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Portland General Electric Co POR Stock Quote

| Rating as of

NYSE:POR

Morningstar‘s Stock Analysis POR

Valuation
Currency in USD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Portland General Boosts Growth Outlook, Partners With NextEra on Wind Project

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are raising our fair value estimate for Portland General Electric, or PGE, to $49 per share from $48 after the company announced plans to invest $415 million alongside NextEra Energy to co-develop a 311-megawatt wind farm in Montana. Management raised its long-term annual earnings growth outlook to 5%-7% from 4%-6%, in line with our expectation. We are reaffirming our narrow moat and stable moat trend ratings.

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Key Statistics POR

Company Profile POR

Business Description

Portland General Electric is a regulated electric utility providing generation, transmission, and distribution services to 917,000 customers representing about half of all Oregon residents. The company owns (wholly or through joint ventures) a total of 3.3 gigawatts of gas, coal, wind, and hydro generation.

Contact
121 South West Salmon Street
Portland, OR, 97204
T +1 503 464-8000
Industry Utilities - Regulated Electric
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 2,839

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