Portland General Electric (POR) Now Covered by Analysts at Mizuho

Investment analysts at Mizuho initiated coverage on shares of Portland General Electric (NYSE:POR) in a research report issued on Wednesday. The firm set a “buy” rating on the utilities provider’s stock.

POR has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Bank of America assumed coverage on shares of Portland General Electric in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 price objective for the company. UBS Group assumed coverage on shares of Portland General Electric in a research note on Friday, February 2nd. They issued a “sell” rating and a $40.00 price objective for the company. Guggenheim reiterated a “hold” rating and issued a $48.00 price objective on shares of Portland General Electric in a research note on Wednesday, January 3rd. Finally, Wells Fargo & Co set a $42.00 price target on shares of Portland General Electric and gave the company a “hold” rating in a report on Tuesday. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $44.25.

Portland General Electric (NYSE POR) traded down $0.49 during trading on Wednesday, reaching $39.94. 921,630 shares of the company were exchanged, compared to its average volume of 861,091. Portland General Electric has a fifty-two week low of $39.40 and a fifty-two week high of $50.11. The stock has a market cap of $3,606.46, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 4.97 and a beta of 0.18. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.81.

A number of large investors have recently made changes to their positions in POR. OxFORD Asset Management LLP boosted its holdings in Portland General Electric by 66.7% in the 2nd quarter. OxFORD Asset Management LLP now owns 11,754 shares of the utilities provider’s stock valued at $537,000 after purchasing an additional 4,704 shares during the period. Balyasny Asset Management LLC bought a new position in Portland General Electric in the 2nd quarter valued at $565,000. Cornerstone Capital Management Holdings LLC. bought a new position in Portland General Electric in the 2nd quarter valued at $141,000. State Street Corp boosted its holdings in Portland General Electric by 4.2% in the 2nd quarter. State Street Corp now owns 1,965,713 shares of the utilities provider’s stock valued at $89,810,000 after purchasing an additional 79,541 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Portland General Electric by 16.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,739 shares of the utilities provider’s stock valued at $445,000 after purchasing an additional 1,348 shares during the period. 89.80% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Portland General Electric (NYSE:POR)

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