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Portland General Electric

NYSE:POR
Snowflake Description

Established dividend payer with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
POR
NYSE
$5B
Market Cap
  1. Home
  2. US
  3. Utilities
Company 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 last earnings update was 55 days ago. More info.


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POR Share Price and Events
7 Day Returns
0.6%
NYSE:POR
1.4%
US Electric Utilities
1.2%
US Market
1 Year Returns
31.4%
NYSE:POR
18.4%
US Electric Utilities
2.3%
US Market
POR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Portland General Electric (POR) 0.6% 4.9% 7.5% 31.4% 32.3% 63%
US Electric Utilities 1.4% 2.8% 4.6% 18.4% 17.6% 37.9%
US Market 1.2% 2% 2% 2.3% 37.9% 39.8%
1 Year Return vs Industry and Market
  • POR outperformed the Electric Utilities industry which returned 18.4% over the past year.
  • POR outperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
POR
Industry
5yr Volatility vs Market

POR Value

 Is Portland General Electric undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Portland General Electric.

NYSE:POR Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:POR
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))
= 0.279 (1 + (1- 21%) (50.61%))
0.592
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.

NYSE:POR DCF 1st Stage: Next 10 year cash flow forecast
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
NYSE:POR DCF 2nd Stage: Terminal Value
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
NYSE:POR Total Equity Value
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
NYSE:POR Discount to Share Price
Calculation Result
Value per share (USD) From above. $172.54
Current discount Discount to share price of $55.63
= -1 x ($55.63 - $172.54) / $172.54
67.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Portland General Electric is available for.
Intrinsic value
>50%
Share price is $55.63 vs Future cash flow value of $172.54
Current Discount Checks
For Portland General Electric to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
NYSE:POR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.48
NYSE:POR Share Price ** NYSE (2019-06-19) in USD $55.63
United States of America Electric Utilities Industry PE Ratio Median Figure of 26 Publicly-Listed Electric Utilities Companies 22.39x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Portland General Electric.

NYSE:POR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:POR Share Price ÷ EPS (both in USD)

= 55.63 ÷ 2.48

22.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Portland General Electric is overvalued 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?
Raw Data
NYSE:POR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.47x
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 3.2x
United States of America Market PEG Ratio Median Figure of 2,128 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NYSE:POR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.47x ÷ 3.6%

6.25x

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?
Raw Data
NYSE:POR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $28.52
NYSE:POR Share Price * NYSE (2019-06-19) in USD $55.63
United States of America Electric Utilities Industry PB Ratio Median Figure of 29 Publicly-Listed Electric Utilities Companies 2.17x
United States of America Market PB Ratio Median Figure of 5,246 Publicly-Listed Companies 1.8x
NYSE:POR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:POR Share Price ÷ Book Value per Share (both in USD)

= 55.63 ÷ 28.52

1.95x

* 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.
X
Value checks
We assess Portland General Electric's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. Portland General Electric has a total score of 3/6, 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

 How is Portland General Electric expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

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!
Annual Growth Rate
3.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Portland General Electric expected to grow at an attractive rate?
  • 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
Raw Data
NYSE:POR Future Growth Rates Data Sources
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 8%
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
Raw Data
NYSE:POR Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:POR Future Estimates Data
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
NYSE:POR Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Portland General Electric's earnings are expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
  • Portland General Electric's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:POR 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.

NYSE:POR Future Estimates Data
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
NYSE:POR Past Financials Data
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%).
X
Future performance checks
We assess Portland General Electric's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Portland General Electric's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Portland General Electric's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Portland General Electric Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:POR Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Portland General Electric's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Portland General Electric's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Portland General Electric Company Filings, last reported 2 months ago.

NYSE:POR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,548.00 2,516.00 89.00
2018-12-31 2,506.00 2,531.00 119.00
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 2,377.00 88.00
2016-06-30 2,303.00 2,376.00 93.00
2016-03-31 2,291.00 2,250.00 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).
X
Financial health checks
We assess Portland General Electric's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Portland General Electric has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
2.77%
Current annual income from Portland General Electric dividends. Estimated to be 2.91% next year.
If you bought $2,000 of Portland General Electric shares you are expected to receive $55 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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 (3.69%).
Upcoming dividend payment

Purchase Portland General Electric before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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.
Raw Data
NYSE:POR Annualized Past and Future Dividends
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 2011 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.

NYSE:POR Future Dividends Estimate Data
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
NYSE:POR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-24 1.540 2.889
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

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).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Portland General Electric's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Portland General Electric's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Maria Pope
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:

1.4
Average Tenure
54.5
Average Age
  • The average tenure for the Portland General Electric management team is less than 2 years, this suggests a new team.
Management Team

Maria Pope

TITLE
President
COMPENSATION
$3M
AGE
53
TENURE
1.4 yrs

Jim Lobdell

TITLE
Senior VP of Finance
COMPENSATION
$1M
AGE
59
TENURE
6.3 yrs

John Kochavatr

TITLE
VP of Information Technology & Chief Information Officer
COMPENSATION
$1M
AGE
44
TENURE
1.3 yrs

Lisa Kaner

TITLE
VP, General Counsel & Corporate Compliance Officer
COMPENSATION
$1M
AGE
57
TENURE
1.9 yrs

Kristin Stathis

TITLE
Vice President of Operations Services
AGE
54
TENURE
0.4 yrs

Chris Liddle

TITLE
Corporate Finance & Investor Relations Manager & Assistant Treasurer

Anne Mersereau

TITLE
Vice President of Human Resources
AGE
55
TENURE
3.4 yrs

John McFarland

TITLE
VP of Customer Solutions & Chief Customer Officer
TENURE
0.4 yrs

Nora Arkonovich

TITLE
Corporate Secretary

Jardon Jaramillo

TITLE
Controller & Assistant Treasurer
Board of Directors Tenure

Average tenure and age of the Portland General Electric board of directors in years:

11.2
Average Tenure
64
Average Age
  • 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

TITLE
Chairman of the Board
COMPENSATION
$244K
AGE
71
TENURE
5.7 yrs

Maria Pope

TITLE
President
COMPENSATION
$3M
AGE
53
TENURE
1.4 yrs

M. Pelton

TITLE
Director
COMPENSATION
$195K
AGE
67
TENURE
13.4 yrs

Kirby Dyess

TITLE
Director
COMPENSATION
$198K
AGE
71
TENURE
10 yrs

Neil Nelson

TITLE
Director
COMPENSATION
$202K
AGE
59
TENURE
12.7 yrs

Charles Shivery

TITLE
Director
COMPENSATION
$191K
AGE
73
TENURE
5.3 yrs

John Ballantine

TITLE
Director
COMPENSATION
$192K
AGE
72
TENURE
15.3 yrs

Mark Ganz

TITLE
Director
COMPENSATION
$187K
AGE
57
TENURE
13.4 yrs

Rod Brown

TITLE
Director
COMPENSATION
$187K
AGE
61
TENURE
12.3 yrs

Kate Jackson

TITLE
Director
COMPENSATION
$187K
AGE
61
TENURE
5.2 yrs
Who owns this company?
Recent Insider Trading
  • Portland General Electric insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) 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
X
Management checks
We assess Portland General Electric's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

Portland 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 -

Does 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 -

Portland 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 -

How 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 -

Why 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 -

Have 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 -

Is 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 -

Is 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 -

Despite 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 -

POR 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
$4,970,906,100
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
Staff numbers
2,967
Portland General Electric employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/20 00:11
End of day share price update: 2019/06/19 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.