Portland General Electric (NYSE:POR) Receiving Somewhat Positive News Coverage, Study Shows

News headlines about Portland General Electric (NYSE:POR) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Portland General Electric earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media headlines about the utilities provider an impact score of 43.9414312748206 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have effected Accern’s rankings:

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Shares of POR stock traded up $0.48 during trading hours on Monday, reaching $40.70. The stock had a trading volume of 754,413 shares, compared to its average volume of 803,165. The company has a quick ratio of 1.04, a current ratio of 1.22 and a debt-to-equity ratio of 1.00. Portland General Electric has a twelve month low of $39.02 and a twelve month high of $50.11. The stock has a market cap of $3,584.19, a PE ratio of 17.77, a price-to-earnings-growth ratio of 6.27 and a beta of 0.22.

Portland General Electric (NYSE:POR) last released its quarterly earnings data on Friday, February 16th. The utilities provider reported $0.67 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $515.00 million for the quarter, compared to analysts’ expectations of $514.60 million. During the same quarter last year, the company earned $0.68 EPS. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. equities analysts forecast that Portland General Electric will post 2.19 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, March 26th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Friday, March 23rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.34%. Portland General Electric’s dividend payout ratio (DPR) is presently 59.39%.

A number of analysts have weighed in on the stock. Mizuho assumed coverage on shares of Portland General Electric in a report on Wednesday, February 14th. They set a “buy” rating and a $43.50 target price on the stock. Wells Fargo set a $42.00 target price on shares of Portland General Electric and gave the stock a “hold” rating in a report on Tuesday, February 13th. Zacks Investment Research raised shares of Portland General Electric from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Guggenheim reissued a “hold” rating and set a $40.00 target price on shares of Portland General Electric in a report on Friday, February 23rd. Finally, Bank of America dropped their target price on shares of Portland General Electric from $43.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, February 20th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $42.61.

In related news, VP Bradley Young Jenkins sold 618 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $40.47, for a total value of $25,010.46. Following the completion of the transaction, the vice president now owns 896 shares in the company, valued at approximately $36,261.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.62% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Portland General Electric (NYSE:POR)

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