Analysts Set Portland General Electric (POR) Price Target at $43.33
Shares of Portland General Electric (NYSE:POR) have earned an average recommendation of “Hold” from the eleven research firms that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $43.14.
Several research firms have issued reports on POR. Wells Fargo & Co set a $42.00 price objective on Portland General Electric and gave the stock a “hold” rating in a report on Tuesday. UBS Group began coverage on Portland General Electric in a report on Friday, February 2nd. They set a “sell” rating and a $40.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on 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 downgraded Portland General Electric from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Finally, Guggenheim restated a “hold” rating and set a $48.00 price objective on shares of Portland General Electric in a report on Wednesday, January 3rd.
Institutional investors and hedge funds have recently modified their holdings of the company. Cerebellum GP LLC acquired a new position in shares of Portland General Electric in the 4th quarter worth approximately $122,000. Cornerstone Capital Management Holdings LLC. acquired a new position in Portland General Electric during the 2nd quarter valued at approximately $141,000. Public Employees Retirement Association of Colorado acquired a new position in Portland General Electric during the 4th quarter valued at approximately $161,000. Mark Sheptoff Financial Planning LLC boosted its position in Portland General Electric by 121.2% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,650 shares of the utilities provider’s stock valued at $167,000 after purchasing an additional 2,000 shares during the period. Finally, Jane Street Group LLC acquired a new position in Portland General Electric during the 3rd quarter valued at approximately $201,000. Institutional investors own 89.80% of the company’s stock.
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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