Portland General Electric Co. (NYSE:POR) was down 0.8% during mid-day trading on Monday . The company traded as low as $43.56 and last traded at $44.00, with a volume of 565,477 shares trading hands. The stock had previously closed at $44.36.

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

The company has a 50-day moving average of $42.40 and a 200 day moving average of $39.69. The stock has a market capitalization of $3.92 billion and a P/E ratio of 21.02.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Monday, June 27th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.91%. 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 the firm’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $41.60, for a total value of $561,600.00. Following the completion of the transaction, the vice president now owns 13,585 shares in the company, valued at approximately $565,136. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Other large investors have recently modified their holdings of the company. 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 valued at $1,302,000 after buying an additional 370 shares during the period. Foresters Investment Management Company Inc. increased its stake in shares of Portland General Electric by 0.6% in the fourth quarter. Foresters Investment Management Company Inc. now owns 362,000 shares of the company’s stock valued at $13,166,000 after buying an additional 2,000 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 valued at $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 valued at $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 valued at $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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