KeyCorp Issues Pessimistic Outlook for POR Earnings

Key Points

• KeyCorp lowered Portland General Electric’s Q3 2026 EPS estimate to $1.25 from $1.26 while maintaining a “Sector Weight” rating; full-year consensus EPS is $3.38.
• POR shares opened at $44.22, down 5.6%, and analysts maintain an overall “Hold” rating with an average price target of $50.65.
• The company recently missed quarterly expectations, reporting $0.64 EPS versus $0.65 expected and $814 million in revenue versus $839.75 million anticipated, while declaring a $0.5513 quarterly dividend yielding approximately 5.0%.

Portland General Electric Company (NYSE:POR - Free Report) - Investment analysts at KeyCorp reduced their Q3 2026 EPS estimates for shares of Portland General Electric in a research report issued to clients and investors on Wednesday, September 23rd. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings per share of $1.25 for the quarter, down from their previous 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 $3.38 per share. KeyCorp also issued estimates for Portland General Electric's FY2026 earnings at $3.42 EPS and FY2029 earnings at $4.09 EPS.

POR has been the subject of several other reports. BMO Capital Markets set a $52.00 target price on Portland General Electric in a report on Tuesday, August 4th. Weiss Ratings cut Portland General Electric from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, August 27th. LADENBURG THALM/SH SH upgraded Portland General Electric from a "neutral" rating to a "buy" rating and set a $48.50 price objective for the company 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 report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. dropped their price objective on 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. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $50.65.

Portland General Electric Stock Down 5.6%

POR opened at $44.22 on Tuesday. The company has a market cap of $5.20 billion, a P/E ratio of 19.48, a P/E/G ratio of 2.02 and a beta of 0.51. The business's 50-day moving average price is $49.25 and its 200-day moving average price is $50.55. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. Portland General Electric has a 12 month low of $42.58 and a 12 month high of $54.62.

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

Portland General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.5513 per share. This represents a $2.21 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, September 25th. Portland General Electric's dividend payout ratio is 96.92%.

Insider Buying and Selling at Portland General Electric

In related news, Director Michael Lewis sold 1,537 shares of the firm's stock in a transaction dated Monday, July 27th. The stock was 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 of the company's stock, valued at $779,782.35. This trade represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.52% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. QRG Capital Management Inc. increased its position in Portland General Electric by 13.2% during the 2nd quarter. QRG Capital Management Inc. now owns 17,431 shares of the utilities provider's stock valued at $903,000 after purchasing an additional 2,029 shares during the period. State Street Corp raised its holdings in 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 worth $262,810,000 after purchasing an additional 372,165 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Portland General Electric by 1.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 138,252 shares of the utilities provider's stock worth $7,166,000 after purchasing an additional 1,410 shares during the period. Tidal Investments LLC lifted its position in shares of Portland General Electric by 125.4% in the 2nd quarter. Tidal Investments LLC now owns 46,238 shares of the utilities provider's stock worth $2,397,000 after purchasing an additional 25,727 shares during the period. Finally, Engineers Gate Manager LP boosted its stake in shares of 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 purchasing an additional 61,297 shares in 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 estimate to $4.09 from $4.03. However, the firm maintained a “Sector Weight” rating. KeyCorp earnings estimates
• Neutral Sentiment: UBS lowered its price target for Portland General Electric to $50 from $53 while maintaining a “Neutral” rating. The revised target still implies potential upside from the referenced share price, but the reduction signals more cautious expectations. UBS lowers POR price target
• Neutral Sentiment: Trading in POR was temporarily halted under a “News Pending” designation, indicating that market participants were awaiting material company or regulatory information. Portland General Electric trading information
• Negative Sentiment: KeyCorp trimmed its Q3 2026 EPS estimate to $1.25 from $1.26. Although the reduction is small, it adds to near-term earnings caution, particularly as the company’s current-year consensus estimate is $3.38 per share. KeyCorp quarterly earnings estimate
• Negative Sentiment: Portland General Electric said an Oregon Public Utility Commission order placed overly strict conditions on its proposed holding-company plan. Reports indicate the company may abandon the proposal after regulators rewrote the deal, creating uncertainty around the company’s strategic and corporate structure. PGE holding-company proposal regulatory dispute PGE may abandon holding-company plan
• Negative Sentiment: A billing problem involving missing solar credits reportedly affects hundreds of customers. While the financial impact is unclear, the issue could increase customer-relations, regulatory and reimbursement concerns. Missing solar credits issue

About Portland General Electric

Portland General Electric Company NYSE: POR is an investor-owned electric utility that generates, purchases, transmits, distributes and sells electricity in Oregon. The company serves residential, commercial, industrial and other customers, offering electric delivery and related energy services across its service territory.

Founded in 1889, Portland General Electric is headquartered in Portland, Oregon, and serves communities in the Portland metropolitan area and the Willamette Valley, among other parts of the state.

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