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Portland Gen Elec (NYSE:POR) has been downgraded from Neutral to Underperform in a statement by BofA Merrill earlier today.

Having a price of $42.24, Portland Gen Elec (NYSE:POR) traded 1.58% higher on the day. With the last close down 0.08% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. The company has recorded a 50-day moving average of $41.94 and a 200-day moving average of $42.49. 133,553 shares of POR traded hands, down from an average trading volume of 555,503

BofA Merrill has downgraded Portland Gen Elec (NYSE:POR) from Neutral to Underperform in a statement released on 11/22/2016.

Recent Performance Chart

Portland Gen Elec (NYSE:POR)

Portland Gen Elec has 52 week low of $35.04 and a 52 week high of $45.21 with a PE ratio of 20.68 and has a market capitalization of $0.

In addition to BofA Merrill reporting its stock price target, a total of 11 brokers have issued a research note on the company. The average stock price target is $40.61 with 2 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 9 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Portland Gen Elec (NYSE:POR)

Portland General Electric Company (PGE) is an electric utility company. The Company is 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 Company has approximately four natural gas-fired generating facilities, which include PW1, PW2, Beaver and Coyote Springs Unit 1 (Coyote Springs). PGE owns and operates over two wind farms, including Biglow Canyon Wind Farm (Biglow Canyon) and Tucannon River. Biglow Canyon, which is located in Sherman County, Oregon, is its renewable energy resource consisting of approximately 220 wind turbines with a total nameplate capacity of over 450 megawatts (MW). Its Tucannon River is located in southeastern Washington and consists of approximately 120 wind turbines with a total nameplate capacity of over 270 MW.

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