Portland General Electric Company (POR): A brief note on last quarter

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Portland General Electric Company (NYSE:POR) changes shares on Tuesday trading session, with a change of 0.14% or $0.06 shares. The trading starts at $42.11 and closed at $42.33 throughout the day. The trading session low price was $42.095 and day high was $43.09 on Tuesday, August 04. After the session, the Utilities sector daily volume shifted to 0.59 million while its average volume is 655.20K. In other hand, the POR market cap reached to $3.81B. While, its current target price is $46.70.

On October 29, 2019, Australia’s AGL vows to try to keep aluminum smelter customers open. According to the news reported on Reuters, AGL Energy, Australia’s largest power producer, said on Wednesday it is working hard to ensure its two biggest single customers, the Portland and Tomago aluminum smelters, remain open.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -2.80% and up 1.07% for month. Its quarterly performance was -6.88% below, while its half year performance is down -30.22%. POR yearly performance stood at negative -21.93% and fall -24.02% for year-to-date. Current recommendation for Portland General Electric Company is 3.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. POR EPS (TTM) for 12-month is 2.48. EPS for this year is 0.70%, while for the next year its value is 2.58. Sales growth for the current quarter is 3.84 while its EPS Q/Q reached 55.90%. It has an EPS of 1.90% up for past five years and for the next five years will be up 4.45%.

Let’s take a look on the analyst recommendations on POR for the current month and previous month. For the current month, 1 of 12 analysts recommend stock as Buy while 2 as Sell, 0 as overweight, 0 as underweight and 9 as Hold. As compared with the previous month ratings, 11 analysts participate in stock recommendation. Out of 11, 3 rated it sell, 1 rated it as Buy and 7 as Hold Ratings. On the other hand, target price ranges from $42.00 – $51.00. Average target price for POR was reached at $45.90.

Vanguard Group, Inc. (The), Blackrock Inc. and Copper Rock Capital Partners LLC are the top three holders in Portland General Electric Company (POR) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 10.17 million shares which valued 487.67 million. On Mar 30, 2020, Blackrock Inc. owned 7.22 million shares which valued at 346.02 million. On Jun 29, 2020, Copper Rock Capital Partners LLC has a total of 4.43 million shares which valued at 185.33 million. In the end, Copper Rock Capital Partners LLC have 4.95% shares outstanding of Portland General Electric Company (POR) on Jun 29, 2020. The insider ownership moved to 0.40%.

The company posted an EPS (TTM) of 2.48. According to the most recent quarter report on (Sep 2020), 9 analysts estimated an average EPS of 0.52, while 0.61 EPS posted a year ago period. Analyst Estimated EPS for POR published in the report was $0.48 – $0.63 during the same period. Comparing with last year, the average estimated EPS was 0.61 which is higher than 0.43 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for POR fall -17.25% for period of 200 days. SMA for 50 days was -3.38% which is showing red signal, while SMA-20 was -1.15%. The moving average value for Portland General Electric Company (POR) is 48.98 and 42.78 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in POR stock. On Feb 20, Jenkins Bradley Young, Vice President, sold 550 trading shares at the cost of $62.27, which valued at 34246.0. On Nov 21, Nicholson William O, Vice President, sold 3,000 shares at the cost of $55.26, with total shares of 1,653. On Sep 03, Kochavatr John Teeruk, Vice President, CIO, sold 769 shares at the cost of 57.76. After this transaction, Kochavatr John Teeruk total shares reached to 4,391 which valued at 44418.0.