Press coverage about Portland General Electric (NYSE:POR) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Portland General Electric earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 47.1701303291189 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
Portland General Electric (NYSE:POR) opened at $42.40 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.81. The firm has a market cap of $3,780.00, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 4.91 and a beta of 0.30. Portland General Electric has a 52-week low of $42.25 and a 52-week high of $50.11.
Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Friday, October 27th. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.06. The firm had revenue of $515.00 million during the quarter, compared to analysts’ expectations of $497.85 million. Portland General Electric had a net margin of 10.21% and a return on equity of 8.65%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 earnings per share. sell-side analysts predict that Portland General Electric will post 2.26 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, December 26th were paid a $0.34 dividend. The ex-dividend date was Friday, December 22nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.21%. Portland General Electric’s dividend payout ratio (DPR) is presently 58.87%.
A number of equities research analysts have weighed in on the stock. Guggenheim reiterated a “hold” rating and issued a $48.00 target price on shares of Portland General Electric in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. increased their price objective on shares of Portland General Electric from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Finally, Bank of America began coverage on shares of Portland General Electric in a research report on Tuesday, October 24th. They set a “neutral” rating and a $45.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $46.33.
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Portland General Electric 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.
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