News headlines about Portland General Electric (NYSE:POR) have been trending positive recently, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Portland General Electric earned a news sentiment score of 0.25 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 44.1388576879738 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- KeyCorp Weighs in on Portland General Electric’s Q1 2018 Earnings (POR) (americanbankingnews.com)
- Portland General Electric (POR) Scheduled to Post Earnings on Friday (americanbankingnews.com)
- PBOT places bet on ‘smart city’ tech to count bikes and make streets safer (bikeportland.org)
- SOLVE, PGE team up for Earth Day clean up (koin.com)
- Portland Utility Proposes ‘Green Tariff” for Large Customers to Purchase Renewable Energy Straight from the Source (energymanagertoday.com)
Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Guggenheim reiterated a “hold” rating and issued a $48.00 target price on shares of Portland General Electric in a report on Wednesday, January 3rd. JPMorgan Chase decreased their target price on shares of Portland General Electric from $48.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, January 25th. UBS assumed coverage on shares of Portland General Electric in a report on Friday, February 2nd. They issued a “sell” rating and a $40.00 target price on the stock. Finally, Bank of America lowered shares of Portland General Electric from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $41.00 to $39.00 in a report on Tuesday, March 6th. Five analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.61.
Shares of POR stock opened at $40.17 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.04 and a debt-to-equity ratio of 1.00. Portland General Electric has a one year low of $39.02 and a one year high of $50.11. The company has a market capitalization of $3,602.90, a PE ratio of 17.66, a P/E/G ratio of 6.30 and a beta of 0.22.
Portland General Electric (NYSE:POR) last issued its quarterly earnings data on Friday, February 16th. The utilities provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. Portland General Electric had a net margin of 9.31% and a return on equity of 8.50%. The firm had revenue of $515.00 million for the quarter, compared to analyst estimates of $514.60 million. During the same period in the prior year, the business posted $0.68 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. equities analysts expect that Portland General Electric will post 2.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Monday, March 26th were issued a $0.34 dividend. The ex-dividend date was Friday, March 23rd. This represents a $1.36 annualized dividend and a dividend yield of 3.39%. Portland General Electric’s dividend payout ratio is currently 59.39%.
In other news, VP Bradley Young Jenkins sold 618 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.47, for a total value of $25,010.46. Following the transaction, the vice president now directly owns 896 shares in the company, valued at approximately $36,261.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company’s stock.
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Portland General Electric Company Profile
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 operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2017, it owned an electric transmission system consisting of 1,250 circuit miles, including 287 circuit miles of 500 kilovolt line, 402 circuit miles of 230 kilovolt line, and 561 miles of 115 kilovolt line.
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