Portland General Electric (NYSE:POR) Stock Gets Price Target Reduction from Wells Fargo & Company

Portland General Electric (NYSE:POR) had its price objective reduced by Wells Fargo & Company from $58.00 to $56.00 in a report released on Friday morning,Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.

A number of other research analysts also recently issued reports on the stock. LADENBURG THALM/SH SH upgraded shares of 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. BMO Capital Markets cut their price objective on shares of Portland General Electric from $52.00 to $47.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 30th. Weiss Ratings downgraded shares of Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, August 27th. BTIG Research set a $57.00 price target on Portland General Electric in a report on Tuesday, October 20th. Finally, Zacks Research upgraded Portland General Electric from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.06.

Portland General Electric Stock Performance

NYSE POR opened at $44.45 on Friday. The company has a market capitalization of $5.29 billion, a P/E ratio of 19.08, a PEG ratio of 2.76 and a beta of 0.48. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.15 and a quick ratio of 1.01. The business has a 50 day moving average price of $46.48 and a 200 day moving average price of $50.00. Portland General Electric has a 1-year low of $43.26 and a 1-year high of $54.62.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Thursday, October 29th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.05). Portland General Electric had a net margin of 7.68% and a return on equity of 7.66%. The firm had revenue of $971.00 million for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the company earned $1.00 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Sell-side analysts expect that Portland General Electric will post 3.22 EPS for the current fiscal year.

Portland General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, December 22nd will be paid a dividend of $0.5513 per share. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $2.21 annualized dividend and a yield of 5.0%. Portland General Electric’s payout ratio is 94.42%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of POR. BlackRock Inc. lifted its stake in Portland General Electric by 7.4% in the second quarter. BlackRock Inc. now owns 18,719,655 shares of the utilities provider’s stock valued at $970,240,000 after buying an additional 1,292,219 shares during the period. State Street Corp increased its stake in shares of 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 purchasing an additional 372,165 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Portland General Electric by 31.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,329,723 shares of the utilities provider’s stock valued at $120,750,000 after purchasing an additional 553,570 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Portland General Electric by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,831,142 shares of the utilities provider’s stock worth $96,629,000 after buying an additional 18,146 shares during the period. Finally, Bank of America Corp DE raised its stake in Portland General Electric by 60.6% during the first quarter. Bank of America Corp DE now owns 1,660,446 shares of the utilities provider’s stock valued at $87,622,000 after buying an additional 626,223 shares during the last quarter.

Portland General Electric News Summary

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

• Positive Sentiment: Industrial customer demand increased 9% year over year, supported by continued growth from high-tech and data-center customers. Management said long-term guidance remains intact despite the near-term weather impact. Portland General Electric Announces Third Quarter 2026 Results
• Positive Sentiment: Wells Fargo maintained an “overweight” rating on POR and continues to see substantial potential upside, although it reduced its price target to $56 from $58. Wells Fargo Portland General Electric rating
• Neutral Sentiment: Third-quarter adjusted earnings rose to $1.06 per share from $1.00 a year earlier, while revenue increased 2% to $971 million. However, both figures were below consensus estimates of $1.11 in adjusted EPS and approximately $1.02 billion in revenue. Portland General Electric third-quarter earnings
• Negative Sentiment: Portland General Electric lowered its 2026 adjusted earnings guidance to $3.18-$3.28 per share, citing unusually mild weather during the third quarter. The revision reinforces concerns about near-term earnings pressure, even though management left its longer-term outlook unchanged. Portland General Electric lowers 2026 outlook
• Negative Sentiment: The earnings shortfall and guidance reduction are the main reasons investors may remain cautious on POR, particularly as the company’s current-year outlook is now below the previously expected $3.32 per share.

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 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.