KeyCorp Brokers Reduce Earnings Estimates for POR

Portland General Electric Company (NYSE:POR) – Equities researchers at KeyCorp decreased their Q2 2026 earnings per share (EPS) estimates for Portland General Electric in a research note issued to investors on Wednesday, July 22nd. KeyCorp analyst S. Karp now forecasts that the utilities provider will earn $0.63 per share for the quarter, down from their previous forecast of $0.69. 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 Q3 2026 earnings at $1.26 EPS, FY2026 earnings at $3.41 EPS and FY2029 earnings at $4.03 EPS.

Portland General Electric (NYSE:POR) last announced its quarterly earnings results on Thursday, April 30th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.19). The business had revenue of $879.00 million for the quarter, compared to analysts’ expectations of $953.24 million. Portland General Electric had a return on equity of 7.57% and a net margin of 7.12%.The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share.

Several other research firms have also recently weighed in on POR. JPMorgan Chase & Co. boosted their target price on Portland General Electric from $51.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. BMO Capital Markets dropped their price target on shares of Portland General Electric from $55.00 to $54.00 and set a “market perform” rating on the stock in a research note on Wednesday. Zacks Research cut shares of Portland General Electric from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Wells Fargo & Company set a $51.00 price objective on shares of Portland General Electric in a research report on Tuesday, April 21st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Portland General Electric in a report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Portland General Electric has a consensus rating of “Reduce” and an average price target of $50.90.

Portland General Electric Trading Down 0.7%

POR opened at $52.03 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.95 and a current ratio of 1.09. Portland General Electric has a one year low of $39.85 and a one year high of $54.62. The company has a market cap of $6.02 billion, a P/E ratio of 23.23, a PEG ratio of 2.20 and a beta of 0.52. The business’s 50-day simple moving average is $51.07 and its 200-day simple moving average is $51.26.

Insider Activity

In other Portland General Electric news, VP Juan Diego Gallegos sold 2,750 shares of Portland General Electric stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $48.67, for a total transaction of $133,842.50. Following the transaction, the vice president owned 12,127 shares of the company’s stock, valued at $590,221.09. The trade was a 18.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert N. Hoglund acquired 2,000 shares of Portland General Electric stock in a transaction on Monday, May 11th. The stock was purchased at an average price of $48.80 per share, with a total value of $97,600.00. Following the purchase, the director owned 2,519 shares of the company’s stock, valued at $122,927.20. The trade was a 385.36% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Portland General Electric

A number of institutional investors have recently modified their holdings of POR. Bank & Trust Co boosted its stake in Portland General Electric by 2.0% during the 2nd quarter. Bank & Trust Co now owns 10,115 shares of the utilities provider’s stock worth $524,000 after purchasing an additional 198 shares during the period. Canvas Wealth Advisors LLC acquired a new position in Portland General Electric in the second quarter valued at $208,000. Hennion & Walsh Asset Management Inc. increased its stake in Portland General Electric by 110.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 28,078 shares of the utilities provider’s stock valued at $1,455,000 after purchasing an additional 14,726 shares during the period. Versant Capital Management Inc raised its holdings in shares of Portland General Electric by 426.4% in the second quarter. Versant Capital Management Inc now owns 2,369 shares of the utilities provider’s stock valued at $123,000 after buying an additional 1,919 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Portland General Electric by 23.9% in the first quarter. Pacer Advisors Inc. now owns 16,583 shares of the utilities provider’s stock valued at $875,000 after buying an additional 3,197 shares during the last quarter.

Key Portland General Electric News

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

• Positive Sentiment: KeyCorp raised its Q3 2026 earnings estimate for Portland General Electric to $1.26 per share from $1.08, suggesting stronger near-term profitability expectations. MarketBeat POR report
• Neutral Sentiment: Analysts expect Portland General Electric to report earnings on Friday, putting the company in the spotlight ahead of the quarterly update. Portland General Electric (POR) Projected to Post Earnings on Friday
• Neutral Sentiment: Hot weather has contributed to widespread power outages across the Portland metro area, highlighting near-term operational strain but also underscoring elevated electricity demand. Over 8,000 without power in Portland metro as temps near 100 degrees
• Neutral Sentiment: PGE customers experienced additional outages in Goose Hollow, SW Portland, and Tigard during the heat wave, which may increase scrutiny of grid reliability. Thousands of PGE customers lose power across Portland metro area amid hot weather
• Neutral Sentiment: Workers at PGE’s Tualatin power grid operations center may strike starting Aug. 2, creating a potential labor disruption risk if negotiations fail. Workers at PGE’s Tualatin power grid operation center may go on strike starting Aug. 2, union says
• Negative Sentiment: KeyCorp trimmed Q2 2026 EPS estimates to $0.63 from $0.69, and also nudged FY2026 and FY2029 forecasts slightly lower, reinforcing worries about earnings growth. MarketBeat POR report
• Negative Sentiment: Zacks flagged that Portland General Electric may be headed for a year-over-year earnings decline in its upcoming report, which could weigh on the shares if results disappoint. Analysts Estimate Portland General Electric (POR) to Report a Decline in Earnings: What to Look Out for

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.