Portland General Electric (NYSE:POR) Releases Earnings Results

Portland General Electric (NYSE:POR) issued its quarterly earnings data on Tuesday. The utilities provider reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.12), FiscalAI reports. Portland General Electric had a return on equity of 8.32% and a net margin of 8.63%.The firm had revenue of $889.00 million for the quarter, compared to the consensus estimate of $892.31 million. During the same quarter in the prior year, the firm earned $0.36 EPS. Portland General Electric updated its FY 2026 guidance to 3.330-3.530 EPS.

Here are the key takeaways from Portland General Electric’s conference call:

• PGE agreed to acquire PacifiCorp’s Washington electric utility business for $1.9 billion, forming a joint venture where PGE will operate and Manulife will own 49%; the deal increases PGE’s portfolio by ~18% and is forecast to be accretive in the first full year while supporting long‑term EPS/dividend growth of 5%–7%.
• PGE reported 2025 GAAP EPS of $2.77 and non‑GAAP EPS of $3.05 (weather reduced earnings by ~$0.17), and provided 2026 guidance of $3.33–$3.53 while reaffirming the 5%–7% long‑term earnings and dividend growth target.
• Strong large‑customer demand is driving growth—2025 industrial load rose 14%, PGE executed five data‑center contracts totaling 430 MW with a ~1.7 GW pipeline—and PGE is advancing RFPs plus new solar+battery projects (Bigelow, Wheatridge) eligible for 30%–40% federal tax credits.
• Financing commitments and bridge financing are secured (Barclays, J.P. Morgan and Manulife) with a planned permanent mix of roughly $600M Manulife equity, $700M Washington‑utility secured debt and ~$600M at the proposed holdco; liquidity was ~$954M at year‑end, ATM upsized to $500M, and base equity need is expected at ~$300M in 2026 tapering to ~$50M in 2027.
• The transaction requires regulatory approvals in Oregon, Washington and FERC (each review ~11–12 months), carries conditional break fees (~$35M) and depends on outcomes under Oregon’s no‑harm and Washington’s net‑benefit standards, creating timing and approval risk.

Portland General Electric Stock Down 3.0%

NYSE POR traded down $1.57 during trading hours on Wednesday, hitting $51.00. The company’s stock had a trading volume of 5,294,841 shares, compared to its average volume of 1,091,951. The company has a market capitalization of $5.74 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 4.73 and a beta of 0.67. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.25. Portland General Electric has a 52 week low of $39.54 and a 52 week high of $54.39. The company’s 50-day simple moving average is $49.48 and its two-hundred day simple moving average is $46.59.

Portland General Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 23rd will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Monday, March 23rd. Portland General Electric’s dividend payout ratio (DPR) is currently 76.36%.

Portland General Electric News Roundup

Here are the key news stories impacting Portland General Electric this week:

• Positive Sentiment: PGE agreed to acquire select PacifiCorp Washington generation, transmission and utility operations for $1.9 billion — expands footprint into Washington, adds ~140k customers and renewable generation assets (supports rate-base growth and future cash flow). PacifiCorp to Sell Washington Service Area to Portland General Electric
• Positive Sentiment: Company reaffirmed long-term EPS growth of 5–7% and initiated FY‑2026 adjusted EPS guidance of $3.33–$3.53, signalling management expects continuing regulated/renewable-driven earnings expansion. PGE announces acquisition and initiates 2026 guidance
• Positive Sentiment: Analyst activity and sector tailwinds: Barclays raised its price target (to $53) and industry write-ups highlight wind/renewables growth where POR has exposure — supportive for sentiment and medium‑term thesis. Benzinga coverage of analyst action
• Neutral Sentiment: Full Q4 presentation and earnings call transcript are available — useful for modelling weather impacts, rate base detail and M&A assumptions. Q4 results presentation
• Negative Sentiment: Q4 earnings missed expectations: reported $0.47 EPS vs. consensus ~ $0.66–$0.72; management said historic Q4 weather reduced earnings by ~ $0.17 — near-term beat/miss pressure and volatility in quarterly results. Q4 earnings lag estimates
• Negative Sentiment: PGE launched a significant equity raise — a $480M offering and subsequently priced 9,467,455 shares at $50.70 — which is dilutive in the near term though proceeds help fund the PacifiCorp purchase and growth projects. Public offering priced

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Mizuho set a $47.00 target price on Portland General Electric in a research report on Monday, November 3rd. BTIG Research reissued a “buy” rating and issued a $58.00 price target on shares of Portland General Electric in a research note on Friday, January 30th. Jefferies Financial Group raised their price objective on shares of Portland General Electric from $43.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Wells Fargo & Company boosted their target price on shares of Portland General Electric from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 20th. Finally, LADENBURG THALM/SH SH reissued a “sell” rating and set a $43.00 target price on shares of Portland General Electric in a research note on Thursday, December 4th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Portland General Electric currently has an average rating of “Hold” and an average target price of $48.92.

Institutional Trading of Portland General Electric

Institutional investors and hedge funds have recently made changes to their positions in the company. Natixis Advisors LLC increased its stake in shares of Portland General Electric by 0.6% during the 4th quarter. Natixis Advisors LLC now owns 35,548 shares of the utilities provider’s stock worth $1,706,000 after purchasing an additional 207 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Portland General Electric by 18.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,469 shares of the utilities provider’s stock valued at $71,000 after purchasing an additional 226 shares during the period. Quadrant Capital Group LLC increased its position in Portland General Electric by 2.9% in the fourth quarter. Quadrant Capital Group LLC now owns 10,276 shares of the utilities provider’s stock worth $493,000 after buying an additional 291 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Portland General Electric by 0.4% in the second quarter. California State Teachers Retirement System now owns 101,342 shares of the utilities provider’s stock valued at $4,118,000 after buying an additional 361 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Portland General Electric by 2.7% in the fourth quarter. Bank of Montreal Can now owns 13,984 shares of the utilities provider’s stock valued at $671,000 after buying an additional 370 shares during the period.

Portland General Electric Company Profile

Portland General Electric (NYSE:POR) is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.

As one of Oregon’s largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.