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POR Portland General Electric

Portland General Electric is a fully integrated energy company based in Portland, Oregon, with operations across the state. The company serves approximately 900,000 customers with a service area population of 2 million Oregonians in 51 cities. PGE owns 16 generation plants across Oregon and other Northwestern states and maintains and operates 14 public parks and recreation areas. For over 130 years, PGE has delivered safe, affordable and reliable energy to Oregonians. Together with its customers, PGE has the No. 1 voluntary renewable energy program in the U.S. PGE and its 3,000 employees are working with customers to build a clean energy future. In 2020, PGE, employees, retirees and the PGE Foundation donated $5.6 million and volunteered 18,200 hours with more than 400 nonprofits across Oregon.

Company profile

Ticker
POR
Exchange
CEO
James Piro
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
930256820

POR stock data

(
)

Calendar

29 Jul 21
2 Aug 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 17M 17M 17M 17M 17M 17M
Cash burn (monthly) 39.33M 23.83M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 44.51M 26.97M n/a n/a n/a n/a
Cash remaining -27.51M -9.97M n/a n/a n/a n/a
Runway (months of cash) -0.7 -0.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jul 21 John Teeruk Kochavatr Common Stock Payment of exercise Dispose F No No 48.9 384 18.78K 9,539
30 Jul 21 John Teeruk Kochavatr Common Stock Grant Aquire A No No 0 1,181 0 9,923
30 May 21 James A Ajello Common Stock Payment of exercise Dispose F No No 47.94 1,797 86.15K 10,308
18 May 21 William David Robertson Common Stock Sell Dispose S No No 49.4303 4,100 202.66K 23,533.03
6 May 21 Pelton M Lee Common Stock Sell Dispose S No No 49.8482 24,500 1.22M 5,105
5 May 21 Bradley Young Jenkins Common Stock Sell Dispose S No No 49.6929 1,500 74.54K 9,873

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

92.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 315 314 +0.3%
Opened positions 48 56 -14.3%
Closed positions 47 49 -4.1%
Increased positions 115 112 +2.7%
Reduced positions 108 95 +13.7%
13F shares
Current Prev Q Change
Total value 3.95B 3.8B +4.0%
Total shares 82.78M 83.01M -0.3%
Total puts 38.4K 79.6K -51.8%
Total calls 25.9K 82.6K -68.6%
Total put/call ratio 1.5 1.0 +53.9%
Largest owners
Shares Value Change
Vanguard 8.81M $418.17M -4.7%
BLK Blackrock 7.73M $367.09M +4.3%
Wellington Management 5.29M $251.32M +32.0%
Fuller & Thaler Asset Management 4.59M $217.93M +48.0%
JPM JPMorgan Chase & Co. 3.66M $173.77M -6.1%
FMR 3.6M $170.72M -3.9%
Mitsubishi UFJ Trust & Banking 2.35M $100.7M -31.8%
Massachusetts Financial Services 2.11M $100.21M +7.5%
CNS Cohen & Steers 1.97M $93.33M +37.3%
STT State Street 1.92M $91.83M +0.3%
Largest transactions
Shares Bought/sold Change
Parnassus Investments 0 -1.74M EXIT
Fuller & Thaler Asset Management 4.59M +1.49M +48.0%
Wellington Management 5.29M +1.28M +32.0%
Mitsubishi UFJ Trust & Banking 2.35M -1.1M -31.8%
Norges Bank 0 -572.59K EXIT
CNS Cohen & Steers 1.97M +534.26K +37.3%
Jupiter Asset Management 0 -527.07K EXIT
Vanguard 8.81M -434.15K -4.7%
Renaissance Technologies 144.69K -390.91K -73.0%
Thompson Siegel & Walmsley 355.47K +354.77K +50681.1%

Financial report summary

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Risks
  • Development of alternative technologies may negatively impact the value of PGE’s generation facilities.
Management Discussion
  • PGE defines Gross margin as Total revenues less Purchased power and fuel. Gross margin is considered a non-GAAP measure as it excludes depreciation, amortization, and other operation and maintenance expenses. The presentation of Gross margin is intended to supplement an understanding of PGE’s operating performance in relation to changes in customer prices, fuel costs, impacts of weather, customer counts and usage patterns, and impact from regulatory mechanisms such as decoupling. The Company’s definition of Gross margin may be different from similar terms used by other companies and may not be comparable to their measures.
  • (1) Gross margin agrees to Total revenues less Purchased power and fuel as reported on PGE’s Condensed Consolidated Statements of Income.
  • (2) Includes an allowance for borrowed funds used during construction of $2 million and $1 million for the three months ended June 30, 2021 and 2020, and $4 million and $3 million for the six months ended June 30, 2021 and 2020, respectively.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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