Portland General Electric Company (POR) Receiving Somewhat Positive News Coverage, Analysis Finds

News headlines about Portland General Electric Company (NYSE:POR) have trended somewhat positive recently, AlphaOne Sentiment reports. The research group, a unit of Accern, scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Portland General Electric Company earned a news impact score of 0.03 on AlphaOne’s scale. AlphaOne also gave news articles about the utilities provider an impact score of 61 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have impacted Alpha One Sentiment’s analysis:

Several research analysts recently weighed in on POR shares. Wolfe Research lowered Portland General Electric Company from a “market perform” rating to an “underperform” rating in a research report on Tuesday, February 21st. Zacks Investment Research raised Portland General Electric Company from a “sell” rating to a “hold” rating in a research report on Saturday, March 11th. Finally, Barclays PLC reaffirmed an “underweight” rating and issued a $44.00 target price (up from $41.00) on shares of Portland General Electric Company in a research report on Sunday, April 23rd. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Portland General Electric Company has a consensus rating of “Hold” and an average target price of $43.17.

Portland General Electric Company (NYSE:POR) traded up 0.44% on Tuesday, reaching $46.06. The company’s stock had a trading volume of 438,116 shares. The stock has a 50 day moving average price of $45.30 and a 200-day moving average price of $43.91. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 20.03 and a beta of 0.31. Portland General Electric Company has a 1-year low of $39.82 and a 1-year high of $46.87.

Portland General Electric Company (NYSE:POR) last posted its quarterly earnings results on Friday, April 28th. The utilities provider reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. Portland General Electric Company had a net margin of 9.64% and a return on equity of 7.99%. The business had revenue of $530 million for the quarter, compared to analysts’ expectations of $521.97 million. During the same period in the previous year, the company posted $0.68 EPS. Portland General Electric Company’s revenue was up 8.8% on a year-over-year basis. Equities analysts predict that Portland General Electric Company will post $2.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Monday, June 26th will be issued a dividend of $0.34 per share. This is a boost from Portland General Electric Company’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Thursday, June 22nd. Portland General Electric Company’s payout ratio is currently 62.44%.

In related news, insider Maria M. Pope sold 10,838 shares of Portland General Electric Company stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $44.07, for a total value of $477,630.66. Following the completion of the sale, the insider now owns 11,425 shares of the company’s stock, valued at approximately $503,499.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William O. Nicholson sold 6,000 shares of Portland General Electric Company stock in a transaction on 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 directly owns 16,313 shares of the company’s stock, valued at approximately $735,716.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,838 shares of company stock worth $883,261. 0.47% of the stock is currently owned by corporate insiders.

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Portland General Electric Company Company Profile

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.

12 Month Chart for NYSE:POR

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