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Published: Fri, March 03, 2017
Economy | By Melissa Porter

Dividend Growth Analysis of General Electric Company (GE)


Portland General Electric Company's dividend payout ratio is now 62.44%. Cable Hill Partners LLC now owns 4,447 shares of the company's stock worth $141,000 after buying an additional 19 shares during the period. Global X Management Co. Moving toward technical analysis, the current ratio, or the liquidity ratio of a company was calculated 3.10 as compared to its debt to equity ratio stands at 1.29. Leisure Capital Management boosted its stake in shares of General Electric Company by 0.3% in the third quarter. The Company has approximately four natural gas-fired generating facilities, which include PW1, PW2, Beaver and Coyote Springs Unit 1 (Coyote Springs). Cable Hill Partners LLC increased its position in General Electric Company by 38.4% in the third quarter. The stock had a trading volume of 7,637,644 shares. LLC raised its position in shares of General Electric Company by 58.6% in the second quarter. Institutional investors own 54.68% of the company's stock.

General Electric Company (NYSE:GE) stock ended Tuesday session in the red zone in a volatile trading. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.09. The company has a market capitalization of $277.42 billion, a P/E ratio of 26.96 and a beta of 1.20. The 52-Week High range of the stock is $64.36, while the 52-week low range is $48.45. Emerson Electric Company (NYSE:EMR) now has a P/E Ratio of 24.38. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.32.

The mean revenue estimate for the current fiscal period ending March 2017 is $3.48B by 18 brokerage firms. Bessemer Group Inc. boosted its stake in shares of Portland General Electric Company by 2.4% in the fourth quarter. During the same quarter in the prior year, the firm posted $0.56 EPS. General Electric Company has a 1-year low of $28.19 and a 1-year high of $33.00.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Tuesday, December 27th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Thursday, December 22nd. Emerson Electric Company's payout ratio is now 77.73%.

This piece was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of United States and global trademark & copyright laws. General Electric Company makes up 4.0% of Radnor Capital Management LLC's investment portfolio, making the stock its 5th largest position.

Several equities research analysts have recently commented on GE shares. The 5 year historical dividend growth of General Electric Company (GE) is at the rate of 7.56% while the R-Squared dividend growth is 0.83.

Portland General Electric Company had its "underweight" rating reiterated by analysts at Barclays. Citigroup Inc. reduced their price target on shares of General Electric Company from $36.00 to $35.00 and set a "buy" rating for the company in a research report on Monday, October 10th. The company presently has an average rating of Buy and an average price target of $33.45. The company had a trading volume of 24,323,767 shares. The shares were acquired at an average cost of $29.63 per share, for a total transaction of $148,150.00. The stock next year first quarter current estimate trend for EPS was for $0.67 and on annual basis FY 2016 estimate trends at current was for $2.55 as compared to one month ago of $2.39, and for next year per share earnings estimates have $2.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

In other news, Vice Chairman David Leon Joyce sold 159,662 shares of the stock in a transaction that occurred on Friday, February 3rd. Monitoring the stock price relative to moving averages and highs and lows for the year may help evaluate the value of the stock in the future.

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