Portland General Electric Company (POR): $6.27 million was the positive money flow into the stock on Tuesday and the up/down ratio of ticks was also in favor of the bulls at 3.94. The value of trades done on upticks was $8.4 million, whereas, trades done on downticks were valued at $2.13 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $6.47 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $6.47 million. Portland General Electric Company (POR) fell $0.43 traded at $41.79, a change of -1.02% over the previous day. The stock is 0.12% for the week.
Also, In a research note released to the investors, Bank of America downgrades its rating on Portland General Electric Company (NYSE:POR).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 2, 2016.
Portland General Electric Company has lost 2.09% in the last five trading days and dropped 5.67% in the last 4 weeks. Portland General Electric Company is up 1.81% in the last 3-month period. Year-to-Date the stock performance stands at 16.67%.
Portland General Electric Company (NYSE:POR): The stock opened at $42.11 on Tuesday but the bulls could not build on the opening and the stock topped out at $42.44 for the day. The stock traded down to $41.74 during the day, due to lack of any buying support eventually closed down at $41.79 with a loss of -1.02% for the day. The stock had closed at $42.22 on the previous day. The total traded volume was 463,521 shares.
In a related news,The (Sr. Vice President) of Portland General Electric Co /Or/, Pope Maria M sold 13,500 shares at $41.6 on May 9, 2016. The Insider selling transaction had a total value worth of $561,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Portland General Electric Company (PGE) is a vertically integrated electric utility company engaged in the generation, wholesale purchase, transmission, distribution and retail sale of electricity in the state of Oregon. The Company also sells electricity and natural gas in the wholesale market to utilities, brokers and power marketers. The Companys resources consist of six thermal plants, which include natural gas- and coal-fired turbines, two wind farms and seven hydroelectric plants. The Company has a resource capacity of approximately 1,389 megawatts (MW) of natural gas, 814 MW of coal, 717 MW of wind and 494 MW of hydro. The Company has contractual rights for transmission lines that deliver electricity from its generation facilities to its distribution system in its service territory and to the Western Interconnection. The Company has four natural gas-fired generating facilities: Port Westward Unit 1, Port Westward Unit 2, Beaver and Coyote Springs Unit 1 (Coyote Springs).