November 30, 2016 - By Pete Kolinski · 0 Comments
Portland General Electric Co (NYSE:POR) institutional sentiment decreased to 0.72 in Q2 2016. Its down -0.11, from 0.83 in 2016Q1. The ratio has dropped, as 99 funds increased or opened new stock positions, while 119 cut down and sold their stakes in Portland General Electric Co. The funds in our partner’s database now possess: 81.31 million shares, down from 88.51 million shares in 2016Q1. Also, the number of funds holding Portland General Electric Co in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 23 Reduced: 96 Increased: 77 New Position: 22.
Portland General Electric Company is an electric utility company. The company has a market cap of $3.76 billion. The Firm is engaged in the generation, wholesale purchase, transmission, distribution and retail sale of electricity in the state of Oregon. It has a 20.69 P/E ratio. The Firm also sells electricity and natural gas in the wholesale market to utilities, brokers and power marketers.
About 33,487 shares traded hands. Portland General Electric Company (NYSE:POR) has risen 11.18% since April 27, 2016 and is uptrending. It has outperformed by 5.96% the S&P500.
Analysts await Portland General Electric Company (NYSE:POR) to report earnings on February, 10. They expect $0.63 EPS, up 10.53% or $0.06 from last year’s $0.57 per share. POR’s profit will be $55.72M for 16.87 P/E if the $0.63 EPS becomes a reality. After $0.38 actual EPS reported by Portland General Electric Company for the previous quarter, Wall Street now forecasts 65.79% EPS growth.
According to Zacks Investment Research, “Portland General Electric, headquartered in Portland, Ore., is a vertically integrated electric utility that serves residential, commercial and industrial customers in Oregon. The company has more than a century of experience in power delivery. PGE generates power from a diverse mix of resources, including hydropower, coal and natural gas. PGE also participates in the wholesale market by purchasing and selling electricity and natural gas to utilities and energy marketers.”
Lombardia Capital Partners Llc holds 2.11% of its portfolio in Portland General Electric Company for 728,565 shares. Irving Magee Investment Management owns 95,312 shares or 2.05% of their US portfolio. Moreover, Huff W R Asset Management Co Llc De has 1.76% invested in the company for 47,764 shares. The Illinois-based Banced Corp has invested 1.59% in the stock. West Coast Financial Llc, a California-based fund reported 78,657 shares.#img1#
Ratings analysis reveals 0 of Portland General Electric’s analysts are positive. Out of 5 Wall Street analysts rating Portland General Electric, 0 give it “Buy”, 4 “Sell” rating, while 1 recommend “Hold”. The lowest target is $36 while the high is $45. The stock’s average target of $40 is -5.93% below today’s ($42.52) share price. POR was included in 8 notes of analysts from July 28, 2015. The rating was downgraded by Goldman Sachs to “Sell” on Monday, June 6. The company was downgraded on Monday, January 4 by Barclays Capital. The stock has “Sell” rating given by Zacks on Wednesday, August 5. The firm has “Underperform” rating given on Tuesday, November 22 by Bank of America. Bank of America downgraded the stock to “Neutral” rating in Tuesday, August 2 report. Goldman Sachs downgraded it to “Neutral” rating and $36 target price in Tuesday, July 28 report. The firm earned “Hold” rating on Friday, August 5 by Williams Capital Group. On Wednesday, October 28 the stock rating was downgraded by JP Morgan to “Underweight”.
Portland General Electric Company (PGE), incorporated on July 25, 1930, is an electric utility company. The Firm is engaged in the generation, wholesale purchase, transmission, distribution and retail sale of electricity in the state of Oregon. The Firm also sells electricity and natural gas in the wholesale market to utilities, brokers and power marketers. PGE’s service area allocation of approximately 4,000 square miles is located within Oregon and includes over 50 incorporated cities. The Firm has approximately four natural gas-fired generating facilities, which include PW1, PW2, Beaver and Coyote Springs Unit 1 (Coyote Springs). PGE owns and operates over two wind farms, including Biglow Canyon Wind Farm (Biglow Canyon) and Tucannon River. Biglow Canyon, which is located in Sherman County, Oregon, is its renewable energy resource consisting of approximately 220 wind turbines with a total nameplate capacity of over 450 megawatts (MW). The Company’s Tucannon River is located in southeastern Washington and consists of approximately 120 wind turbines with a total nameplate capacity of over 270 MW.
More recent Portland General Electric Company (NYSE:POR) news were published by: Oregonlive.com which released: “Portland General Electric unveils energy plan, including Boardman replacement …” on November 16, 2016. Also Seekingalpha.com published the news titled: “Portland General Electric’s (POR) CEO Jim Piro on Q3 2016 Results – Earnings …” on October 28, 2016. Seekingalpha.com‘s news article titled: “Portland General Electric’s (POR) CEO Jim Piro on Q2 2016 Results – Earnings …” with publication date: August 03, 2016 was also an interesting one.
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By Pete Kolinski