Portland General Electric VP Arleen Barnett Unloads 2,200 Shares (POR)
Portland General Electric (NYSE:POR) VP Arleen Barnett unloaded 2,200 shares of the company’s stock on the open market in a transaction dated Friday, September 13th. The stock was sold at an average price of $27.80, for a total value of $61,160.00. Following the completion of the transaction, the vice president now directly owns 12,137 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Portland General Electric (NYSE:POR) in a research note to investors on Monday. They now have a $32.00 price target on the stock. Separately, analysts at Ladenburg Thalmann cut their price target on shares of Portland General Electric (NYSE:POR) from $34.00 to $32.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at KeyCorp upgraded shares of Portland General Electric (NYSE:POR) from a “hold” rating to a “buy” rating in a research note to investors on Thursday, September 12th. They now have a $31.00 price target on the stock.
Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Portland General Electric has a consensus rating of “Hold” and a consensus target price of $32.00.
Portland General Electric (NYSE:POR) traded up 0.18% during mid-day trading on Tuesday, hitting $28.26. 901,271 shares of the company’s stock traded hands. Portland General Electric has a 52 week low of $24.86 and a 52 week high of $33.26. The stock has a 50-day moving average of $29.27 and a 200-day moving average of $30.53. The company has a market cap of $2.186 billion and a P/E ratio of 22.95.
Portland General Electric (NYSE:POR) last issued its quarterly earnings data on Friday, August 2nd. The company reported ($0.29) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.35 by $0.64. The company had revenue of $403.00 million for the quarter, compared to the consensus estimate of $357.47 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. Analysts expect that Portland General Electric will post $1.40 EPS for the current fiscal year.
Portland General Electric Company (NYSE:POR) is a vertically integrated electric utility engaged in the generation, purchase, transmission, distribution and retail sale of electricity in the state of Oregon.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.