New insider activity at Portland GE ( (POR) ) has taken place on February 15, 2025.
Maria Angelica Espinosa, the Senior Vice President and Chief Legal & Compliance officer, recently made a notable move by selling 4,942 shares of Portland GE stock. This transaction amounted to a total value of $206,932, showcasing a significant financial decision.
Recent Updates on POR stock
Portland General Electric (POR) experienced several price target reductions from analysts like Jefferies, Barclays, and Guggenheim due to broader market conditions affecting the utilities sector. Jefferies cited significant selloffs in power, utility, and tech stocks as a reason for the reduced target, while Barclays noted an upward bias to demand growth but adjusted their target amidst valuations that are “not demanding.” Guggenheim’s adjustment reflects a cautious approach in the current market environment. Portland GE’s recent announcement of their 2024 financial results, investments in clean energy, and focus on grid resiliency were positive, but market conditions and regulatory challenges have influenced analyst sentiment.
More about Portland GE
YTD Price Performance: -2.52%
Average Trading Volume: 1,081,221
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.44B