Media headlines about Portland General Electric (NYSE:POR) have been trending positive on Sunday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Portland General Electric earned a news sentiment score of 0.34 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 26 out of 100, indicating that recent press coverage is unlikely to have an impact on the company’s share price in the next few days.
Portland General Electric (NYSE POR) traded up 1.64% during trading on Friday, hitting $46.35. 543,857 shares of the stock traded hands. The company’s 50 day moving average price is $46.30 and its 200 day moving average price is $45.04. The company has a market cap of $4.13 billion, a P/E ratio of 20.15 and a beta of 0.30. Portland General Electric has a 12 month low of $40.28 and a 12 month high of $48.06.
Portland General Electric (NYSE:POR) last posted its earnings results on Friday, April 28th. The utilities provider reported $0.82 earnings per share for the quarter, hitting the consensus estimate of $0.82. The firm had revenue of $530 million during the quarter, compared to analysts’ expectations of $521.97 million. Portland General Electric had a return on equity of 8.78% and a net margin of 10.43%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. On average, equities research analysts anticipate that Portland General Electric will post $2.25 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Monday, June 26th were paid a dividend of $0.34 per share. This is a boost from Portland General Electric’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, June 22nd. This represents a $1.36 annualized dividend and a yield of 2.93%. Portland General Electric’s payout ratio is presently 59.13%.
Several analysts have commented on POR shares. Zacks Investment Research lowered shares of Portland General Electric from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. Barclays PLC reissued an “underweight” rating and set a $44.00 price target (up from $41.00) on shares of Portland General Electric in a research report on Sunday, April 23rd. BidaskClub lowered shares of Portland General Electric from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, UBS AG lowered shares of Portland General Electric from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 2nd. Four equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Portland General Electric has an average rating of “Hold” and a consensus target price of $44.20.
In other Portland General Electric news, insider William O. Nicholson sold 6,000 shares of Portland General Electric stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $45.10, for a total transaction of $270,600.00. Following the transaction, the insider now owns 16,313 shares of the company’s stock, valued at $735,716.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Campbell A. Henderson sold 3,000 shares of Portland General Electric stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $45.01, for a total value of $135,030.00. Following the transaction, the vice president now directly owns 20,424 shares in the company, valued at approximately $919,284.24. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.
Portland General Electric Company Profile
Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. Its service area allocation of approximately 4,000 square miles is located entirely within Oregon and includes approximately 51 incorporated cities, of which Portland and Salem.
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