Portland General Electric Company (POR) : 8 analysts are covering Portland General Electric Company (POR) and their average rating on the stock is 2.75, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Portland General Electric Company (POR) : The most positive equity analysts on Portland General Electric Company (POR) expects the shares to touch $46, whereas, the least positive believes that the stock will trade at $41 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $43.8 with an expected fluctuation of $2.17 from the mean.
Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Bank of America downgrades its ratings on Portland General Electric Company (NYSE:POR). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 2, 2016.
Portland General Electric Company (NYSE:POR): The stock opened at $43.31 and touched an intraday high of $43.74 on Wednesday. During the day, the stock corrected to an intraday low of $43, however, the bulls stepped in and pushed the price higher to close in the green at $43.63 with a gain of 0.69% for the day. The total traded volume for the day was 589,728. The stock had closed at $43.33 in the previous trading session.
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).