Analysts See $0.65 EPS for Portland General Electric Company (POR); New Mexico Educational Retirement Board Decreased Its Bank Of America (BAC) Position

February 15, 2018 - By David King

Analysts expect Portland General Electric Company (NYSE:POR) to report $0.65 EPS on February, 16.They anticipate $0.03 EPS change or 4.41% from last quarter’s $0.68 EPS. POR’s profit would be $57.90M giving it 15.36 P/E if the $0.65 EPS is correct. After having $0.44 EPS previously, Portland General Electric Company’s analysts see 47.73% EPS growth. The stock decreased 1.21% or $0.49 during the last trading session, reaching $39.94. About 921,630 shares traded or 27.47% up from the average. Portland General Electric Company (NYSE:POR) has risen 12.10% since February 15, 2017 and is uptrending. It has underperformed by 4.60% the S&P500.

New Mexico Educational Retirement Board decreased Bank Of America Corp (BAC) stake by 2.37% reported in 2017Q3 SEC filing. New Mexico Educational Retirement Board sold 21,900 shares as Bank Of America Corp (BAC)’s stock declined 6.00%. The New Mexico Educational Retirement Board holds 903,154 shares with $22.89 million value, down from 925,054 last quarter. Bank Of America Corp now has $329.19B valuation. The stock increased 2.63% or $0.82 during the last trading session, reaching $32. About 97.25 million shares traded or 26.37% up from the average. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 15, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

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. The company has market cap of $3.56 billion. The firm operates seven thermal plants; seven hydroelectric plants; and two wind farms. It has a 17.44 P/E ratio. As of December 31, 2016, it owned an electric transmission system consisting of 1,248 circuit miles, including 287 circuit miles of 500 kilovolt line, 402 circuit miles of 230 kilovolt line, and 551 miles of 115 kilovolt line.

Investors sentiment decreased to 1.18 in 2017 Q3. Its down 0.20, from 1.38 in 2017Q2. It dived, as 19 investors sold Portland General Electric Company shares while 78 reduced holdings. 32 funds opened positions while 82 raised stakes. 81.79 million shares or 0.68% less from 82.35 million shares in 2017Q2 were reported. Smithfield Trust accumulated 5,227 shares. Boston Limited Liability Com holds 0.15% or 142,424 shares. Mackenzie Fincl Corporation accumulated 219,707 shares. Numeric Investors Lc holds 0.11% of its portfolio in Portland General Electric Company (NYSE:POR) for 311,800 shares. Northern owns 1.92 million shares. Mutual Of America Capital Ltd holds 93,461 shares. Heartland Advsr stated it has 0.57% in Portland General Electric Company (NYSE:POR). Blackrock Inc reported 0.02% in Portland General Electric Company (NYSE:POR). Texas Yale Corp invested 0.04% in Portland General Electric Company (NYSE:POR). Invesco Ltd accumulated 715,161 shares or 0.01% of the stock. Sg Americas Limited Liability Com owns 51,550 shares. California State Teachers Retirement System holds 0.01% of its portfolio in Portland General Electric Company (NYSE:POR) for 143,368 shares. Ameritas Investment Partners stated it has 7,856 shares or 0.02% of all its holdings. Wells Fargo Mn owns 0.01% invested in Portland General Electric Company (NYSE:POR) for 637,091 shares. Monarch Ptnrs Asset Ltd Liability Com holds 1.46% in Portland General Electric Company (NYSE:POR) or 332,541 shares.

Among 10 analysts covering Portland General Electric (NYSE:POR), 1 have Buy rating, 5 Sell and 4 Hold. Therefore 10% are positive. Portland General Electric has $48.0 highest and $36 lowest target. $42.50’s average target is 6.41% above currents $39.94 stock price. Portland General Electric had 18 analyst reports since July 28, 2015 according to SRatingsIntel. JP Morgan maintained the shares of POR in report on Thursday, January 25 with “Neutral” rating. The firm has “Buy” rating given on Tuesday, September 19 by Ladenburg. Goldman Sachs downgraded it to “Neutral” rating and $36 target in Tuesday, July 28 report. The rating was downgraded by Bank of America on Tuesday, November 22 to “Underperform”. The rating was downgraded by Goldman Sachs to “Sell” on Monday, June 6. The stock has “Neutral” rating by JP Morgan on Monday, October 30. Guggenheim maintained the shares of POR in report on Tuesday, January 2 with “Hold” rating. The stock of Portland General Electric Company (NYSE:POR) earned “Hold” rating by Wells Fargo on Tuesday, February 13. The stock of Portland General Electric Company (NYSE:POR) earned “Neutral” rating by Bank of America on Tuesday, August 2. JP Morgan upgraded the shares of POR in report on Friday, December 16 to “Neutral” rating.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.