Portland General Electric (NYSE:POR) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 1,463,124 shares, a growth of 86.6% from the January 12th total of 784,250 shares. Based on an average daily volume of 754,357 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.7% of the company’s shares are sold short.
Portland General Electric (NYSE:POR) opened at $40.43 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. Portland General Electric has a fifty-two week low of $39.40 and a fifty-two week high of $50.11. The company has a market cap of $3,600.00, a P/E ratio of 17.50, a PEG ratio of 4.97 and a beta of 0.19.
Several research firms have weighed in on POR. Wells Fargo & Co set a $42.00 target price on shares of Portland General Electric and gave the company a “hold” rating in a report on Tuesday. UBS Group began coverage on shares of Portland General Electric in a report on Friday, February 2nd. They issued a “sell” rating and a $40.00 target price on the stock. JPMorgan Chase & Co. decreased their target price on shares of Portland General Electric from $48.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, January 25th. Zacks Investment Research lowered shares of Portland General Electric from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Finally, Guggenheim reiterated a “hold” rating and issued a $48.00 target price on shares of Portland General Electric in a report on Wednesday, January 3rd. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Portland General Electric presently has a consensus rating of “Hold” and an average target price of $44.25.
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About Portland General Electric
Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. Its service area allocation of approximately 4,000 square miles is located entirely within Oregon and includes approximately 51 incorporated cities, of which Portland and Salem.
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