Portland General Electric Co /or/ (POR) Files Form 4 Insider Selling : Maria M Pope Sells 13,500 Shares

Portland General Electric Co /or/ (POR): Maria M Pope , Sr. Vice President of Portland General Electric Co /or/ sold 13,500 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $41.60 per share for a total value of $561,600.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 3, 2015, William O Nicholson (Sr. Vice President) sold 5,700 shares at $36.69 per share price.On Sep 3, 2015, James F Lobdell (Sr. Vice President, CFO) sold 8,955 shares at $33.47 per share price.Also, On Sep 3, 2015, William David Robertson (Vice President) sold 2,226 shares at $33.69 per share price.On May 19, 2015, Maria M Pope (Sr. Vice President) sold 8,451 shares at $35.01 per share price.

Shares of Portland General Electric Company (POR) ended Friday, May 6, 2016 session in red amid volatile trading. The shares closed down -0.3 points or -0.72% at $41.18 with 6,74,747 shares getting traded. Post opening the session at $41.43, the shares hit an intraday low of $40.74 and an intraday high of $41.43 and the price vacillated in this range throughout the day. The company has a market cap of $3,661 M and the number of outstanding shares has been calculated to be 8,89,00,756 shares. The 52-week high of Portland General Electric Company is $41.76 and the 52-week low is $33.04.

Portland General Electric Company Money Flow Index Chart

Company has been under the radar of several Street Analysts.Portland General Electric Company is Downgraded by Wellington Shields to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 4, 2016.Portland General Electric Company is Downgraded by KeyBanc Capital Mkts to Sector Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Feb 16, 2016.

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 Company’s 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 1389 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).

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