Portland General Electric Company (NYSE:POR) has risen sharply, recording gains of 3.96% in the past 4 weeks. However, the stock has corrected -0.09% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.31% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 28.80% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $45.21 and the one year low was seen on Jul 24, 2015. The 50-Day Moving Average price is $42.29 and the 200 Day Moving Average price is recorded at $39.61.
The stock has recorded a 20-day Moving Average of 3.51% and the 50-Day Moving Average is 6.96%.
Portland General Electric Company (NYSE:POR): stock turned positive on Friday. Though the stock opened at $43.85, the bulls momentum made the stock top out at $44.42 level for the day. The stock recorded a low of $43.58 and closed the trading day at $44.36, in the green by 1.00%. The total traded volume for the day was 915,764. The stock had closed at $43.92 in the previous days trading.
In an insider trading activity, The (Sr. Vice President), of Portland General Electric Co /Or/, Pope Maria M had unloaded 13,500 shares at $41.6 per share in a transaction on May 9, 2016. The total value of transaction was $561,600. The Insider information was revealed by 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).