Portland General Electric (POR)
NYSEUtilitiesRegulated ElectricSnapshot 2026-09-04
$48.76-0.83%
Close 2026-09-04 · 1-day change
NYSEUtilitiesRegulated ElectricSnapshot 2026-09-04
Warn: Primary pillar under pressure — Maintain cash from operations near $268 million in Q1 2026: OCF $268M vs $268M target.
Portland General Electric steadily raises its dividend, from $0.5 to $0.525 per share in one year. It maintains strong cash flow, with $268 million from operations in Q1 2026. Analysts expect earnings per share around $3.39 in 2026, supporting income stability.
The company missed earnings in Q1 2026 by 25%. Net income growth is weak and volatile, with $45 million in Q1 2026 below prior peaks. Management execution is unstable, risking dividend and cash flow targets.
The stock price is about 4% above our fair value near $50. Analysts expect roughly 9% revenue growth, which is optimistic given recent earnings misses and soft guidance.
Breaks if: cash from operations falls below $268 million in 2026-Q1
Breaks if: dividend per share fails to reach $0.53 by 2026-Q1
Breaks if: EPS consensus falls below $3.39 for FY 2026
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a utility company with a focus on steady dividend growth and regional expansion. The current thesis state is mixed, reflecting both positive management priorities and recent performance challenges.
The market appears to have priced in a justified valuation that is cheap compared to peers. There is a notable expectations gap, suggesting that investors may anticipate weaker performance based on recent results.
Fundamentals are likely to remain stable, with management executing on cost control and maintaining dividend growth. However, the company has recently missed earnings expectations, which adds some uncertainty to its near-term outlook.
The thesis hinges on several factors, including the potential for favorable movements in interest rates and the performance of sector peers. Additionally, any changes in guidance from management could significantly impact investor sentiment.
The most important moves since the prior daily snapshot.
Mixed, the news cuts both ways. The latest earnings beat supports the read on POR. However, missed earnings indicate struggles in improving net income. Additionally, proposed rate increases may impact cash flow and customer satisfaction.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: net income falls below $45 million in 2026-Q1
Overall, POR's trajectory will depend on its ability to navigate sector challenges while executing its strategic priorities. Not investment advice.