Portland GE (POR) Receives a Sell from Barclays

By Ryan Adsit

Barclays analyst Eric Beaumont maintained a Sell rating on Portland GE (PORResearch Report) today and set a price target of $42.00. The company’s shares closed last Monday at $47.28.

According to TipRanks.com, Beaumont is a 3-star analyst with an average return of 1.0% and a 47.5% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Public Service Enterprise, and American Electric Power.

Currently, the analyst consensus on Portland GE is a Hold with an average price target of $53.75.

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Based on Portland GE’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $548 million and net profit of $61 million. In comparison, last year the company earned revenue of $524 million and had a net profit of $49 million.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of POR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Portland General Electric Co. is a vertically integrated electric utility company, which engages in the generation, purchase, transmission, distribution, and retail of electricity. The firm sells electricity and natural gas in the wholesale market to utilities, brokers, and power marketers. It also serves residential, commercial, and non-residential customers. The company was founded in 1888 and is headquartered in Portland, OR.