Portland General Electric (NYSE:POR) Stock Price Target Lowered at Wells Fargo & Company

Key Points

• Wells Fargo lowered Portland General Electric’s price target from $58 to $56 while maintaining an “overweight” rating, implying approximately 25.8% upside from the prior close.
• Analyst sentiment remains cautious: three analysts rate the stock a Buy and seven rate it Hold, producing an overall “Hold” consensus and an average price target of $51.06.
• Portland General Electric reported quarterly EPS of $1.06, below the $1.11 consensus estimate, while revenue of $971 million also missed forecasts. Shares rose 0.7% to $44.52, but the company’s outlook was pressured by mild weather and a reduced 2026 adjusted EPS forecast of $3.18–$3.28.

Portland General Electric (NYSE:POR - Get Free Report) had its price target dropped by equities research analysts at Wells Fargo & Company from $58.00 to $56.00 in a research note issued on Friday, Benzinga reports. The firm currently has an "overweight" rating on the utilities provider's stock. Wells Fargo & Company's target price points to a potential upside of 25.78% from the stock's previous close.

Several other research analysts have also commented on the company. BMO Capital Markets decreased their target price on Portland General Electric from $52.00 to $47.00 and set a "market perform" rating for the company in a research report on Wednesday, September 30th. LADENBURG THALM/SH SH raised Portland General Electric from a "neutral" rating to a "buy" rating and set a $48.50 price target on the stock in a research report on Thursday, August 13th. Zacks Research upgraded Portland General Electric from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. KeyCorp reaffirmed a "sector weight" rating on shares of Portland General Electric in a report on Thursday, September 24th. Finally, Weiss Ratings lowered shares of Portland General Electric from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, August 27th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $51.06.

Portland General Electric Stock Up 0.7%

Shares of POR traded up $0.33 during midday trading on Friday, hitting $44.52. The company had a trading volume of 663,176 shares, compared to its average volume of 1,408,298. The company's 50 day moving average price is $46.59 and its 200 day moving average price is $50.02. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 2.68 and a beta of 0.49. Portland General Electric has a 52 week low of $43.26 and a 52 week high of $54.62. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The utilities provider reported $1.06 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.05). The company had revenue of $971.00 million for the quarter, compared to the consensus estimate of $1.02 billion. Portland General Electric had a return on equity of 7.47% and a net margin of 7.27%. The business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 EPS. On average, equities research analysts predict that Portland General Electric will post 3.32 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of POR. 1834 Investment Advisors Co. grew its position in Portland General Electric by 125.1% in the 3rd quarter. 1834 Investment Advisors Co. now owns 100,332 shares of the utilities provider's stock worth $4,478,000 after purchasing an additional 55,751 shares during the last quarter. Engineers Gate Manager LP increased its holdings in Portland General Electric by 323.2% in 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 during the period. State Street Corp raised its stake in shares of Portland General Electric by 8.0% in the 2nd quarter. State Street Corp now owns 5,019,860 shares of the utilities provider's stock valued at $262,810,000 after buying an additional 372,165 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Portland General Electric by 40.1% during the second quarter. Russell Investments Group Ltd. now owns 264,569 shares of the utilities provider's stock worth $13,714,000 after purchasing an additional 75,775 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of Portland General Electric by 97.7% in the 1st quarter. Royal Bank of Canada now owns 219,718 shares of the utilities provider's stock valued at $11,593,000 after purchasing an additional 108,585 shares during the period.

Key Stories Impacting Portland General Electric

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

• Positive Sentiment: Industrial customer demand increased 9% year over year, driven by continued expansion from high-tech and data-center customers. Management indicated that long-term growth expectations remain intact. Portland General Electric Announces Third Quarter 2026 Results
• Positive Sentiment: Third-quarter adjusted earnings rose to $1.06 per diluted share from $1.00 a year earlier, while revenue increased 2% to $971 million. The company also emphasized that its longer-term earnings guidance remains unchanged. Portland General Electric Company Bottom Line Climbs In Q3
• Neutral Sentiment: Management continues to see data centers and other large-load customers as important growth drivers, but the timing and scale of new demand remain factors investors will monitor during the earnings call and subsequent quarters. Portland General Electric Q3 2026 Earnings Call Transcript
• Negative Sentiment: Adjusted EPS of $1.06 missed consensus estimates ranging from $1.07 to $1.11, and revenue was below the approximately $1.02 billion analyst forecast. Portland General Electric Misses Q3 Earnings Estimates
• Negative Sentiment: Portland General Electric lowered its 2026 adjusted EPS guidance to $3.18–$3.28 per share because of the unusually mild third quarter. The guidance reduction is likely the primary reason for the stock’s weakness, despite year-over-year earnings growth. Portland General Electric Lowers 2026 Outlook

About Portland General Electric

Portland General Electric Company NYSE: POR is an investor-owned electric utility that generates, purchases, transmits, distributes and sells electricity to residential, commercial and industrial customers. The company also offers energy-management programs, renewable energy options and other services designed to support energy efficiency and electrification.

PGE serves communities throughout the state of Oregon, including the Portland metropolitan area and the Willamette Valley. Its operations include a diverse portfolio of power generation resources, transmission and distribution infrastructure, and programs supporting the integration of renewable energy and electric vehicles.

The company traces its history to the development of electric service in Oregon in the late 19th century.

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