KeyCorp Has Negative Outlook for POR Q3 Earnings

Key Points

• KeyCorp cut its Q3 2026 EPS estimate for Portland General Electric to $1.10 from $1.25 and maintains a “Sector Weight” rating. It forecasts full-year 2026 EPS of $3.29, below the current consensus estimate of $3.39.
• Portland General Electric’s latest quarterly results slightly missed expectations, with EPS of $0.64 versus a $0.65 consensus and revenue of $814 million versus $839.75 million expected.
• The stock opened at $44.62, near its 12-month low, while analysts maintain a consensus “Hold” rating with an average price target of $50.15. The company’s quarterly dividend implies a 4.9% yield, though its payout ratio is high at 96.92%.

Portland General Electric Company (NYSE:POR - Free Report) - Investment analysts at KeyCorp dropped their Q3 2026 EPS estimates for Portland General Electric in a report released on Monday, October 12th. KeyCorp analyst S. Karp now expects that the utilities provider will earn $1.10 per share for the quarter, down from their prior estimate of $1.25. 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 Q4 2026 earnings at $0.94 EPS, FY2026 earnings at $3.29 EPS, FY2027 earnings at $3.57 EPS, FY2028 earnings at $3.79 EPS, FY2029 earnings at $4.08 EPS and FY2030 earnings at $4.41 EPS.

Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.01). The company had revenue of $814.00 million during the quarter, compared to the consensus estimate of $839.75 million. Portland General Electric had a net margin of 7.27% and a return on equity of 7.47%. The business's revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 earnings per share.

Other equities research analysts also recently issued reports about the company. LADENBURG THALM/SH SH upgraded Portland General Electric from a "neutral" rating to a "buy" rating and set a $48.50 target price on the stock in a research report on Thursday, August 13th. Zacks Research raised Portland General Electric from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. BMO Capital Markets cut their price target on Portland General Electric from $52.00 to $47.00 and set a "market perform" rating for the company in a report on Wednesday, September 30th. Weiss Ratings downgraded Portland General Electric from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, August 27th. Finally, JPMorgan Chase & Co. reduced their price objective on Portland General Electric from $56.00 to $53.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 9th. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $50.15.

Portland General Electric Trading Down 1.0%

Shares of Portland General Electric stock opened at $44.62 on Wednesday. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.95 and a beta of 0.49. The business has a 50-day moving average price of $47.85 and a 200-day moving average price of $49.97. 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 has a twelve month low of $43.15 and a twelve month high of $54.62.

Portland General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, September 25th will be paid a $0.5513 dividend. This represents a $2.21 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, September 25th. Portland General Electric's dividend payout ratio (DPR) is presently 96.92%.

Insider Buying and Selling at Portland General Electric

In other news, Director Michael Lewis sold 1,537 shares of the business's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $51.83, for a total value of $79,662.71. Following the sale, the director directly owned 15,045 shares in the company, valued at $779,782.35. The trade was a 9.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.52% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bank & Trust Co boosted its position in shares of Portland General Electric by 2.0% during the 2nd quarter. Bank & Trust Co now owns 10,115 shares of the utilities provider's stock valued at $524,000 after acquiring an additional 198 shares during the last quarter. First Citizens Bank & Trust Co. grew its holdings in shares of Portland General Electric by 2.0% in the first quarter. First Citizens Bank & Trust Co. now owns 10,997 shares of the utilities provider's stock valued at $580,000 after purchasing an additional 218 shares during the period. OneDigital Investment Advisors LLC increased its position in Portland General Electric by 3.3% during the second quarter. OneDigital Investment Advisors LLC now owns 7,588 shares of the utilities provider's stock worth $393,000 after purchasing an additional 241 shares during the last quarter. State of Wyoming increased its position in Portland General Electric by 32.9% during the second quarter. State of Wyoming now owns 1,193 shares of the utilities provider's stock worth $62,000 after purchasing an additional 295 shares during the last quarter. Finally, Root Financial Partners LLC increased its position in Portland General Electric by 55.8% during the first quarter. Root Financial Partners LLC now owns 1,014 shares of the utilities provider's stock worth $54,000 after purchasing an additional 363 shares during the last quarter.

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.

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