Portland General Electric (NYSE:POR – Get Free Report) had its target price cut by investment analysts at BMO Capital Markets from $52.00 to $47.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “market perform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective indicates a potential upside of 5.63% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. UBS Group dropped their price objective on Portland General Electric from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday. JPMorgan Chase & Co. cut their price target on shares of Portland General Electric from $56.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, September 9th. LADENBURG THALM/SH SH raised shares of 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. KeyCorp reissued a “sector weight” rating on shares of Portland General Electric in a research report on Thursday, September 24th. Finally, Zacks Research raised Portland General Electric from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Portland General Electric has an average rating of “Hold” and a consensus price target of $50.15.
View Our Latest Research Report on Portland General Electric
Portland General Electric Stock Up 0.7%
Portland General Electric (NYSE:POR – Get Free Report) last released 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). Portland General Electric had a net margin of 7.27% and a return on equity of 7.47%. The company had revenue of $814.00 million for the quarter, compared to analyst estimates of $839.75 million. During the same quarter last year, the firm posted $0.66 EPS. Portland General Electric’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts predict that Portland General Electric will post 3.39 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Michael Lewis sold 1,537 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $51.83, for a total transaction of $79,662.71. Following the completion of the transaction, the director owned 15,045 shares of the company’s stock, valued at approximately $779,782.35. The trade was a 9.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.52% of the company’s stock.
Institutional Trading of Portland General Electric
Several institutional investors and hedge funds have recently made changes to their positions in POR. BlackRock Inc. raised its position in Portland General Electric by 7.4% during the second quarter. BlackRock Inc. now owns 18,719,655 shares of the utilities provider’s stock valued at $970,240,000 after purchasing an additional 1,292,219 shares in the last quarter. State Street Corp boosted its stake in Portland General Electric by 8.0% in the second quarter. State Street Corp now owns 5,019,860 shares of the utilities provider’s stock worth $262,810,000 after buying an additional 372,165 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Portland General Electric by 1,342.7% during the fourth quarter. Clearbridge Investments LLC now owns 4,643,134 shares of the utilities provider’s stock worth $222,824,000 after acquiring an additional 4,321,305 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Portland General Electric by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 2,805,796 shares of the utilities provider’s stock valued at $134,680,000 after purchasing an additional 73,185 shares during the last quarter. Finally, HITE Hedge Asset Management LLC raised its position in Portland General Electric by 27.7% in the 4th quarter. HITE Hedge Asset Management LLC now owns 2,654,761 shares of the utilities provider’s stock worth $127,402,000 after purchasing an additional 576,275 shares during the period.
Trending Headlines about Portland General Electric
Here are the key news stories impacting Portland General Electric this week:
- Positive Sentiment: KeyCorp modestly raised its FY2026 EPS estimate to $3.42 from $3.41 and its FY2029 estimate to $4.09 from $4.03, indicating some longer-term earnings support. However, the firm maintained a “Sector Weight” rating. KeyCorp earnings estimates
- Neutral Sentiment: KeyCorp trimmed its Q3 2026 EPS forecast to $1.25 from $1.26, while its full-year outlook remains around $3.39. The small adjustment suggests limited near-term earnings momentum rather than a major forecast change. KeyCorp quarterly estimate
- Negative Sentiment: UBS lowered its price target to $50 from $53 but retained a “Neutral” rating. Although the revised target implies potential upside from the current quote, the reduction signals weaker valuation expectations. UBS price target cut
- Negative Sentiment: The stock fell 6.5% after an analyst downgrade, intensifying selling pressure already associated with the lower UBS target. Portland General Electric analyst downgrade
- Negative Sentiment: Portland General Electric halted its holding-company restructuring plan after the Oregon Public Utility Commission imposed conditions the company considers too strict. The potential abandonment delays the strategic transaction and creates regulatory uncertainty. Holding company restructuring halted
- Negative Sentiment: The company also faces conditions attached to an $83 million order, adding to investor concerns about regulatory oversight and execution risk. $83 million order conditions
- Negative Sentiment: A billing issue involving missing solar credits reportedly affects hundreds of customers, creating potential customer-relations and compliance concerns, though the financial impact is not yet clear. Missing solar credits issue
Portland General Electric Company Profile
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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