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Posted by
Two Blokes Jun 18 -
Filed in
Stock
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4 views
Portland General Electric has a narrow moat based on its monopoly in Oregon, and an estimated rate base growth of 7%+ through 2029, fueled by their Industrial segment. With 5.2% dividend yield, 5%+ dividend growth, and ~23% undervaluation, PGE is above my 20% threshold for a new position in a regulated utility. I have a mix of shares and short Put positions in utilities for now, and I will start an ~2.6x levered Call position for PGE, since it seems more undervalued.
