Portland General Electric (NYSE:POR) Releases Earnings Results, Misses Expectations By $0.19 EPS

Portland General Electric (NYSE:POR) released its quarterly earnings results on Friday. The utilities provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.19), Briefing.com reports. The firm had revenue of $879.00 million during the quarter, compared to analyst estimates of $953.24 million. Portland General Electric had a return on equity of 8.52% and a net margin of 8.56%.The business’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. Portland General Electric updated its FY 2026 guidance to 3.330-3.530 EPS.

Here are the key takeaways from Portland General Electric’s conference call:

• Portland General reaffirmed full‑year adjusted EPS guidance of $3.33–$3.53 and its long‑term earnings and dividend growth target of 5%–7% despite Q1 headwinds.
• Industrial demand grew about 10% year‑over‑year (driven by data centers/high‑tech) and management forecasts large‑customer capacity to rise roughly 10% CAGR through 2030, supporting future load and revenue growth.
• An extremely mild winter reduced residential and small commercial usage, leaving Q1 approximately $0.25 per share below plan and prompting accelerated cost‑management measures to recover the shortfall.
• PGE filed regulatory applications for the Washington acquisition and is targeting a mid‑2027 close while the holding‑company docket advances (with a modest schedule extension) and the transmission‑company element is paused for now.
• Liquidity and financing actions include $954 million of liquidity, a $550 million equity forward, new term loans (including a $680 million delayed‑draw facility for the Washington deal), and a 5% dividend increase to $0.55125 per quarter.

Portland General Electric Price Performance

POR stock opened at $49.81 on Friday. Portland General Electric has a 52-week low of $39.54 and a 52-week high of $54.62. The stock’s fifty day simple moving average is $52.59 and its 200-day simple moving average is $50.12. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 2.07 and a beta of 0.54.

Portland General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th will be issued a dividend of $0.5513 per share. This represents a $2.21 annualized dividend and a dividend yield of 4.4%. This is a positive change from Portland General Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Thursday, June 25th. Portland General Electric’s payout ratio is 75.81%.

Analyst Ratings Changes

POR has been the topic of a number of research reports. BMO Capital Markets restated a “market perform” rating and issued a $55.00 price target on shares of Portland General Electric in a report on Thursday, February 19th. Barclays upped their price target on Portland General Electric from $47.00 to $53.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 17th. JPMorgan Chase & Co. increased their target price on Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Wells Fargo & Company set a $51.00 target price on Portland General Electric in a report on Tuesday, April 21st. Finally, BTIG Research reiterated a “buy” rating and set a $58.00 target price on shares of Portland General Electric in a report on Friday, January 30th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Portland General Electric has an average rating of “Hold” and a consensus price target of $51.00.

Insider Activity

In other news, EVP Benjamin Felton sold 4,969 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $53.56, for a total transaction of $266,139.64. Following the sale, the executive vice president owned 41,081 shares in the company, valued at $2,200,298.36. This trade represents a 10.79% 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. 0.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On Portland General Electric

Several hedge funds have recently made changes to their positions in the business. State Street Corp boosted its holdings in shares of 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 purchasing an additional 156,164 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Portland General Electric by 42.2% during the fourth quarter. AQR Capital Management LLC now owns 3,551,731 shares of the utilities provider’s stock worth $170,448,000 after purchasing an additional 1,054,450 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Portland General Electric by 4.9% during the third quarter. Invesco Ltd. now owns 2,569,082 shares of the utilities provider’s stock worth $113,040,000 after purchasing an additional 119,122 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 worth $87,006,000 after purchasing an additional 38,972 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Portland General Electric by 29.0% during the fourth quarter. Millennium Management LLC now owns 1,787,901 shares of the utilities provider’s stock worth $85,801,000 after purchasing an additional 402,124 shares during the last quarter.

More Portland General Electric News

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

• Positive Sentiment: Industrial demand grew ~10% quarter‑over‑quarter driven by data center and high‑tech customers, supporting outlook for higher commercial/industrial load over time. Portland General Electric Announces First Quarter 2026 Results
• Positive Sentiment: Management reaffirmed FY‑2026 adjusted EPS guidance at $3.33–$3.53, close to consensus, and said it’s targeting a mid‑2027 close on the Washington acquisition — stability in guidance helps limit downside to estimates. PGE reiterates $3.33-$3.53 2026 EPS guidance as it targets mid-2027 Washington close
• Neutral Sentiment: Regional market changes — PacifiCorp is participating in a new Western energy market that promises savings; implications for PGE are mixed (could reduce wholesale costs but change competitive dynamics). PacifiCorp is first Western utility in new energy market that promises savings
• Neutral Sentiment: Earnings call materials and transcript provide detail on weather impacts, customer mix and capital plans for investors willing to dig into guidance drivers. Portland General Electric Company (POR) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Q1 results missed expectations: GAAP EPS and adjusted EPS were below consensus and revenue declined year‑over‑year (weaker residential/commercial usage tied to an unusually mild winter). That shortfall is the primary driver of the share price decline. Portland General Electric Q1 results and call

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.