Portland General Electric (NYSE:POR) Receiving Somewhat Critical Media Coverage, Report Finds
Press coverage about Portland General Electric (NYSE:POR) has trended somewhat negative recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Portland General Electric earned a media sentiment score of -0.04 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 47.6658627486762 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Critical Analysis: DTE Energy (DTE) and Portland General Electric (NYSE:POR) (americanbankingnews.com)
- FY2018 EPS Estimates for Portland General Electric Company Cut by Analyst (NYSE:POR) (americanbankingnews.com)
- Portland General Electric Co. :POR-US: Earnings Analysis: Q2, 2017 By the Numbers : July 31, 2017 (finance.yahoo.com)
- Portland General Electric Co (NYSE:POR) Trading Volume Significantly Lower (highlightpress.com)
- Portland General Electric Company (POR) Issues FY17 Earnings Guidance (famososartistas.com)
Portland General Electric (POR) traded up 0.64% on Friday, reaching $45.46. 1,436,351 shares of the company’s stock were exchanged. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 20.29 and a beta of 0.29. Portland General Electric has a 12 month low of $40.28 and a 12 month high of $48.06. The firm has a 50-day moving average of $45.77 and a 200-day moving average of $45.16.
Portland General Electric (NYSE:POR) last announced its earnings results on Friday, July 28th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by $0.08. The firm had revenue of $449 million for 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 for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 EPS. On average, equities analysts expect that Portland General Electric will post $2.22 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, September 25th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Friday, September 22nd. Portland General Electric’s dividend payout ratio (DPR) is currently 60.71%.
A number of equities research analysts recently weighed in on the stock. UBS AG downgraded shares of Portland General Electric from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 2nd. Zacks Investment Research raised shares of Portland General Electric from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub lowered shares of Portland General Electric from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Williams Capital lowered shares of Portland General Electric from a “hold” rating to a “sell” rating and reduced their target price for the company from $44.00 to $41.00 in a research note on Monday, July 24th. Finally, Barclays PLC reissued an “underweight” rating and set a $44.00 target price (up from $41.00) on shares of Portland General Electric in a research note on Sunday, April 23rd. Five research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Sell” and an average target price of $42.00.
In related news, insider William O. Nicholson sold 6,000 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $45.10, for a total transaction of $270,600.00. Following the completion of the sale, the insider now owns 16,313 shares in the company, valued at approximately $735,716.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Campbell A. Henderson sold 3,000 shares of the stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $45.01, for a total transaction of $135,030.00. Following the sale, the vice president now owns 20,424 shares of the company’s stock, valued at approximately $919,284.24. The disclosure for this sale can be found here. Company insiders own 0.55% of the company’s stock.
About Portland General Electric
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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