Portland General Electric (POR) Price Target Raised to $49

Portland General Electric Company (NYSE:POR) is included among the 10 High Yield Utility Stocks to Buy in 2026.

Portland General Electric Company (NYSE:POR) is an integrated electric utility company, engaged in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon.

Portland General Electric Company (NYSE:POR) received a lift on January 20 when Wells Fargo raised its price target on the stock from $45 to $49, while maintaining an ‘Equal Weight’ rating on the shares. The analyst believes that while the utility is headed in the right direction, it still needs more time to unlock its full value, and the shares could remain range-bound until new catalysts begin to bear fruit.

Portland General Electric Company (NYSE:POR) is set to announce its FY 2025 results on February 20. The company is expecting its adjusted earnings for the year to come in at $3.13 to $3.33 per diluted share. Moreover, it is forecasting a long-term EPS and dividend growth guidance of 5% to 7%, and long-term growth guidance of 3% through 2029.

Portland General Electric Company (NYSE:POR) offers an attractive annual dividend yield of 4.16% as of the writing of this piece. The stock has surged by more than 19% over the last year.

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