Buy Or Sell Opportunity • Jun 25
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at €44.00. The fair value is estimated to be €36.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Upcoming Dividend • Jun 18
Upcoming dividend of US$0.55 per share Eligible shareholders must have bought the stock before 25 June 2026. Payment date: 15 July 2026. Payout ratio is on the higher end at 94%, and the cash payout ratio is above 100%. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.7%). Annuncio • Jun 09
Judge Denies Motions to Dismiss Groundwater Contamination Lawsuit Against Port of Morrow, Lamb Weston, Portland General Electric, Columbia River Processing, Madison Ranches, and Threemile Canyon A federal judge denied motions to dismiss a class-action lawsuit accusing the Port of Morrow, commercial farms and operators of contaminating groundwater in Oregon’s Lower Umatilla Basin Groundwater Management Area (LUBGWMA), according to attorneys at Hagens Berman and co-counsel Bliven Law Firm and Heenan & Cook. The ruling, issued June 5, 2026, by U.S. District Judge Michael H. Simon of the District of Oregon, greenlights claims under the federal Resource Conservation and Recovery Act (RCRA) and Oregon state law against defendants Port of Morrow, Lamb Weston, Portland General Electric, Columbia River Processing, Madison Ranches and Threemile Canyon Farms. The court has scheduled a three-week jury trial to begin May 3, 2027. According to the lawsuit, the Port of Morrow operates an industrial wastewater treatment facility whose tenants — including Lamb Weston, Portland General Electric and Columbia River Processing — generate nitrogen-rich wastewater that they send to the Port for disposal. The Port pumps wastewater to local farmland in quantities allegedly exceeding what crops can absorb and during the non-growing winter months, according to the lawsuit. This runoff renders local drinking water unsafe for upwards of 45,000 residents, according to the lawsuit, and nitrate contamination can potentially lead to serious health problems, especially for children. The Port has been publicly cited and fined for repeatedly violating its Department of Environmental Quality (DEQ) discharge permit since at least 2007. The ruling allows claims under the federal RCRA and Oregon law to proceed, including claims for negligence, trespass and nuisance. The court also allowed plaintiffs’ request for the remedy of medical monitoring to proceed under both federal and Oregon law, aimed at promoting early detection and treatment of diseases linked to excess nitrate exposure. Hagens Berman and co-counsel previously announced a $20.5 million settlement reached with Amazon Data Services over similar allegations arising from its data center operations in the region. That settlement is currently pending court approval. The LUBGWMA encompasses 562 square miles in northern Morrow and Umatilla counties, and thousands of residents with private wells face nitrate-contaminated tap water so severely polluted that it is unsafe to drink, forcing them to rely on bottled water. At elevated levels, nitrates can cause birth defects, cellular damage and cancer, and infants face a potentially fatal condition in which nitrate consumption prevents the blood from carrying oxygen. Annuncio • Jun 05
Portland General Electric Company et al. Submit 2025 Annual Water Quality Monitoring Report re the Pelton Round Butte Hydroelectric Project Under P-2030 to Federal Energy Regulatory Commission Portland General Electric Company and the Confederated Tribes of the Warm Springs Reservation of Oregon are the Joint Licensees for the Pelton Round Butte Hydroelectric Project (Project No. 2030). On June 21, 2005, the Commission issued an Order Approving Settlement and Issuing New License, Portland General Electric Company & Confederated Tribes of the Warm Springs Reservation of Oregon, 111 FERC ¶ 61,450 (2005), order on reh ’ g 117 FERC ¶ 61,112 (2006). Article 416 of the license requires the Joint Licensees to file with the Commission a copy of their annual report of water quality monitoring pursuant to the Water Quality Management and Monitoring Plan approved by the Oregon Department of Environmental Quality and the Confederated Tribes of the Warm Springs Reservation Water Control Board as part of the water quality certifications issued by those agencies for the Project and attached to the license as Appendices 1 and 2, respectively. Pursuant to Article 416, this annual report is to be filed with the Commission and the Fish Committee within 30 days of its filing with DEQ and WCB. By order dated April 2, 2008, the Commission required that the report be filed by June 1 each year. Portland General Electric Company & Confederated Tribes of the Warm Springs Reservation of Oregon, 123 FERC ¶ 62,008 (2008), Pursuant to Article 416, attached for filing with the Commission is a copy of the Joint Licensees' 2025 Water Quality Monitoring Report, which will be filed with DEQ and the WCB. This report was prepared in consultation with DEQ and WCB. The review draft was distributed on April 30, 2026. The consultation record is documented and attached as Appendix 3. Buy Or Sell Opportunity • May 28
Now 22% overvalued Over the last 90 days, the stock has fallen 3.1% to €43.80. The fair value is estimated to be €36.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Declared Dividend • May 20
First quarter dividend of US$0.55 announced Shareholders will receive a dividend of US$0.55. Ex-date: 25th June 2026 Payment date: 15th July 2026 Dividend yield will be 4.5%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) nor is it covered by cash flows (387% cash payout ratio). The dividend has increased by an average of 6.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 4.1% to bring the payout ratio under control. EPS is expected to grow by 37% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Annuncio • Apr 25
Portland General Electric Company Declares Quarterly Common Stock Dividend, Payable on or Before July 15, 2026 On April 24, 2026, the board of directors of Portland General Electric Company declared a quarterly common stock dividend of $0.55125 per share, representing an increase of 5%, or $0.105 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, 2026, to shareholders of record at the close of business on June 25, 2026. Annuncio • Apr 04
Portland General Electric Company to Report Q1, 2026 Results on May 01, 2026 Portland General Electric Company announced that they will report Q1, 2026 results Pre-Market on May 01, 2026 Annuncio • Mar 16
Portland General Electric Company, Annual General Meeting, Apr 24, 2026 Portland General Electric Company, Annual General Meeting, Apr 24, 2026. Annuncio • Feb 17
Portland General Electric Company has filed a Follow-on Equity Offering in the amount of $500 million. Portland General Electric Company has filed a Follow-on Equity Offering in the amount of $500 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Annuncio • Feb 14
Portland General Electric Company Declares Quarterly Common Stock Dividend, Payable on or Before April 15, 2026 On February 13, 2026, the board of directors of Portland General Electric Company declared a quarterly common stock dividend of $0.525 per share. The quarterly dividend is payable on or before April 15, 2026, to shareholders of record at the close of business on March 23, 2026. Annuncio • Jan 21
Portland General Electric Company to Report Q4, 2025 Results on Feb 20, 2026 Portland General Electric Company announced that they will report Q4, 2025 results Pre-Market on Feb 20, 2026 Annuncio • Dec 06
Hagens Berman: Oregon Lawsuit Alleging Nitrate-Polluted Groundwater Filed Against Portland General Electric Company and Columbia River Processing Llc Oregon residents represented by attorneys at Hagens Berman, Bliven Law Firm and Heenan & Cook filed a new lawsuit accusing Portland General Electric Company (PGE) and Columbia River Processing LLC, subsidiary of Tillamook County Creamery Association, of contaminating groundwater in northeast Oregon with dangerous levels of nitrates, associated with significant health problems. The Dec. 5, 2025, lawsuit comes from the same group of attorneys in a similar lawsuit against the Port of Morrow, large commercial farms and confined animal feeding operations (CAFOs) alleging groundwater contamination in the same region. In that case, U.S. Magistrate Judge Andrew Hallman issued a finding recommending that claims under the federal Resource Conservation and Recovery Act and Oregon law — including claims for negligence, trespass, nuisance and inverse condemnation — be allowed to proceed. Attorneys estimate the dumping of nitrogen onto land throughout Morrow and Umatilla Counties affects thousands of residents in Oregon’s Lower Umatilla Basin, many of whom are children: “for tens of thousands of people who live in Oregon’s Morrow and Umatilla counties, including Plaintiffs and other Class members, accessing potable water is not so simple because their water is dangerously polluted,” the lawsuit states. The new filing states that PGE and Tillamook’s industrial processes generate hundreds of millions of gallons of high-nitrate wastewater every year. The lawsuit alleges as rather than properly discarding this wastewater, they send it to the Port of Morrow, a port authority that runs an industrial wastewater treatment and disposal system—even though both defendants know that upon receiving wastewater from PGE and Tillamook, the Port dumps the water, without first removing the nitrates, directly onto land in Oregon’s Morrow and Umatilla counties. The water then percolates down into the Lower Umatilla Basin allegedly causing massive groundwater pollution. The lawsuit filed in the U.S. District Court for the District of Oregon on behalf of residents of the Lower Umatilla Basin Groundwater Management Area states that the tap water, which comes from private wells, in their homes is so polluted with nitrates that it is unsafe to drink, leaving them unable to drink their own tap water and dependent on bottled water for all drinking, cooking and other household purposes. While those who have the privilege to use public water that is treated to remove the nitrates are spared the health concerns, the lawsuit states that they face inflated water bills to cover public water departments’ outlays on removing and treating the contaminated water. The filing states that at high concentrations, nitrates cause cell damage and lead to birth defects and cancer. Also according to the lawsuit, infants are at particular risk from nitrates because they are “susceptible to methemoglobinemia (or ‘Blue Baby Syndrome’), a condition caused by nitrate consumption that prevents blood from carrying oxygen and can be fatal.” The lawsuit seeks to compel remediation and or to compel PGE and Tillamook to cease their polluting practices under the Resource Conservation and Recovery Act as well as state law claims. It also seeks damages for private well users who will need to spend an estimated $40,000 to dig deeper to get clean water, as well as damages for those paying higher water bills due to water treatment that the cities must pay for to combat nitrate pollution. Annuncio • Oct 23
Portland General Electric Declares Quarterly Common Stock Dividend, Payable on or Before January 15, 2026 On October 22, 2025, the board of directors of Portland General Electric Company declared a quarterly common stock dividend of $0.525 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, 2026, to shareholders of record at the close of business on December 22, 2025. Annuncio • Oct 01
Portland General Electric Company to Report Q3, 2025 Results on Oct 31, 2025 Portland General Electric Company announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Oct 31, 2025 Annuncio • Aug 30
Dawn Farrell to Resign as Member of the Board of Directors and Member of the Finance and Operations Committee and the Nominating, Governance and Sustainability Committee of Portland General Electric Company, Effective October 1, 2025 Portland General Electric Company announced that on August 29, 2025, Dawn Farrell, a member of the Board of Directors of the company notified the Company of her intention to resign from the Company’s Board of Directors to accept an appointment with the Canadian government as the Chief Executive Officer of the newly created Major Projects Office launched by the Prime Minister of Canada under the Building Canada Act. Ms. Farrell joined the Company’s Board of Directors in 2022 and was a member of the Finance and Operations Committee and the Nominating, Governance and Sustainability Committee. The effective date of Ms. Farrell’s resignation is October 1, 2025. Annuncio • Jul 26
Portland General Electric Company has filed a Follow-on Equity Offering. Portland General Electric Company has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,452,692
Transaction Features: Dividend Reinvestment Plan Annuncio • Jun 27
Portland General Electric Company to Report Q2, 2025 Results on Jul 25, 2025 Portland General Electric Company announced that they will report Q2, 2025 results Pre-Market on Jul 25, 2025 Annuncio • Jun 12
Portland General Electric Company Appoints Renee James as Director and Member of Compensation, Culture and Talent Committee and the Finance and Operations Committee, Effective June 11, 2025 On June 11, 2025, the Board of Directors of Portland General Electric Company elected Renée James to serve as a director of the Company, effective June 11, 2025, until the next annual meeting of shareholders. The Board also appointed Ms. James to serve on the Compensation, Culture and Talent Committee and the Finance and Operations Committee of the Board. Ms. James is the founder and current Chairman and CEO of Ampere Computing. Ms. James currently serves on the Boards of Directors at Ampere Computing LLC and Citigroup Inc. Previously, she held a variety of leadership positions at Intel Corporation, including serving as President as well as the Executive Vice President to lead research and development and global manufacturing operations. James has vast, global operating experience in both hardware and software development and manufacturing of semiconductors. She has led several development sites around the globe as well as directed Intel's government affairs in those regions. She holds a BA and MBA from the University of Oregon. Annuncio • Apr 19
Portland General Electric Company Declares Quarterly Dividend on Common Stock, Payable on July 15, 2025 On April 18, 2025, the board of directors of Portland General Electric Company 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 quarterly dividend is payable on or before July 15, 2025, to shareholders of record at the close of business on June 24, 2025. Annuncio • Mar 26
Portland General Electric Company to Report Q1, 2025 Results on Apr 25, 2025 Portland General Electric Company announced that they will report Q1, 2025 results Pre-Market on Apr 25, 2025 Annuncio • Mar 07
Portland General Electric Company, Annual General Meeting, Apr 18, 2025 Portland General Electric Company, Annual General Meeting, Apr 18, 2025. Annuncio • Feb 13
Portland General Electric Declares Quarterly Dividend, Payable on or Before April 15, 2025 On February 12, 2025, the board of directors of Portland General Electric Company declared a quarterly common stock dividend of $0.50 per share. The quarterly dividend is payable on or before April 15, 2025, to shareholders of record at the close of business on March 24, 2025. Annuncio • Jan 15
Portland General Electric Company to Report Q4, 2024 Results on Feb 14, 2025 Portland General Electric Company announced that they will report Q4, 2024 results Pre-Market on Feb 14, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: US$0.91 (vs US$0.47 in 3Q 2023) Third quarter 2024 results: EPS: US$0.91 (up from US$0.47 in 3Q 2023). Revenue: US$929.0m (up 16% from 3Q 2023). Net income: US$94.0m (up 100% from 3Q 2023). Profit margin: 10% (up from 5.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year. Declared Dividend • Oct 23
Second quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 24th December 2024 Payment date: 15th January 2025 Dividend yield will be 4.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (66% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Oct 19
Portland General Electric Company Declares Quarterly Dividend, Payable on or Before January 15, 2025 On October 18, 2024, the board of directors of Portland General Electric Company declared a quarterly common stock dividend of $0.50 per share. The quarterly dividend is payable on or before January 15, 2025, to shareholders of record at the close of business on December 24, 2024. 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. Annuncio • Sep 26
Portland General Electric Company to Report Q3, 2024 Results on Oct 25, 2024 Portland General Electric Company announced that they will report Q3, 2024 results Pre-Market on Oct 25, 2024 Upcoming Dividend • Sep 17
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 24 September 2024. Payment date: 15 October 2024. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (4.3%). Buy Or Sell Opportunity • Jul 30
Now 20% undervalued Over the last 90 days, the stock has risen 6.4% to €43.00. The fair value is estimated to be €53.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 3.8%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 8.0% per annum over the same time period. Reported Earnings • Jul 28
Second quarter 2024 earnings released: EPS: US$0.70 (vs US$0.40 in 2Q 2023) Second quarter 2024 results: EPS: US$0.70 (up from US$0.40 in 2Q 2023). Revenue: US$758.0m (up 17% from 2Q 2023). Net income: US$72.0m (up 85% from 2Q 2023). Profit margin: 9.5% (up from 6.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year. Annuncio • Jul 27
Portland General Electric Company has filed a Follow-on Equity Offering in the amount of $400 million. Portland General Electric Company has filed a Follow-on Equity Offering in the amount of $400 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Declared Dividend • Jul 24
First quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 24th September 2024 Payment date: 15th October 2024 Dividend yield will be 4.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Jul 20
Portland General Electric Declares Quarterly Dividend, Payable on or Before October 15, 2024 On July 19, 2024, the board of directors of Portland General Electric Company declared a quarterly common stock dividend of $0.50 per share. The quarterly dividend is payable on or before October 15, 2024, to shareholders of record at the close of business on September 24, 2024. Annuncio • Jun 27
Portland General Electric Company to Report Q2, 2024 Results on Jul 26, 2024 Portland General Electric Company announced that they will report Q2, 2024 results Pre-Market on Jul 26, 2024 Upcoming Dividend • Jun 17
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 24 June 2024. Payment date: 15 July 2024. Payout ratio is a comfortable 72% but the company is not cash flow positive. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.6%). Recent Insider Transactions • May 14
President recently sold €1.9m worth of stock On the 10th of May, Maria Pope sold around 45k shares on-market at roughly €41.55 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Maria's only on-market trade for the last 12 months. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: US$1.08 (vs US$0.81 in 1Q 2023) First quarter 2024 results: EPS: US$1.08 (up from US$0.81 in 1Q 2023). Revenue: US$929.0m (up 24% from 1Q 2023). Net income: US$109.0m (up 47% from 1Q 2023). Profit margin: 12% (up from 9.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 24
Fourth quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 24th June 2024 Payment date: 15th July 2024 Dividend yield will be 4.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Apr 20
Portland General Electric Company Declares Quarterly Dividend, Payable on or Before July 15, 2024 The board of directors of Portland General Electric Company declared a quarterly common stock dividend of $0.50 per share, representing an increase of 5.3%, or $0.10 per share, on an annualized basis. The quarterly dividend is payable on or before July 15, 2024, to shareholders of record at the close of business on June 24, 2024. Annuncio • Mar 27
Portland General Electric Company to Report Q1, 2024 Results on Apr 26, 2024 Portland General Electric Company announced that they will report Q1, 2024 results Pre-Market on Apr 26, 2024 Upcoming Dividend • Mar 14
Upcoming dividend of US$0.47 per share Eligible shareholders must have bought the stock before 21 March 2024. Payment date: 15 April 2024. Payout ratio is on the higher end at 81% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (5.9%). Annuncio • Mar 07
Portland General Electric Company, Annual General Meeting, Apr 19, 2024 Portland General Electric Company, Annual General Meeting, Apr 19, 2024, at 08:00 Pacific Standard Time. Agenda: To consider election to company Board of Directors of the 9 nominees identified in the Proxy Statement; to consider Advisory vote to approve the compensation of company named executive officers; to consider ratification of the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for fiscal year 2024; ; to consider approval of PGE's amended and restated employee stock purchase plan; and to consider other business matters properly brought before our 2024 Annual Meeting. Declared Dividend • Feb 18
Fourth quarter dividend of US$0.47 announced Shareholders will receive a dividend of US$0.47. Ex-date: 21st March 2024 Payment date: 15th April 2024 Dividend yield will be 4.7%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 17
Full year 2023 earnings released: EPS: US$2.33 (vs US$2.61 in FY 2022) Full year 2023 results: EPS: US$2.33 (down from US$2.61 in FY 2022). Revenue: US$2.92b (up 10% from FY 2022). Net income: US$228.0m (down 2.1% from FY 2022). Profit margin: 7.8% (down from 8.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year. Annuncio • Feb 10
Portland General Electric Company Declares Quarterly Dividend, Payable on or Before April 15, 2024 On February 9, 2024, the board of directors of Portland General Electric Company declared a quarterly common stock dividend of $0.475 per share. The quarterly dividend is payable on or before April 15, 2024, to shareholders of record at the close of business on March 22, 2024. Annuncio • Jan 17
Portland General Electric Company to Report Q4, 2023 Results on Feb 16, 2024 Portland General Electric Company announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Feb 16, 2024 Upcoming Dividend • Dec 15
Upcoming dividend of US$0.47 per share at 4.3% yield Eligible shareholders must have bought the stock before 22 December 2023. Payment date: 15 January 2024. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (5.4%). Reported Earnings • Oct 28
Third quarter 2023 earnings released: EPS: US$0.47 (vs US$0.65 in 3Q 2022) Third quarter 2023 results: EPS: US$0.47 (down from US$0.65 in 3Q 2022). Revenue: US$802.0m (up 7.9% from 3Q 2022). Net income: US$47.0m (down 19% from 3Q 2022). Profit margin: 5.9% (down from 7.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.7% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 28
Portland General Electric Company to Report Q3, 2023 Results on Oct 27, 2023 Portland General Electric Company announced that they will report Q3, 2023 results on Oct 27, 2023 Upcoming Dividend • Sep 15
Upcoming dividend of US$0.47 per share at 4.3% yield Eligible shareholders must have bought the stock before 22 September 2023. Payment date: 16 October 2023. Payout ratio is on the higher end at 76% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (5.4%). Recent Insider Transactions • Aug 30
Vice President of Human Resources recently sold €446k worth of stock On the 25th of August, Anne Mersereau sold around 11k shares on-market at roughly €40.99 per share. This transaction amounted to 80% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €722k more than they bought in the last 12 months. Reported Earnings • Jul 29
Second quarter 2023 earnings released: EPS: US$0.40 (vs US$0.72 in 2Q 2022) Second quarter 2023 results: EPS: US$0.40 (down from US$0.72 in 2Q 2022). Revenue: US$648.0m (up 9.6% from 2Q 2022). Net income: US$39.0m (down 39% from 2Q 2022). Profit margin: 6.0% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.8% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year. Annuncio • Jul 23
Portland General Electric Company Declares Quarterly Common Stock Dividend, Payable on or Before October 16, 2023 On July 21, 2023, the board of directors of Portland General Electric Company declared a quarterly common stock dividend of $0.475 per share. The quarterly dividend is payable on or before October 16, 2023, to shareholders of record at the close of business on September 25, 2023. Annuncio • Jun 29
Portland General Electric Company to Report Q2, 2023 Results on Jul 28, 2023 Portland General Electric Company announced that they will report Q2, 2023 results Pre-Market on Jul 28, 2023 Annuncio • Jun 17
Portland General Electric Company Announces Executive Changes Portland General Electric (PGE) announced the appointment of Joseph (Joe) Trpik as chief financial officer, 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. Trpik comes to PGE with more than 20 years in senior leadership with Exelon, one of the nation's utility companies serving over 10 million customers, where he served most recently as senior vice president and chief accounting officer. He previously was senior vice president and chief financial officer of Exelon Utilities as well as senior vice president and chief financial officer of ComEd, Exelon's utility subsidiary. In these roles, Trpik had direct responsibility for financial planning and analysis, capital allocation, cost management, risk management, financial systems, accounting, tax and investor communications, among other functions. Trpik holds Bachelor of Science degrees in Finance and Accounting from Florida State University. Upcoming Dividend • Jun 16
Upcoming dividend of US$0.47 per share at 3.9% yield Eligible shareholders must have bought the stock before 23 June 2023. Payment date: 17 July 2023. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.9%). Annuncio • Jun 16
Portland General Electric Company Appoints Joseph (Joe) Trpik as Senior Vice President, Effective June 30, 2023 Portland General Electric (PGE) announced the appointment of Joseph (Joe) Trpik as 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. Trpik comes to PGE with more than 20 years in senior leadership with Exelon, where he served most recently as senior vice president and chief accounting officer. He previously was senior vice president and chief financial officer of Exelon Utilities as well as senior vice president and chief financial officer of ComEd, Exelon's largest utility subsidiary. In these roles, Trpik had direct responsibility for financial planning and analysis, capital allocation, cost management, risk management, financial systems, accounting, tax and investor communications, among other functions. Trpik holds Bachelor of Science degrees in Finance and Accounting from Florida State University. Recent Insider Transactions • May 10
Insider recently sold €139k worth of stock On the 8th of May, John Kochavatr sold around 3k shares on-market at roughly €46.40 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €232k more than they bought in the last 12 months. Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: US$0.81 (vs US$0.67 in 1Q 2022) First quarter 2023 results: EPS: US$0.81 (up from US$0.67 in 1Q 2022). Revenue: US$748.0m (up 20% from 1Q 2022). Net income: US$74.0m (up 23% from 1Q 2022). Profit margin: 9.9% (in line with 1Q 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.6% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 22
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 4.0%. The fair value is estimated to be €56.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 6.6%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings is also forecast to grow by 8.0% per annum over the same time period. Recent Insider Transactions • Mar 18
Insider recently sold €91k worth of stock On the 9th of March, Sims Brett sold around 2k shares on-market at roughly €44.43 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €93k more than they bought in the last 12 months. Upcoming Dividend • Mar 17
Upcoming dividend of US$0.45 per share at 3.7% yield Eligible shareholders must have bought the stock before 24 March 2023. Payment date: 17 April 2023. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.6%). Annuncio • Feb 19
Portland General Electric Provides Earnings Guidance for the Full Year 2023 Portland General Electric provides earnings guidance for the full year 2023. For the full year 2023, The company expects earnings to be in the range of $2.60 to $2.75 per share. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: US$2.61 (vs US$2.73 in FY 2021) Full year 2022 results: EPS: US$2.61 (down from US$2.73 in FY 2021). Revenue: US$2.65b (up 11% from FY 2021). Net income: US$233.0m (down 4.5% from FY 2021). Profit margin: 8.8% (down from 10% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annuncio • Feb 11
Portland General Electric Company Declares Quarterly Dividend, Payable on or Before April 17, 2023 On February 10, 2023, the board of directors of Portland General Electric Company declared a quarterly common stock dividend of $0.4525 per share. The quarterly dividend is payable on or before April 17, 2023, to shareholders of record at the close of business on March 27, 2023. Annuncio • Jan 14
Portland General Electric Company to Report Q4, 2022 Results on Feb 16, 2023 Portland General Electric Company announced that they will report Q4, 2022 results Pre-Market on Feb 16, 2023 Upcoming Dividend • Dec 16
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 23 December 2022. Payment date: 17 January 2023. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.3%). Annuncio • Oct 27
Portland General Electric Company has completed a Follow-on Equity Offering in the amount of $434.3 million. Portland General Electric Company has completed a Follow-on Equity Offering in the amount of $434.3 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 10,100,000
Price\Range: $43 Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: US$0.65 (vs US$0.56 in 3Q 2021) Third quarter 2022 results: EPS: US$0.65 (up from US$0.56 in 3Q 2021). Revenue: US$743.0m (up 16% from 3Q 2021). Net income: US$58.0m (up 16% from 3Q 2021). Profit margin: 7.8% (in line with 3Q 2021). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annuncio • Oct 26
Portland General Electric Company Reaffirms Earnings Guidance for Full Year 2022 Portland General Electric Company reaffirmed earnings guidance for full year 2022. For the period, Company expects GAAP earnings guidance of $2.60 to $2.75 per diluted share. Annuncio • Oct 22
Portland General Electric Company Declares Quarterly Common Stock Dividend, Payable on or Before January 17, 2023 On October 21, 2022, the board of directors of Portland General Electric Company declared a quarterly common stock dividend of $0.4525 per share. The quarterly dividend is payable on or before January 17, 2023, to shareholders of record at the close of business on December 27, 2022. Annuncio • Oct 06
Portland General Electric Company to Report Q3, 2022 Results on Oct 25, 2022 Portland General Electric Company announced that they will report Q3, 2022 results Pre-Market on Oct 25, 2022 Upcoming Dividend • Sep 16
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 23 September 2022. Payment date: 17 October 2022. Payout ratio is a comfortable 65% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.3%). Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: US$0.72 (vs US$0.36 in 2Q 2021) Second quarter 2022 results: EPS: US$0.72 (up from US$0.36 in 2Q 2021). Revenue: US$591.0m (up 10% from 2Q 2021). Net income: US$64.0m (up 100% from 2Q 2021). Profit margin: 11% (up from 6.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 1.0%, compared to a 1.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Annuncio • Jul 29
Portland General Electric Company Revises Earnings Guidance for 2022 Portland General Electric Company is revising its estimate for full-year 2022 GAAP earnings guidance from $2.50 to $2.65 to $2.60 to $2.75 per diluted share. Annuncio • Jul 23
Portland General Electric Company Declares Dividend, Payable on or Before October 17, 2022 On July 22, 2022, the board of directors of Portland General Electric Company declared a quarterly common stock dividend of $0.4525 per share. The quarterly dividend is payable on or before October 17, 2022, to shareholders of record at the close of business on September 26, 2022. Annuncio • Jun 29
Portland General Electric Company to Report Q2, 2022 Results on Jul 28, 2022 Portland General Electric Company announced that they will report Q2, 2022 results at 9:30 AM, US Eastern Standard Time on Jul 28, 2022 Buying Opportunity • Jun 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €53.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings is also forecast to grow by 6.5% per annum over the same time period. Upcoming Dividend • Jun 17
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 24 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 74% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (4.5%). Recent Insider Transactions • Jun 01
Independent Director recently bought €181k worth of stock On the 26th of May, Dawn Farrell bought around 4k shares on-market at roughly €45.23 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €283k more in shares than they bought in the last 12 months. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: US$0.67 (vs US$1.07 in 1Q 2021) First quarter 2022 results: EPS: US$0.67 (down from US$1.07 in 1Q 2021). Revenue: US$626.0m (up 2.8% from 1Q 2021). Net income: US$60.0m (down 38% from 1Q 2021). Profit margin: 9.6% (down from 16% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 4.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 2% per year. Annuncio • Apr 23
Portland General Electric Company Declares a Quarterly Common Stock Dividend, Payable on or Before July 15, 2022 On April 22, 2022, the board of directors of Portland General Electric Company approved an increase in the annual dividend of 5.2%, or $0.09 per share, declaring a quarterly common stock dividend of $0.4525 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 July 15, 2022, to shareholders of record at the close of business on June 27, 2022. Annuncio • Mar 29
Portland General Electric Company to Report Q1, 2022 Results on Apr 28, 2022 Portland General Electric Company announced that they will report Q1, 2022 results Pre-Market on Apr 28, 2022 Upcoming Dividend • Mar 17
Upcoming dividend of US$0.43 per share Eligible shareholders must have bought the stock before 24 March 2022. Payment date: 18 April 2022. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (4.3%). Recent Insider Transactions • Feb 25
Independent Director recently sold €219k worth of stock On the 24th of February, Kathryn Jackson sold around 5k shares on-market at roughly €43.80 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.6m more than they bought in the last 12 months. Reported Earnings • Feb 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$2.73 (up from US$1.73 in FY 2020). Revenue: US$2.40b (up 12% from FY 2020). Net income: US$244.0m (up 57% from FY 2020). Profit margin: 10% (up from 7.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Over the next year, revenue is expected to shrink by 1.2% compared to a 8.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Annuncio • Feb 18
Portland General Electric Company Provides Earnings Guidance for the Full Year 2022 Portland General Electric Company provided earnings guidance for the Full Year 2022. For the year, the company is initiating full year 2022 earnings guidance of $2.75 to $2.90 per diluted share. Annuncio • Feb 12
Portland General Electric Company Declares Quarterly Common Stock Dividend, Payable on or Before March 25, 2022 On February 11, 2022, the board of directors of Portland General Electric Company declared a quarterly common stock dividend of $0.43 per share. The quarterly dividend is payable on or before April 18, 2022, to shareholders of record at the close of business on March 25, 2022. Annuncio • Dec 22
PGE Enters into Memorandum of Understanding to Settle the Derivative Actions Subject to Court Approval On December 17, 2021, the parties to four previously-disclosed shareholder derivative actions in which PGE is named as a nominal defendant only (collectively, the "Derivative Actions") entered into a Memorandum of Understanding to settle the Derivative Actions subject to court approval and other terms (the "MOU"). The Derivative Actions include: (i) Shimberg v. Pope, No. 21- cv-02957, filed in Multnomah County Circuit Court, Oregon, on January 26, 2021; (ii) JS Halberstam Irrevocable Grantor Trust v. Davis, No. 3:21-cv-00413-SI, filed in the U.S. District Court for the District of Oregon (the "Court") on March 17, 2021; (iii) Ashabraner v. Pope, 21-cv-13698, filed in Multnomah County Circuit Court, Oregon, on April 7, 2021; and (iv) Berning v. Pope, No. 3:21-cv-00783-SI, filed in the U.S. District Court for the District of Oregon on May 21, 2021. Under the MOU, the parties must use their best efforts to agree upon and submit to the Court for preliminary approval, within 30 days, a stipulation of settlement and other documentation as may be required to obtain final approval of the settlement. The settlement set forth in the MOU, which is non-monetary, is not legally binding upon any party unless and until a stipulation of settlement is executed and the settlement has received final approval from the Court. Attorneys' fees have yet to be negotiated or determined. Separately, and as previously disclosed, on July 11, 2021, PGE and other individual defendants entered into a Stipulation of Settlement to fully resolve a consolidated securities class action in the U.S. District Court for the District of Oregon captioned In re Portland General Electric Company Securities Litigation, No. 3:20-cv-1583-SI, (the "Securities Action"). The settlement, which is subject to court approval, provides for a settlement payment of $6.75 million in exchange for the complete dismissal with prejudice and a release of all claims against the defendants in connection with the Securities Action, without any admission of fault or wrongdoing by the defendants. The Securities Action settlement payment was paid by the Company’s insurance provider under its insurance policy. Upcoming Dividend • Dec 16
Upcoming dividend of US$0.43 per share Eligible shareholders must have bought the stock before 23 December 2021. Payment date: 18 January 2022. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (3.9%). Upcoming Dividend • Sep 17
Upcoming dividend of US$0.43 per share Eligible shareholders must have bought the stock before 24 September 2021. Payment date: 15 October 2021. Trailing yield: 3.5%. Within top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.9%). Recent Insider Transactions • Sep 08
Insider recently sold €223k worth of stock On the 3rd of September, Larry Bekkedahl sold around 5k shares on-market at roughly €43.65 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.4m more than they bought in the last 12 months.