Portland General Electric
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. The last earnings update was 62 days ago. More info.
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POR Share Price and Events
7 Day Returns
1 Year Returns
POR Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Portland General Electric (POR) | -3.4% | 1.8% | 3.8% | 25.6% | 21.9% | 60.7% |
| US Electric Utilities | 1.3% | 2.3% | 4.3% | 16.5% | 17.4% | 39.1% |
| US Market | -0.4% | 2.8% | 2.7% | 4.3% | 40.9% | 38.2% |
1 Year Return vs Industry and Market
- POR outperformed the Electric Utilities industry which returned 16.5% over the past year.
- POR outperformed the Market in United States of America which returned 4.3% over the past year.
Price Volatility
Related Companies
POR Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Portland General Electric
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Portland General Electric.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 8 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Electric Utilities Unlevered Beta | Simply Wall St/ S&P Global | 0.28 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.28 (1 + (1- 21%) (52.34%)) |
0.595 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%) |
7.5% |
Discounted Cash Flow Calculation for NYSE:POR using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Portland General Electric is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 7.5%) |
|
|---|---|---|---|
| 2019 | 87.00 | Analyst x1 | 80.93 |
| 2020 | 103.50 | Analyst x2 | 89.57 |
| 2021 | 253.00 | Analyst x1 | 203.67 |
| 2022 | 387.13 | Est @ 53.01% | 289.90 |
| 2023 | 533.96 | Est @ 37.93% | 371.97 |
| 2024 | 680.10 | Est @ 27.37% | 440.73 |
| 2025 | 815.97 | Est @ 19.98% | 491.90 |
| 2026 | 936.76 | Est @ 14.8% | 525.32 |
| 2027 | 1,041.51 | Est @ 11.18% | 543.32 |
| 2028 | 1,131.55 | Est @ 8.65% | 549.12 |
| Present value of next 10 years cash flows | $3,586.43 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $1,131.55 × (1 + 2.73%) ÷ (7.5% – 2.73%) |
$24,380.13 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $24,380.13 ÷ (1 + 7.5%)10 |
$11,831.29 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $3,586.43 + $11,831.29 |
$15,417.72 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $15,417.72 / 89.36 |
$172.54 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $172.54 |
| Current discount | Discount to share price of
$53.80
= -1 x ($53.80 - $172.54) / $172.54 |
68.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Portland General Electric's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Portland General Electric's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Portland General Electric's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Portland General Electric's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $2.48 |
| NYSE:POR Share Price ** | NYSE (2019-06-26) in USD | $53.8 |
| United States of America Electric Utilities Industry PE Ratio | Median Figure of 26 Publicly-Listed Electric Utilities Companies | 22.48x |
| United States of America Market PE Ratio | Median Figure of 3,094 Publicly-Listed Companies | 17.77x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Portland General Electric.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:POR Share Price ÷ EPS (both in USD) = 53.8 ÷ 2.48 |
21.73x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Portland General Electric is good value based on earnings compared to the US Electric Utilities industry average.
- Portland General Electric is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Portland General Electric's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 21.73x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts |
3.6%per year |
| United States of America Electric Utilities Industry PEG Ratio | Median Figure of 22 Publicly-Listed Electric Utilities Companies | 3.17x |
| United States of America Market PEG Ratio | Median Figure of 2,133 Publicly-Listed Companies | 1.51x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 21.73x ÷ 3.6% |
6.05x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Portland General Electric is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Portland General Electric's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $28.52 |
| NYSE:POR Share Price * | NYSE (2019-06-26) in USD | $53.8 |
| United States of America Electric Utilities Industry PB Ratio | Median Figure of 29 Publicly-Listed Electric Utilities Companies | 2.19x |
| United States of America Market PB Ratio | Median Figure of 5,255 Publicly-Listed Companies | 1.78x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:POR Share Price ÷ Book Value per Share (both in USD) = 53.8 ÷ 28.52 |
1.89x |
* Primary Listing of Portland General Electric.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Portland General Electric is good value based on assets compared to the US Electric Utilities industry average.
Value checks
We assess Portland General Electric's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check) Portland General Electric has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
POR Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Portland General Electric's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Portland General Electric's earnings growth is positive but not above the United States of America market average.
- Portland General Electric's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:POR Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts | 3.6% |
| NYSE:POR Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts | 2.3% |
| United States of America Electric Utilities Industry Earnings Growth Rate | Market Cap Weighted Average | 7.9% |
| United States of America Electric Utilities Industry Revenue Growth Rate | Market Cap Weighted Average | 2.4% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 2,352 | 695 | 245 | 1 |
| 2021-12-31 | 2,149 | 659 | 240 | 5 |
| 2020-12-31 | 2,109 | 643 | 230 | 8 |
| 2019-12-31 | 2,088 | 568 | 220 | 5 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 2,071 | 592 | 221 |
| 2018-12-31 | 1,991 | 630 | 212 |
| 2018-09-30 | 1,982 | 614 | 205 |
| 2018-06-30 | 1,972 | 602 | 192 |
| 2018-03-31 | 1,972 | 621 | 178 |
| 2017-12-31 | 2,009 | 597 | 187 |
| 2017-09-30 | 2,018 | 575 | 206 |
| 2017-06-30 | 1,987 | 548 | 200 |
| 2017-03-31 | 1,966 | 562 | 205 |
| 2016-12-31 | 1,923 | 562 | 193 |
| 2016-09-30 | 1,898 | 578 | 183 |
| 2016-06-30 | 1,890 | 610 | 185 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
All data from Portland General Electric Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 2.76 | 2.76 | 2.75 | 2.00 |
| 2021-12-31 | 2.71 | 2.76 | 2.67 | 6.00 |
| 2020-12-31 | 2.57 | 2.64 | 2.51 | 8.00 |
| 2019-12-31 | 2.46 | 2.49 | 2.42 | 8.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 2.48 |
| 2018-12-31 | 2.38 |
| 2018-09-30 | 2.30 |
| 2018-06-30 | 2.15 |
| 2018-03-31 | 2.00 |
| 2017-12-31 | 2.10 |
| 2017-09-30 | 2.31 |
| 2017-06-30 | 2.25 |
| 2017-03-31 | 2.30 |
| 2016-12-31 | 2.17 |
| 2016-09-30 | 2.06 |
| 2016-06-30 | 2.08 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Portland General Electric is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Portland General Electric's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Portland General Electric has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
POR Past Performance
How has Portland General Electric performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Portland General Electric's year on year earnings growth rate has been positive over the past 5 years.
- Portland General Electric's 1-year earnings growth exceeds its 5-year average (24.2% vs 6.3%)
- Portland General Electric's earnings growth has exceeded the US Electric Utilities industry average in the past year (24.2% vs 9.7%).
Earnings and Revenue History
All data from Portland General Electric Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 2,071.00 | 221.00 | 293.00 | |
| 2018-12-31 | 1,991.00 | 212.00 | 292.00 | |
| 2018-09-30 | 1,982.00 | 205.00 | 263.00 | |
| 2018-06-30 | 1,972.00 | 192.00 | 277.00 | |
| 2018-03-31 | 1,972.00 | 178.00 | 271.00 | |
| 2017-12-31 | 2,009.00 | 187.00 | 267.00 | |
| 2017-09-30 | 2,018.00 | 206.00 | 256.00 | |
| 2017-06-30 | 1,987.00 | 200.00 | 256.00 | |
| 2017-03-31 | 1,966.00 | 205.00 | 253.00 | |
| 2016-12-31 | 1,923.00 | 193.00 | 252.00 | |
| 2016-09-30 | 1,898.00 | 183.00 | 247.00 | |
| 2016-06-30 | 1,890.00 | 185.00 | 243.00 | |
| 2016-03-31 | 1,912.00 | 183.00 | 242.00 | |
| 2015-12-31 | 1,898.00 | 172.00 | 241.00 | |
| 2015-09-30 | 1,899.00 | 164.00 | 242.00 | |
| 2015-06-30 | 1,907.00 | 167.00 | 237.00 | |
| 2015-03-31 | 1,880.00 | 167.00 | 233.00 | |
| 2014-12-31 | 1,900.00 | 175.00 | 227.00 | |
| 2014-09-30 | 1,899.00 | 179.00 | 225.00 | |
| 2014-06-30 | 1,850.00 | 171.00 | 220.00 | |
| 2014-03-31 | 1,830.00 | 114.00 | 219.00 | |
| 2013-12-31 | 1,810.00 | 105.00 | 219.00 | |
| 2013-09-30 | 1,774.00 | 86.00 | 214.00 | |
| 2013-06-30 | 1,789.00 | 93.00 | 215.00 | |
| 2013-03-31 | 1,799.00 | 141.00 | 216.00 | |
| 2012-12-31 | 1,805.00 | 141.00 | 216.00 | |
| 2012-09-30 | 1,821.00 | 142.00 | 220.00 | |
| 2012-06-30 | 1,810.00 | 131.00 | 225.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Portland General Electric has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Portland General Electric used its assets more efficiently than the US Electric Utilities industry average last year based on Return on Assets.
- Portland General Electric's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Portland General Electric's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Portland General Electric has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
POR Health
How is Portland General Electric's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Portland General Electric's finances.
The net worth of a company is the difference between its assets and liabilities.
- Portland General Electric's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Portland General Electric's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Portland General Electric Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 2,548.00 | 2,478.00 | 89.00 |
| 2018-12-31 | 2,506.00 | 2,482.00 | 119.00 |
| 2018-09-30 | 2,486.00 | 2,427.00 | 200.00 |
| 2018-06-30 | 2,465.00 | 2,426.00 | 48.00 |
| 2018-03-31 | 2,449.00 | 2,426.00 | 70.00 |
| 2017-12-31 | 2,416.00 | 2,426.00 | 39.00 |
| 2017-09-30 | 2,402.00 | 2,377.00 | 89.00 |
| 2017-06-30 | 2,392.00 | 2,350.00 | 33.00 |
| 2017-03-31 | 2,387.00 | 2,350.00 | 31.00 |
| 2016-12-31 | 2,344.00 | 2,350.00 | 6.00 |
| 2016-09-30 | 2,310.00 | 2,325.00 | 88.00 |
| 2016-06-30 | 2,303.00 | 2,324.00 | 93.00 |
| 2016-03-31 | 2,291.00 | 2,199.00 | 4.00 |
| 2015-12-31 | 2,258.00 | 2,199.00 | 4.00 |
| 2015-09-30 | 2,232.00 | 2,204.00 | 92.00 |
| 2015-06-30 | 2,221.00 | 2,259.00 | 122.00 |
| 2015-03-31 | 1,939.00 | 2,456.00 | 27.00 |
| 2014-12-31 | 1,911.00 | 2,501.00 | 127.00 |
| 2014-09-30 | 1,889.00 | 2,321.00 | 97.00 |
| 2014-06-30 | 1,872.00 | 2,141.00 | 97.00 |
| 2014-03-31 | 1,857.00 | 1,916.00 | 64.00 |
| 2013-12-31 | 1,820.00 | 1,916.00 | 107.00 |
| 2013-09-30 | 1,793.00 | 1,761.00 | 91.00 |
| 2013-06-30 | 1,762.00 | 1,736.00 | 119.00 |
| 2013-03-31 | 1,758.00 | 1,636.00 | 33.00 |
| 2012-12-31 | 1,730.00 | 1,653.00 | 12.00 |
| 2012-09-30 | 1,719.00 | 1,736.00 | 156.00 |
| 2012-06-30 | 1,701.00 | 1,736.00 | 74.00 |
- Portland General Electric's level of debt (97.3%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (103.3% vs 97.3% today).
- Debt is well covered by operating cash flow (23.9%, greater than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
Financial health checks
We assess Portland General Electric's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Portland General Electric has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
POR Dividends
What is Portland General Electric's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Portland General Electric
shares you are expected to receive
$57
in your first year as a dividend.
Dividend Amount
- Portland General Electric's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
- Portland General Electric's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
| United States of America Electric Utilities Industry Average Dividend Yield | Market Cap Weighted Average of 27 Stocks | 3.3% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2012 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | 1.83 | 1.00 |
| 2021-12-31 | 1.71 | 6.00 |
| 2020-12-31 | 1.62 | 8.00 |
| 2019-12-31 | 1.52 | 8.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-24 | 1.540 | 2.879 |
| 2019-02-14 | 1.450 | 2.845 |
| 2018-10-24 | 1.450 | 3.091 |
| 2018-07-25 | 1.450 | 3.145 |
| 2018-04-25 | 1.450 | 3.451 |
| 2018-02-14 | 1.360 | 3.393 |
| 2017-10-25 | 1.360 | 3.000 |
| 2017-07-26 | 1.360 | 2.939 |
| 2017-04-28 | 1.360 | 2.961 |
| 2017-02-15 | 1.280 | 2.853 |
| 2016-10-26 | 1.280 | 2.984 |
| 2016-07-27 | 1.280 | 3.012 |
| 2016-04-28 | 1.280 | 3.030 |
| 2016-02-17 | 1.200 | 3.089 |
| 2015-10-22 | 1.200 | 3.238 |
| 2015-07-24 | 1.200 | 3.329 |
| 2015-05-07 | 1.200 | 3.508 |
| 2015-02-18 | 1.120 | 3.079 |
| 2014-10-23 | 1.120 | 2.969 |
| 2014-07-24 | 1.120 | 3.370 |
| 2014-05-07 | 1.120 | 3.369 |
| 2014-02-19 | 1.100 | 3.414 |
| 2013-10-30 | 1.100 | 3.699 |
| 2013-07-31 | 1.100 | 3.798 |
| 2013-05-22 | 1.100 | 3.551 |
| 2013-02-20 | 1.080 | 3.517 |
| 2012-11-07 | 1.080 | 3.944 |
| 2012-08-02 | 1.080 | 3.952 |
| 2012-05-23 | 1.080 | 4.086 |
| 2012-02-22 | 1.060 | 4.253 |
| 2011-10-26 | 1.060 | 4.280 |
| 2011-08-03 | 1.060 | 4.491 |
| 2011-05-11 | 1.060 | 4.175 |
| 2011-02-16 | 1.040 | 4.363 |
| 2010-10-27 | 1.040 | 4.761 |
| 2010-08-03 | 1.040 | 5.147 |
| 2010-05-13 | 1.040 | 5.507 |
| 2010-02-17 | 1.020 | 5.267 |
| 2009-10-29 | 1.020 | 5.146 |
| 2009-08-05 | 1.020 | 5.168 |
| 2009-05-13 | 1.020 | 5.428 |
| 2009-02-19 | 0.980 | 5.699 |
| 2008-10-30 | 0.980 | 5.309 |
| 2008-08-06 | 0.980 | 4.250 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Portland General Electric's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.7x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
Income/ dividend checks
We assess Portland General Electric's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Portland General Electric afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Portland General Electric has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
POR Management
CEO
| COMPENSATION | $3,216,062 |
| AGE | 53 |
| TENURE AS CEO | 1.4 years |
CEO Bio
Ms. Maria MacGregor Pope has been the President at Portland General Electric Company since October 2017 and has been its the Chief Executive Officer and a Director since January 1, 2018. Ms. Pope served as Senior Vice President of Power Supply, Operations & Resource Strategy at Portland General Electric Company since March 1, 2013. Ms. Pope served as Principal Accounting Officer and Senior Vice President of Portland General Electric Company. She served as Chief Financial Officer and Treasurer of Portland General Electric Company from January 1, 2009 to March 1, 2013. She served as Senior Vice President of Finance at Portland General Electric Company since January 1, 2009 until March 2013. She served as the Chief Financial Officer and Vice President of Mentor Graphics Corporation from July 2007 to December 23, 2008. She served as Chief Financial Officer of Pope & Talbot Inc. since May 1999. She served as General Manager of Wood Products Division at Pope & Talbot Inc. from December 2003 to July 1, 2007, Vice President of Wood Products Division since December 2003, Vice President from May 1999 to July 1, 2007, Secretary from April 1998 to 2003, Treasurer from April 1998 to May 1999 and also served as its Head of Wood Products Business. She served as Planning and Budgeting Manager of Pope & Talbot Inc. since joining it in 1995. Prior to Pope & Talbot, Ms. Pope held financial management positions at Levi Strauss & Co. from 1992 to 1995 and served as a Financial Analyst in Morgan Stanley's mergers and acquisitions department from 1987 to 1990. She served as Treasurer of Harmac Pacific, Inc. She served as Non-Executive Director of Flomerics Group Limited since August 2008. She serves as a Director of EverCAD Software Corp. She has been a Director at Umpqua Holdings Corporation and Umpqua Bank since April 18, 2014. She has been a Director of TimberWest Forest Corp. since April 2008. She has been an Independent Director of Pope MGP Inc., Managing General Partner at Pope Resources, A Delaware Limited Partnership since December 10, 2012. She is a Director at Premera Blue Cross. She serves as Director of Factory Mutual Insurance Company, Oregon Health & Science University and Pope Resources, LLP She served as a Director of Portland General Electric Company from January 25, 2006 to December 31, 2008 and Sterling Financial Corporation since June 2013. She is Chairman of the Oregon Symphony Board of Directors. Ms. Pope previously served as the Chair of the Council of Forest Industries (COFI), Western Canada’s industry association. She served as Chairman of the Council of Forest Industries. Ms. Pope previously worked for Morgan Stanley & Co., Inc. She is Vice Chairman of the Council of Forest Industries Board of Directors. She is a Member of the OHSU Foundation Board. She is a Member of the FM Global Advisory Board. She holds a BA from Georgetown University and holds an MBA from the Stanford Graduate School of Business.
CEO Compensation
- Maria's compensation has been consistent with company performance over the past year, both up more than 20%.
- Maria's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Portland General Electric management team in years:
- The average tenure for the Portland General Electric management team is less than 2 years, this suggests a new team.
Management Team
Maria Pope
President
$3M
53
1.4 yrs
Jim Lobdell
Senior VP of Finance
$1M
59
6.3 yrs
John Kochavatr
VP of Information Technology & Chief Information Officer
$1M
44
1.3 yrs
Lisa Kaner
VP, General Counsel & Corporate Compliance Officer
$1M
57
1.9 yrs
Kristin Stathis
Vice President of Operations Services
54
0.4 yrs
Chris Liddle
Corporate Finance & Investor Relations Manager & Assistant Treasurer
Anne Mersereau
Vice President of Human Resources
55
3.4 yrs
John McFarland
VP of Customer Solutions & Chief Customer Officer
0.4 yrs
Nora Arkonovich
Corporate Secretary
Jardon Jaramillo
Controller & Assistant Treasurer
Board of Directors Tenure
Average tenure and age of the Portland General Electric board of directors in years:
- The average tenure for the Portland General Electric board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Jack Davis
Chairman of the Board
$244K
71
5.7 yrs
Maria Pope
President
$3M
53
1.4 yrs
M. Pelton
Director
$195K
67
13.4 yrs
Kirby Dyess
Director
$198K
71
10 yrs
Neil Nelson
Director
$202K
59
12.7 yrs
Charles Shivery
Director
$191K
73
5.3 yrs
John Ballantine
Director
$192K
72
15.3 yrs
Mark Ganz
Director
$187K
57
13.4 yrs
Rod Brown
Director
$187K
61
12.3 yrs
Kate Jackson
Director
$187K
61
5.2 yrs
Who owns this company?
Recent Insider Trading
- Portland General Electric individual insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 15. May 19 | Sell | Bradley Jenkins | Individual | 14. May 19 | 14. May 19 | -432 | $53.35 | $-23,045 | ||
| 23. Feb 19 | Sell | Larry Bekkedahl | Individual | 22. Feb 19 | 22. Feb 19 | -2,700 | $49.70 | $-134,188 | ||
| 09. Aug 18 | Sell | William Robertson | Individual | 08. Aug 18 | 08. Aug 18 | -4,380 | $45.78 | $-200,502 | ||
Management checks
We assess Portland General Electric's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Portland General Electric has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
POR News
Simply Wall St News
Does Portland General Electric Company's (NYSE:POR) P/E Ratio Signal A Buying Opportunity?
We'll look at Portland General Electric Company's (NYSE:POR) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Portland General Electric's P/E ratio is 21.73. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articlePortland General Electric Company (NYSE:POR): The Yield That Matters The Most
Today we will examine Portland General Electric’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … Free cash flow (FCF) is the amount of cash Portland General Electric has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations. … I will be analysing Portland General Electric’s FCF by looking at its FCF yield and its operating cash flow growth.
Simply Wall St - – Full articleDoes Portland General Electric Company's (NYSE:POR) Recent Track Record Look Strong?
Examining Portland General Electric Company's (NYSE:POR) past track record of performance is a useful exercise for investors. … Below, I will assess POR's latest performance announced on 31 December 2018 and weight these figures against its longer term trend and industry movements. … Did POR beat its long-term earnings growth trend and its industry.
Simply Wall St - – Full articlePortland General Electric Company (NYSE:POR) Will Pay US$0.36 In Dividends
On the 15 April 2019, Portland General Electric Company (NYSE:POR) will be paying shareholders an upcoming dividend amount of US$0.36 per share. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into Portland General Electric's latest financial data to analyse its dividend attributes. … Based on future earnings growth, will it be able to continue to payout dividend at the current rate
Simply Wall St - – Full articleHow Do Analysts See Portland General Electric Company (NYSE:POR) Performing Over The Next Year?
Looking at Portland General Electric Company's (NYSE:POR) earnings update on 31 December 2018, … analyst consensus outlook appear cautiously subdued, … with earnings expected to grow by 3.4% in the upcoming year
Simply Wall St - – Full articleWhy Fundamental Investors Might Love Portland General Electric Company (NYSE:POR)
As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … that has been a rockstar for income investors, currently trading at an attractive share price
Simply Wall St - – Full articleHave Insiders Been Selling Portland General Electric Company (NYSE:POR) Shares?
So before you buy or sell Portland General Electric Company (NYSE:POR), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At Portland General Electric. … That means that an insider was selling shares at slightly below the current price (US$48.93)
Simply Wall St - – Full articleIs Portland General Electric Company (NYSE:POR) A Financially Sound Company?
Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Portland General Electric Company (NYSE:POR), with a market cap of US$4.3b, often get neglected by retail investors. … Note that this information is centred entirely on financial health and is a top-level understanding, so I encourage you to look further. … View our latest analysis for Portland General Electric
Simply Wall St - – Full articleIs Portland General Electric Company (NYSE:POR) A Smart Choice For Dividend Investors?
Over the past 10 years Portland General Electric Company (NYSE:POR) has been paying dividends to shareholders. … Let's take a look at Portland General Electric in more detail. … See our latest analysis for Portland General Electric?
Simply Wall St - – Full articleDespite Its High P/E Ratio, Is Portland General Electric Company (NYSE:POR) Still Undervalued?
We'll show how you can use Portland General Electric Company's (NYSE:POR) P/E ratio to inform your assessment of the investment opportunity. … Portland General Electric has a price to earnings ratio of 19.5, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articlePOR Company Info
Description
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. The company operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2018, it owned an electric transmission system consisting of 1,256 circuit miles, including 287 circuit miles of 500 kilovolt line, 410 circuit miles of 230 kilovolt line, and 561 miles of 115 kilovolt line. It has 27,627 circuit miles of distribution lines. The company also purchases and sells electricity and natural gas in the wholesale market to utilities and power marketers in the United States and Canada. It serves approximately 885,000 residential, commercial, and industrial customers. The company was founded in 1930 and is headquartered in Portland, Oregon.
Details
| Name: | Portland General Electric Company |
| POR | |
| Exchange: | NYSE |
| Founded: | 1930 |
| $4,807,383,573 | |
| 89,356,572 | |
| Website: | http://www.portlandgeneral.com |
| Address: |
Portland General Electric Company 121 South West Salmon Street, Portland, Oregon, 97204, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | POR | Common Stock | New York Stock Exchange | US | USD | 31. Mar 2006 | |
| DB | 49P | Common Stock | Deutsche Boerse AG | DE | EUR | 31. Mar 2006 |
Number of employees
Current staff
Industry
| Electric Utilities | |
| Utilities |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/27 00:07 |
| End of day share price update: | 2019/06/26 00:00 |
| Last estimates confirmation: | 2019/06/18 |
| Last earnings filing: | 2019/04/26 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
