Portland General Electric Co. (NYSE:POR) shares saw an uptick in trading volume on Wednesday . 671,367 shares were traded during mid-day trading, an increase of 21% from the previous session’s volume of 557,058 shares.The stock last traded at $44.60 and had previously closed at $45.04.

A number of brokerages have weighed in on POR. Goldman Sachs Group Inc. downgraded shares of Portland General Electric from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $39.00 to $38.00 in a research report on Monday, June 6th. Zacks Investment Research upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a research report on Friday, June 24th. Bank of America Corp. reiterated a “buy” rating and issued a $44.00 price objective on shares of Portland General Electric in a research report on Tuesday, May 24th. Finally, Deutsche Bank AG restated a “hold” rating on shares of Portland General Electric in a research report on Monday, April 18th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $39.79.

The stock’s 50 day moving average is $42.05 and its 200 day moving average is $39.51. The firm has a market capitalization of $3.97 billion and a P/E ratio of 21.30.

Portland General Electric (NYSE:POR) last announced its earnings results on Friday, April 29th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The business had revenue of $487 million for the quarter, compared to analyst estimates of $520.83 million. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. Equities analysts expect that Portland General Electric Co. will post $2.11 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Monday, June 27th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Thursday, June 23rd. This is a positive change from Portland General Electric’s previous quarterly dividend of $0.30.

In other news, VP Maria M. Pope sold 13,500 shares of Portland General Electric stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $41.60, for a total transaction of $561,600.00. Following the completion of the sale, the vice president now directly owns 13,585 shares in the company, valued at $565,136. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Several large investors have recently modified their holdings of POR. Whittier Trust Co. increased its stake in shares of Portland General Electric by 1.0% in the fourth quarter. Whittier Trust Co. now owns 35,805 shares of the company’s stock worth $1,302,000 after buying an additional 370 shares during the period. West Coast Financial LLC increased its stake in shares of Portland General Electric by 1.2% in the fourth quarter. West Coast Financial LLC now owns 76,897 shares of the company’s stock worth $2,797,000 after buying an additional 908 shares during the period. California State Teachers Retirement System increased its stake in shares of Portland General Electric by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 164,502 shares of the company’s stock worth $5,983,000 after buying an additional 2,615 shares during the period. Wells Fargo & Company MN increased its stake in shares of Portland General Electric by 1.0% in the fourth quarter. Wells Fargo & Company MN now owns 480,599 shares of the company’s stock worth $17,480,000 after buying an additional 4,541 shares during the period. Finally, Boston Partners increased its stake in shares of Portland General Electric by 3.8% in the fourth quarter. Boston Partners now owns 228,812 shares of the company’s stock worth $8,322,000 after buying an additional 8,412 shares during the period.

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.

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