Portland General Electric (NYSE:POR – Free Report) had its target price lowered by Barclays from $48.00 to $42.00 in a research report released on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the utilities provider’s stock.
A number of other brokerages also recently commented on POR. JPMorgan Chase & Co. upped their target price on Portland General Electric from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Bank of America lowered their price objective on Portland General Electric from $46.00 to $43.00 and set an “underperform” rating on the stock in a research report on Tuesday, December 24th. KeyCorp dropped their price objective on shares of Portland General Electric from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. Finally, UBS Group reiterated a “neutral” rating and issued a $47.00 target price (down from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Portland General Electric has a consensus rating of “Hold” and a consensus target price of $47.38.
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Portland General Electric Price Performance
Institutional Investors Weigh In On Portland General Electric
A number of institutional investors have recently added to or reduced their stakes in POR. Allworth Financial LP lifted its holdings in Portland General Electric by 74.4% during the third quarter. Allworth Financial LP now owns 621 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 265 shares in the last quarter. First Pacific Financial raised its position in shares of Portland General Electric by 2.9% during the 3rd quarter. First Pacific Financial now owns 12,331 shares of the utilities provider’s stock worth $591,000 after purchasing an additional 347 shares during the last quarter. Choreo LLC boosted its holdings in Portland General Electric by 1.4% in the 4th quarter. Choreo LLC now owns 26,511 shares of the utilities provider’s stock worth $1,166,000 after buying an additional 371 shares during the last quarter. Versant Capital Management Inc increased its stake in Portland General Electric by 151.0% during the 4th quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider’s stock worth $33,000 after buying an additional 450 shares in the last quarter. Finally, Townsquare Capital LLC increased its stake in Portland General Electric by 6.4% during the 3rd quarter. Townsquare Capital LLC now owns 7,607 shares of the utilities provider’s stock worth $364,000 after buying an additional 458 shares in the last quarter.
Portland General Electric Company Profile
Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, three wind farms, and seven hydroelectric facilities. As of December 31, 2023, the company owned an electric transmission system consisting of 1,254 circuit miles, including 287 circuit miles of 500 kilovolt line, 413 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line; and served 934 thousand retail customers in 51 cities.
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