Portland General Electric (NYSE:POR) Releases FY 2026 Earnings Guidance

Portland General Electric (NYSE:POR) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 3.330-3.530 for the period, compared to the consensus estimate of 3.380. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Portland General Electric from $45.00 to $49.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 20th. UBS Group reduced their price target on Portland General Electric from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. LADENBURG THALM/SH SH reissued a “sell” rating and set a $43.00 price objective on shares of Portland General Electric in a report on Thursday, December 4th. BMO Capital Markets reissued a “market perform” rating on shares of Portland General Electric in a research note on Tuesday, December 30th. Finally, Jefferies Financial Group upped their target price on Portland General Electric from $43.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.42.

Portland General Electric Stock Performance

POR opened at $54.04 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.25. The stock’s 50 day moving average price is $49.40 and its two-hundred day moving average price is $46.51. The firm has a market capitalization of $6.08 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 4.73 and a beta of 0.67. Portland General Electric has a 12-month low of $39.54 and a 12-month high of $54.28.

Portland General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 23rd will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $2.10 dividend on an annualized basis and a yield of 3.9%. Portland General Electric’s payout ratio is 76.36%.

Key Stories Impacting Portland General Electric

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

• Positive Sentiment: Announced acquisition of PacifiCorp’s Washington generation, transmission and utility operations for $1.9 billion, expanding PGE’s service territory and generation mix (includes Chehalis thermal plant and wind facilities). Management frames the deal as a strategic growth step with a reported ~1.4x 2026 rate-base multiple. PacifiCorp to Sell Washington Service Area to Portland General Electric
• Positive Sentiment: Initiated 2026 adjusted EPS guidance of $3.33–$3.53 and reaffirmed long-term EPS growth of 5%–7%, giving investors a view of future earnings trajectory. Press release on acquisition, 2025 results and 2026 guidance
• Positive Sentiment: Declared a quarterly dividend of $0.525/share (annualized yield ~3.9%), supporting income-focused investors. (Ex-dividend date Mar 23.)
• Neutral Sentiment: Guidance nuance: the $3.33–$3.53 range includes the consensus (~$3.38) but the lower end is below consensus while the midpoint (~$3.43) is slightly above — a mixed signal that may temper reactions until further detail from the call. Press release on guidance
• Negative Sentiment: Q4 EPS missed estimates: reported $0.47 vs. consensus ~ $0.66–$0.72, with management citing historic winter weather that reduced results by roughly $0.17. The miss is the main near-term catalyst pressuring the stock. Zacks: Q4 Earnings Lag Estimates
• Negative Sentiment: Ongoing issues flagged around data-center costs and potential trade-offs with dividend/capex could raise investor concern over capital allocation amid the large acquisition. Yahoo Finance: Data center cost dispute and dividend trade offs

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. State Street Corp grew its position in Portland General Electric by 3.4% during the fourth quarter. State Street Corp now owns 4,728,784 shares of the utilities provider’s stock worth $229,333,000 after buying an additional 156,164 shares in the last quarter. Invesco Ltd. lifted its position in shares of Portland General Electric by 4.9% in the 3rd quarter. Invesco Ltd. now owns 2,569,082 shares of the utilities provider’s stock worth $113,040,000 after acquiring an additional 119,122 shares during the period. AQR Capital Management LLC grew its holdings in shares of Portland General Electric by 34.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,497,281 shares of the utilities provider’s stock worth $109,381,000 after purchasing an additional 634,890 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Portland General Electric by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,812,996 shares of the utilities provider’s stock valued at $87,006,000 after purchasing an additional 38,972 shares during the period. Finally, Morgan Stanley increased its position in shares of Portland General Electric by 3.1% during the fourth quarter. Morgan Stanley now owns 1,544,643 shares of the utilities provider’s stock valued at $74,128,000 after purchasing an additional 46,154 shares during the period.

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.