KeyCorp Issues Negative Forecast for POR Earnings

Portland General Electric Company (NYSE:POR) – Analysts at KeyCorp decreased their Q2 2026 earnings per share (EPS) estimates for shares of Portland General Electric in a research report issued on Wednesday, July 22nd. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings per share of $0.63 for the quarter, down from their prior estimate 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.

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

Portland General Electric Price Performance

NYSE POR opened at $52.03 on Friday. The business’s fifty day moving average price is $51.07 and its 200-day moving average price is $51.26. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 2.19 and a beta of 0.52. Portland General Electric has a 1-year low of $39.85 and a 1-year high of $54.62. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.09 and a quick ratio of 0.95.

Portland General Electric (NYSE:POR) last released its earnings results on Thursday, April 30th. The utilities provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.19). The company had revenue of $879.00 million during 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 company’s revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share.

Institutional Trading of Portland General Electric

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its position in Portland General Electric by 7.4% in the first quarter. Royal Bank of Canada now owns 161,931 shares of the utilities provider’s stock worth $7,222,000 after acquiring an additional 11,141 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Portland General Electric by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,949 shares of the utilities provider’s stock valued at $2,763,000 after purchasing an additional 2,717 shares during the period. Millennium Management LLC lifted its stake in shares of Portland General Electric by 465.5% in the 1st quarter. Millennium Management LLC now owns 151,134 shares of the utilities provider’s stock valued at $6,741,000 after purchasing an additional 124,410 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Portland General Electric during the 1st quarter worth $271,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Portland General Electric by 6.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,640 shares of the utilities provider’s stock worth $10,420,000 after purchasing an additional 13,799 shares during the last quarter.

Insider Buying and Selling at Portland General Electric

In other news, VP Juan Diego Gallegos sold 2,750 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $48.67, for a total value of $133,842.50. Following the completion of the sale, the vice president owned 12,127 shares in the company, valued at approximately $590,221.09. The trade was a 18.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Joseph R. Trpik, Jr. sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $49.03, for a total transaction of $367,725.00. Following the completion of the sale, the chief financial officer owned 31,897 shares in the company, valued at $1,563,909.91. This represents a 19.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.52% of the stock is currently owned by corporate insiders.

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.