Portland General Electric stock initiated with Buy rating at BTIG

Investing.com - BTIG initiated coverage on Portland General Electric Company (NYSE:POR) with a Buy rating and a price target of $52.00 on Wednesday. The utility company, which currently trades at $44.94, has maintained a strong dividend track record, raising payments for 19 consecutive years according to InvestingPro data.

The research firm views the vertically integrated electric utility, which serves customers exclusively in Oregon, as having a positive risk/reward profile despite significant wildfire risks and execution challenges related to its regulatory calendar. With an "GOOD" Financial Health Score from InvestingPro and a beta of 0.64, the company demonstrates relatively low price volatility.

BTIG believes POR stock has experienced sufficient sell-offs in recent years to create an attractive valuation opportunity for investors.

The firm identified potential tailwinds for Portland General Electric, including the possibility of a holding company structure in the near future.

BTIG also highlighted heightened demand growth in POR’s service territories as another positive factor supporting its bullish outlook on the utility company.

In other recent news, Portland General Electric reported its financial results for the second quarter of 2025, revealing a GAAP net income of $62 million, or $0.56 per diluted share. The company also reported a non-GAAP net income of $73 million, or $0.66 per share. Portland General Electric reaffirmed its adjusted earnings guidance for 2025, projecting between $3.13 and $3.33 per diluted share. Additionally, UBS has maintained its Buy rating on Portland General Electric, with a price target of $47.00. This comes as the company awaits a regulatory decision from the Oregon Public Utility Commission on its 200 MW Seaside battery project. The decision is expected by October 21. These developments highlight the company’s ongoing strategic initiatives and financial performance.

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