Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Portland General Electric (POR) Share Price
Headlines about Portland General Electric (NYSE:POR) have trended somewhat positive on Saturday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of 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 impact score of 0.20 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 45.0527078964466 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Portland General Electric (NYSE POR) opened at 47.87 on Friday. 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 price of $46.33 and a 200-day moving average price of $45.73. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 21.37 and a beta of 0.29.
Portland General Electric (NYSE:POR) last posted its earnings results on Friday, July 28th. The utilities provider reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.08. The firm had revenue of $449 million during the quarter, compared to analyst estimates of $465.70 million. Portland General Electric had a net margin of 7.13% and a return on equity of 5.37%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company posted $0.42 EPS. On average, equities analysts predict 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. Shareholders of record on Monday, September 25th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.84%. The ex-dividend date is Friday, September 22nd. Portland General Electric’s dividend payout ratio (DPR) is 60.71%.
A number of research analysts have recently issued reports on the company. Zacks Investment Research upgraded Portland General Electric from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub lowered Portland General Electric from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Williams Capital lowered Portland General Electric from a “hold” rating to a “sell” rating and decreased their price objective for the company from $44.00 to $41.00 in a report on Monday, July 24th. Finally, KeyCorp restated a “hold” rating on shares of Portland General Electric in a report on Friday, September 1st. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Portland General Electric has a consensus rating of “Hold” and an average target price of $42.00.
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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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