Portland General Electric Co with ticker code (POR) now have 10 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 60 and 49 with a mean TP of 53.3. Given that the stocks previous close was at 49.91 this indicates there is a potential upside of 6.8%. There is a 50 day moving average of 52.04 and the 200 moving average now moves to 51.34. The company has a market capitalisation of $4,380m. You can visit the company’s website by visiting: https://www.portlandgeneral.com
The potential market cap would be $4,678m based on the market concensus.
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, 2021, the company owned an electric transmission system consisting of 1,274 circuit miles, including 287 circuit miles of 500 kilovolt line, 415 circuit miles of 230 kilovolt line, and 572 miles of 115 kilovolt line. It has 28,206 circuit miles of distribution lines. The company also purchases and sells wholesale natural gas in the United States and Canada. It serves approximately 917 thousand residential, commercial, and industrial customers in 51 cities. The company was founded in 1889 and is headquartered in Portland, Oregon.
