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Portland General Electric Company (NYSE:POR)’s share price hit a new 52-week high during mid-day trading on Friday , AR Network reports. The stock traded as high as $33.87 and last traded at $33.84, with a volume of 198,189 shares trading hands. The stock had previously closed at $33.53.

Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Portland General Electric Company from $34.00 to $36.00 in a research note on Wednesday, April 30th. They now have an “overweight” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Portland General Electric Company in a research note on Wednesday, April 23rd. They now have a $34.50 price target on the stock. Finally, analysts at Zacks downgraded shares of Portland General Electric Company from an “outperform” rating to a “neutral” rating in a research note on Friday, March 21st. They now have a $35.30 price target on the stock. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $33.37.

The stock has a 50-day moving average of $32.86 and a 200-day moving average of $31.22. The company has a market cap of $2.634 billion and a P/E ratio of 23.14.

Portland General Electric Company (NYSE:POR) last released its earnings data on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.75 by $0.02. The company had revenue of $493.00 million for the quarter, compared to the consensus estimate of $473.00 million. During the same quarter last year, the company posted $0.65 earnings per share. Portland General Electric Company’s revenue was up 4.2% compared to the same quarter last year. Analysts expect that Portland General Electric Company will post $2.12 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Wednesday, June 25th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Monday, June 23rd. This is a boost from Portland General Electric Company’s previous quarterly dividend of $0.28.

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.

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