The insider cluster is routine in scale — $746K in sales at a $5.6B company is noise. The CFO's $363K sale is the largest but represents only ~0.006% of market cap. The director's $98K purchase provides a modest counter-signal. Focus on Q1 earnings weakness (GAAP EPS -58% YoY) and the pending Washington acquisition as the primary catalysts, not this insider activity.
Price Chart
Executive Summary
A cluster of 5 POR insiders traded within 11 days of Q1 earnings that showed a 55% GAAP net income decline ($0.38 vs $0.91 YoY) due to mild winter weather. The CFO, CLO, and two other senior VPs sold a combined $746K in open-market sales, while a director made a $98K purchase. Total insider selling of $746K represents ~0.013% of POR's $5.6B market cap — a trivial amount that does not signal material concern, especially given the director's concurrent buy.
Key Financial Metrics
Key Facts
- 5 insiders traded in a 7-day window (May 6-11, 2026)
- 4 open-market sales totaling $746K: CFO ($363K), CLO ($210K), VP CHRO ($134K), SVP Commercial ($40K)
- 1 open-market purchase: Director Hoglund bought $98K worth of shares at $48.80
- Total insider selling of $746K is 0.013% of POR's $5.6B market cap — immaterial
- Q1 2026 GAAP EPS of $0.38 was down 58% YoY from $0.91 due to mild winter weather
- Company reaffirmed 2026 adjusted EPS guidance of $3.33-$3.53
- PGE is pursuing acquisition of PacifiCorp's Washington operations, expected to close in 2027
Financial Impact
Insider sales total $746K (0.013% of market cap); director purchase of $98K partially offsets
Risk Factors
- Continued mild weather could pressure full-year earnings despite reaffirmed guidance
- Regulatory approval risk for the Washington acquisition (PacifiCorp)
- Wildfire and vegetation management costs ($150M in O&M) remain an ongoing expense headwind
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-POR-1778614511674 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 12, 2026 7w ago | 8-K | $50.33 $48.24 | ▼ −4.15% | ▼ −2.41% | $44.76 (−11.07%) |
Jul 31, 2026 9w ago | 8-K | $49.33 $49.60 | ▲ +0.55% | ▼ −2.44% | $44.76 (−9.26%) |
Jul 25, 2026 10w ago | Press Release | $51.23 $49.70 | ▼ −2.99% | ▼ −6.29% | $44.76 (−12.63%) |
May 6, 2026 21w ago | Insider Cluster | $48.82 $48.92 | ▲ +0.20% | ▼ −2.58% | $44.76 (−8.32%) |
May 6, 2026 21w ago | Insider Cluster | $48.82 $48.92 | ▲ +0.20% | ▼ −2.58% | $44.76 (−8.32%) |
May 6, 2026 21w ago | Insider Cluster | $48.82 $48.92 | ▲ +0.20% | ▼ −2.58% | $44.76 (−8.32%) |
Mar 13, 2026 29w ago | DEFA14A | $53.08 $52.70 | ▼ −0.71% | ▼ −4.49% | $44.76 (−15.67%) |
US Market Status
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