Portland General Electric Co. (NYSE:POR) shares were down 1.5% on Monday . The company traded as low as $42.49 and last traded at $42.50, with a volume of 585,713 shares changing hands. The stock had previously closed at $43.15.

A number of research analysts recently commented on the stock. Deutsche Bank AG reaffirmed a “hold” rating on shares of Portland General Electric in a report on Monday, April 18th. Zacks Investment Research upgraded shares of 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 price objective on shares of Portland General Electric in a research note on Tuesday, May 24th. Goldman Sachs Group Inc. downgraded shares of Portland General Electric from a “neutral” rating to a “sell” rating and dropped their target price for the company from $39.00 to $38.00 in a report on Monday, June 6th. Finally, Williams Capital raised their target price on shares of Portland General Electric from $41.00 to $45.00 and gave the company a “hold” rating in a report on Friday, August 5th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $41.21.

The company has a 50 day moving average price of $43.78 and a 200 day moving average price of $40.90. The stock has a market capitalization of $3.78 billion and a price-to-earnings ratio of 20.48.

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.43 by $0.01. The firm had revenue of $428 million for the quarter, compared to analyst estimates of $439.08 million. The business’s revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 EPS. Analysts predict that Portland General Electric Co. will post $2.12 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, September 26th will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, September 22nd. This represents a $1.28 annualized dividend and a dividend yield of 3.01%.

Other large investors recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in 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 last quarter. Principal Financial Group Inc. increased its stake in Portland General Electric by 201.6% in the fourth quarter. Principal Financial Group Inc. now owns 608,722 shares of the company’s stock valued at $22,139,000 after buying an additional 406,891 shares during the last quarter. Jennison Associates LLC increased its stake in Portland General Electric by 29.7% in the fourth quarter. Jennison Associates LLC now owns 3,611,014 shares of the company’s stock valued at $131,333,000 after buying an additional 826,236 shares during the last quarter. Opus Investment Management Inc. increased its stake in Portland General Electric by 13.8% in the fourth quarter. Opus Investment Management Inc. now owns 123,600 shares of the company’s stock valued at $4,495,000 after buying an additional 15,000 shares during the last quarter. Finally, Foresters Investment Management Company Inc. increased its stake in 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 last quarter.

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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