Portland General Electric Company (POR) Shares are Up 2.35%

Portland General Electric Company (POR) : Traders are bullish on Portland General Electric Company (POR) as it has outperformed the S&P 500 by a wide margin of 3.17% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.81%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.35% in the last 1 week, and is up 1.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.19% and the 50-Day Moving Average is 0.37%.The 200 Day SMA reached 7.91% Portland General Electric Company is up 2.19% in the last 3-month period. Year-to-Date the stock performance stands at 20.16%.


Portland General Electric Company (POR) : 5 investment research analysts covering Portland General Electric Company (POR) have an average price target of $43.2 for the near short term. The highest target price given by the Brokerage Firm to the stock is $46 and the lowest target is $41 for the short term. Analysts expect the variance to be within $2.17 of the average price.

Company shares have received an average consensus rating of Hold for the current week Portland General Electric Company (NYSE:POR): The stock opened at $42.48 and touched an intraday high of $43.06 on Friday. During the day, the stock corrected to an intraday low of $42.18, however, the bulls stepped in and pushed the price higher to close in the green at $43.04 with a gain of 1.39% for the day. The total traded volume for the day was 1,066,833. The stock had closed at $43.04 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).

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