weakening electricity demand, which can pressure retail electricity revenues: Residential Load Decrease (Reported, Nominal), Commercial Load Decrease (Reported, Nominal).
Demand changes may be weather-sensitive, so results can vary depending on Heating Degree Days and how weather impacts load: Heating Degree Days, Weather-Adjusted Residential Load, Weather-Adjusted Commercial Load.
Alternative revenue programs appear small relative to main revenues, so they may provide limited offset if core load declines worsen: Alternative Revenue Programs, Net of Amortization versus Revenues, Net.

Valuation — source: SEC EDGAR (first-party)
Price	$49.60
Market Cap	$5.83B
P/E Ratio	22.3
EV / EBITDA	9.9
Price / Book	1.41
Price / Sales	1.66
FCF Yield	-1.0%
DCF Value (model)	$16.86
DCF Upside vs Price	-66.0%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$3.58B
Net Margin	8.6%
Revenue Growth (YoY)	1.9%
EPS Growth (YoY)	2.9%
FCF Growth (YoY)	-36.0%

Financial Health — source: SEC EDGAR
Altman Z-Score	0.98 (distress)

Valuation vs Sector & Industry
Stock P/E	22.3
Sector P/E (Utilities)	20.8
Industry P/E (Utilities)	20.1
vs Sector	7.2%
vs Industry	11.3%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($919.65M)
Institutional Holders Tracked	10
Congressional Trades (recent)	1

Company
Sector	Utilities
Industry	Utilities
CEO	Maria MacGregor Pope
Employees	2,915
Country	US
IPO Date	2006-03-31

Related Companies (Business model: Regulated Utility (Electric / Gas); 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.