Sifting through countless of stocks in the Electric Utilities industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in MGE Energy, Inc. or Portland General Electric Company because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how MGE Energy, Inc. and Portland General Electric Company compare based on key financial metrics to determine which better meets your investment needs.

About MGE Energy, Inc. and Portland General Electric Company

MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments. The company generates, purchases, and distributes electricity; purchases and distributes natural gas; owns and leases electric generating capacity; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission power services. It also generates electricity from coal-fired, gas-fired, and renewable energy sources and provides solar and wind generation, and battery storage services. As of December 31, 2025, the company owned and operated 811 miles of overhead electric distribution lines; 1,386 miles of underground electric distribution cables; 47 substations with an installed capacity of 1.2 million kVA; and gas facilities, including 3,117 miles of distribution mains, as well as supplied electric service to approximately 170,000 customers. MGE Energy, Inc. was incorporated in 2001 and is headquartered in Madison, Wisconsin.

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, four wind farms, and seven hydroelectric facilities. As of December 31, 2025, the company owned an electric transmission system consisting of 1,744 circuit miles, including 287 circuit miles of 500 kilovolt line, 414 circuit miles of 230 kilovolt line, and 577 miles of 115 kilovolt line; 466 miles of 57 kilovolt line; and served 960 thousand retail customers in 51 cities. It also has 29,251 circuit miles of distribution lines. Portland General Electric Company was founded in 1889 and is headquartered in Portland, Oregon.

Latest Electric Utilities and MGE Energy, Inc., Portland General Electric Company Stock News

As of September 1, 2026, MGE Energy, Inc. had a $2.9 billion market capitalization, compared to the Electric Utilities median of $17.6 million. MGE Energy, Inc.’s stock is down 1.2% in 2026, down 2.4% in the previous five trading days and down 9.04% in the past year.

Currently, MGE Energy, Inc.’s price-earnings ratio is 19.0. MGE Energy, Inc.’s trailing 12-month revenue is $752.1 million with a 19.9% net profit margin. Year-over-year quarterly sales growth most recently was 1.1%. Analysts expect adjusted earnings to reach $3.967 per share for the current fiscal year. MGE Energy, Inc. currently has a 2.5% dividend yield.

As of September 1, 2026, Portland General Electric Company had a $5.8 billion market cap, putting it in the 69th percentile of all stocks. Portland General Electric Company’s stock is up 1.3% in 2026, down 3.1% in the previous five trading days and up 14.68% in the past year.

Currently, Portland General Electric Company’s price-earnings ratio is 21.7. Portland General Electric Company’s trailing 12-month revenue is $3.5 billion with a 7.3% net profit margin. Year-over-year quarterly sales growth most recently was 0.9%. Analysts expect adjusted earnings to reach $3.398 per share for the current fiscal year. Portland General Electric Company currently has a 4.5% dividend yield.

How We Compare MGE Energy, Inc. and Portland General Electric Company Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at MGE Energy, Inc. and Portland General Electric Company’s stock grades to see how they measure up against one another.

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MGE Energy, Inc. and Portland General Electric Company Stock Value Grades

Company	Ticker	Value
MGE Energy, Inc.	MGEE	C
Portland General Electric Company	POR	C

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

MGE Energy, Inc. has a Value Score of 42, which is Average. Portland General Electric Company has a Value Score of 56, which is Average.

The Value Stock Winner: No Clear Winner

Neither MGE Energy, Inc. or Portland General Electric Company has a high enough value grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolio. It’s important to look at a wide range of financial metrics in order to determine if MGE Energy, Inc. or Portland General Electric Company is the better investment when it comes to value.

MGE Energy, Inc. and Portland General Electric Company’s Momentum Grades

Company	Ticker	Momentum
MGE Energy, Inc.	MGEE	D
Portland General Electric Company	POR	C

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

MGE Energy, Inc. has a Momentum Score of 37, which is Weak. Portland General Electric Company has a Momentum Score of 51, which is Average.

The Momentum Stock Winner: No Clear Winner

Neither MGE Energy, Inc. or Portland General Electric Company has a strong enough Momentum Grade to be considered a “winner.” Investors considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if MGE Energy, Inc. or Portland General Electric Company is the better investment when it comes to momentum.

MGE Energy, Inc. and Portland General Electric Company’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
MGE Energy, Inc.	MGEE	B
Portland General Electric Company	POR	D

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

MGE Energy, Inc. has a Earnings Estimate Score of 61, which is Positive. Portland General Electric Company has a Earnings Estimate Score of 33, which is Negative.

The Earnings Estimate Revisions Grade Winner: MGE Energy, Inc.

As you can clearly see from the Earnings Estimate Revisions Grade breakdown above, MGE Energy, Inc. has a better Earnings Estimate Revisions Grade than Portland General Electric Company. For those who are specifically looking for companies with better short-term prospects when compared to other companies in the same industry, MGE Energy, Inc. could be a good stock to invest in. However, it’s important to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other MGE Energy, Inc. and Portland General Electric Company Grades

In addition to Estimate Revisions, Value and Momentum, A+ Investor also provides grades for Growth and Quality.

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether MGE Energy, Inc. and Portland General Electric Company pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, MGE Energy, Inc. or Portland General Electric Company Stock?

Overall, MGE Energy, Inc. stock has a Value Score of 42, Momentum Score of 37 and Estimate Revisions Score of 61.

Portland General Electric Company stock has a Value Score of 56, Momentum Score of 51 and Estimate Revisions Score of 33.

Comparing MGE Energy, Inc. and Portland General Electric Company’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.