Portland General Electric (NYSE:POR) Earning Somewhat Critical News Coverage, Report Finds
Media stories about Portland General Electric (NYSE:POR) have been trending somewhat negative this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Portland General Electric earned a daily sentiment score of -0.01 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 47.5814696348415 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- TECO Energy (TE) versus Portland General Electric (POR) Head to Head Contrast (americanbankingnews.com)
- Factors to Note Before Buying General Electric Company (GE) (ismboard.com)
- Portland General Electric Co (POR) Ownership Down in Latest Report from Alliancebernstein L.P. (highlightpress.com)
- Portland General Electric Co. breached its 50 day moving average in a Bullish Manner : POR-US : August 9, 2017 (finance.yahoo.com)
- Aperio Group LLC Increases Position in Portland General Electric Company (NYSE:POR) (lazeresportes.com)
POR has been the subject of several analyst reports. Zacks Investment Research cut shares of Portland General Electric from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. Williams Capital cut shares of Portland General Electric from a “hold” rating to a “sell” rating and dropped their target price for the company from $44.00 to $41.00 in a report on Monday, July 24th. UBS AG cut shares of Portland General Electric from a “buy” rating to a “neutral” rating in a report on Tuesday, May 2nd. BidaskClub cut shares of Portland General Electric from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, Barclays PLC reaffirmed an “underweight” rating and issued a $44.00 target price (up from $41.00) on shares of Portland General Electric in a report on Sunday, April 23rd. Five analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Portland General Electric presently has an average rating of “Sell” and an average price target of $42.00.
Portland General Electric (NYSE POR) opened at 45.90 on Friday. The stock has a market capitalization of $4.09 billion, a PE ratio of 20.49 and a beta of 0.29. Portland General Electric has a one year low of $40.28 and a one year high of $48.06. The firm has a 50-day moving average of $45.37 and a 200-day moving average of $45.24.
Portland General Electric (NYSE:POR) last issued its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by $0.08. The company had revenue of $449 million during the quarter, compared to analyst estimates of $465.70 million. Portland General Electric had a return on equity of 8.48% and a net margin of 10.06%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. On average, equities research analysts forecast that Portland General Electric will post $2.22 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, September 25th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Friday, September 22nd. Portland General Electric’s dividend payout ratio is currently 60.71%.
In related news, insider William O. Nicholson sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $45.10, for a total value of $270,600.00. Following the sale, the insider now directly owns 16,313 shares in the company, valued at approximately $735,716.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Campbell A. Henderson sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $45.01, for a total transaction of $135,030.00. Following the completion of the sale, the vice president now owns 20,424 shares in the company, valued at $919,284.24. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.
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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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