KeyCorp Expects Lower Earnings for Portland General Electric

Portland General Electric Company (NYSE:POR) – Stock analysts at KeyCorp lowered their Q3 2026 earnings per share (EPS) estimates for Portland General Electric in a research note issued to investors on Wednesday, September 23rd. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings of $1.25 per share for the quarter, down from their prior estimate of $1.26. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for Portland General Electric’s current full-year earnings is $3.39 per share. KeyCorp also issued estimates for Portland General Electric’s FY2026 earnings at $3.42 EPS and FY2029 earnings at $4.09 EPS.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings cut Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, August 27th. JPMorgan Chase & Co. decreased their price objective on shares of Portland General Electric from $56.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, September 9th. LADENBURG THALM/SH SH raised Portland General Electric from a “neutral” rating to a “buy” rating and set a $48.50 target price on the stock in a research note on Thursday, August 13th. UBS Group reduced their price target on Portland General Electric from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday. Finally, BMO Capital Markets cut their price objective on Portland General Electric from $52.00 to $47.00 and set a “market perform” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.15.

Portland General Electric Stock Performance

Shares of NYSE:POR opened at $44.70 on Tuesday. Portland General Electric has a 52 week low of $42.58 and a 52 week high of $54.62. The stock has a market capitalization of $5.26 billion, a P/E ratio of 19.69, a PEG ratio of 1.92 and a beta of 0.51. The firm has a fifty day simple moving average of $48.93 and a two-hundred day simple moving average of $50.44. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.26.

Portland General Electric (NYSE:POR) last issued its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). Portland General Electric had a return on equity of 7.47% and a net margin of 7.27%.The firm had revenue of $814.00 million for the quarter, compared to analysts’ expectations of $839.75 million. During the same period last year, the company earned $0.66 earnings per share. The firm’s revenue was up .9% on a year-over-year basis.

Portland General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, September 25th will be given a dividend of $0.5513 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $2.21 dividend on an annualized basis and a yield of 4.9%. Portland General Electric’s payout ratio is 96.92%.

Insider Activity

In other news, Director Michael Lewis sold 1,537 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $51.83, for a total transaction of $79,662.71. Following the transaction, the director owned 15,045 shares in the company, valued at approximately $779,782.35. This trade represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Portland General Electric

Hedge funds and other institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC lifted its holdings in shares of Portland General Electric by 18.8% during the 1st quarter. Sterling Capital Management LLC now owns 127,496 shares of the utilities provider’s stock valued at $6,728,000 after purchasing an additional 20,147 shares during the last quarter. Norges Bank purchased a new position in Portland General Electric during the 4th quarter worth $56,497,000. Russell Investments Group Ltd. grew its stake in Portland General Electric by 40.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 264,569 shares of the utilities provider’s stock worth $13,714,000 after buying an additional 75,775 shares during the last quarter. Engineers Gate Manager LP increased its position in Portland General Electric by 323.2% during the 2nd quarter. Engineers Gate Manager LP now owns 80,264 shares of the utilities provider’s stock valued at $4,160,000 after buying an additional 61,297 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Portland General Electric by 6.9% in the second quarter. Principal Financial Group Inc. now owns 412,780 shares of the utilities provider’s stock valued at $21,394,000 after buying an additional 26,754 shares during the last quarter.

Portland General Electric News Summary

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

• Positive Sentiment: KeyCorp modestly raised its FY2026 EPS forecast to $3.42 from $3.41 and its FY2029 forecast to $4.09 from $4.03. However, the firm maintained a “Sector Weight” rating, limiting the bullish impact.
• Neutral Sentiment: Portland General Electric halted its proposed holding-company restructuring after Oregon regulators imposed conditions the company viewed as overly strict. The decision may reduce near-term execution and regulatory risks, but it also removes a potential strategic initiative. Portland General Electric halts holding company restructuring plan
• Negative Sentiment: BMO Capital Markets cut its price target from $52 to $47 and assigned a “Market Perform” rating. Although the new target implies roughly 5.2% upside, the reduction signals less confidence in POR’s near-term valuation.
• Negative Sentiment: UBS Group also lowered its price target, adding to the recent analyst pressure. A separate report attributed a roughly 6.5% stock decline to an analyst downgrade, suggesting the revisions are having a direct effect on trading sentiment. Portland General Electric stock price target cut by UBS Group
• Negative Sentiment: Portland General Electric faces conditions on an $83 million order, creating additional regulatory uncertainty and potentially increasing compliance or execution costs. Portland General Electric faces conditions on $83 million order
• Negative Sentiment: A customer-billing report said hundreds of customers may have experienced missing solar credits. While likely limited financially, the issue could create reputational and regulatory concerns. Missing solar credits affect PGE customers

About Portland General Electric

Portland General Electric Company (NYSE: POR) is an investor-owned electric utility headquartered in Portland, Oregon. Founded in 1889, the company generates, purchases, transmits, distributes and sells electricity to residential, commercial and industrial customers throughout much of Oregon.

Portland General Electric operates a diverse energy portfolio that includes hydroelectric, wind, solar, natural gas and other resources, while also purchasing electricity through wholesale markets and power agreements.