Portland General Electric Company (NYSE:POR) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 5, 2016
Zacks Investment Research has downgraded Portland General Electric Company (NYSE:POR) to Sell in a statement released on Wednesday October 05, 2016.
Boasting a price of $40.82, Portland General Electric Company (NYSE:POR) traded 0.22% higher on the day. With the last close down -2.55% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Portland General Electric Company has recorded a 50-day average of $42.73 and a two hundred day average of $41.89. Volume of trade was down over the average, with 304,133 shares of POR changing hands under the typical 578,018
With a total market value of $0, Portland General Electric Company has price-earnings ratio of 19.67 with a one year low of $34.97 and a one year high of $45.21 .
A total of 11 analysts have released a research note on POR. Two analysts rating the company a strong buy, one analyst rating the company a buy, nine analysts rating the company a hold, two analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $40.61.
More About Portland General Electric Company (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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