Portland General Electric Co

POR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$76.00	Tkffmby	Ppdcjmy

Portland General Earnings: Growth Investment Plan Keeps Growing; One of Cheapest U.S. Utilities

Travis Miller

Feb 16, 2024

We are reaffirming our $50 per share fair value estimate for Portland General after it reported earning $2.38 per share on an adjusted basis in 2023, down from $2.74 in 2022. We had anticipated a drop in earnings this year, so the result doesn't have a material impact on our fair value estimate or long-term 7% average annual earnings growth rate forecast.

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