Wed Sep 25 03:18:56 UTC 2024: ## Portland General Electric’s Stock Rating Upgraded, Insider Sales Continue

**Portland, OR** – Portland General Electric (NYSE: POR) has seen its stock rating upgraded by StockNews.com from “sell” to “hold”. The move comes amidst a mixed bag of analyst sentiment, with other firms like KeyCorp issuing an “overweight” rating while Barclays downgraded to “equal weight”.

The current consensus rating for POR is “hold”, with an average target price of $45.88. This reflects the general uncertainty surrounding the company’s future performance.

Portland General Electric’s recent quarterly earnings beat analysts’ expectations, reporting $0.69 earnings per share (EPS) against an estimated $0.62. Revenue also came in higher than anticipated at $758 million.

Despite the positive earnings report, insider selling continues to raise eyebrows. SVP Maria Angelica Espinosa sold 2,500 shares on September 10th, and VP John Teeruk Kochavatr sold 1,100 shares on August 7th. Over the past 90 days, insiders have sold a total of 5,486 shares valued at $262,153.

Institutional investors have also been active in POR. Goldman Sachs Group Inc. increased its stake by 29.0% in the fourth quarter, while Norges Bank and Vaughan Nelson Investment Management L.P. acquired new positions.

Portland General Electric is an integrated electric utility company operating in Oregon, serving 934,000 retail customers. The company is focused on generating, transmitting, distributing, and retailing electricity, with a portfolio that includes thermal plants, wind farms, and hydroelectric facilities.

Investors should monitor the company’s performance and the implications of insider selling as they consider their investment decisions.

Read More