Somewhat Positive News Coverage Somewhat Unlikely to Impact Portland General Electric (NYSE:POR) Stock Price

News articles about Portland General Electric (NYSE:POR) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. 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 0.21 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 44.3575192412081 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

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

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Portland General Electric stock opened at $40.59 on Thursday. Portland General Electric has a twelve month low of $39.02 and a twelve month high of $50.11. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.04 and a current ratio of 1.22. The stock has a market capitalization of $3,626.96, a PE ratio of 17.72, a price-to-earnings-growth ratio of 6.35 and a beta of 0.22.

Portland General Electric (NYSE:POR) last posted its earnings results on Friday, February 16th. The utilities provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $514.60 million. During the same period in the previous year, the firm posted $0.68 EPS. The business’s quarterly revenue was down 1.7% on a year-over-year basis. equities analysts forecast that Portland General Electric will post 2.19 earnings per share for the current fiscal year.

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.35%. Portland General Electric’s dividend payout ratio (DPR) is presently 59.39%.

A number of analysts have issued reports on POR shares. Zacks Investment Research upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. JPMorgan Chase reduced their price target on shares of Portland General Electric from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, March 27th. Bank of America downgraded shares of Portland General Electric from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $41.00 to $39.00 in a report on Tuesday, March 6th. Mizuho started coverage on shares of Portland General Electric in a report on Wednesday, February 14th. They issued a “buy” rating and a $43.50 price target on the stock. Finally, Guggenheim reiterated a “hold” rating and issued a $40.00 price target on shares of Portland General Electric in a report on Friday, February 23rd. Five equities research 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. Portland General Electric presently has an average rating of “Hold” and a consensus target price of $42.61.

In other news, VP Bradley Young Jenkins sold 618 shares of the business’s 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 sale, the vice president now directly owns 896 shares in the company, valued at approximately $36,261.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.

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

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