Published: Thu, November 16, 2017
Economy | By Melissa Porter

GE slightly up after moving to cut divi by 50%

GE slightly up after moving to cut divi by 50%

111 funds opened positions while 598 raised stakes.

Redmond Asset Mgmt Ltd stated it has 103,091 shares or 1.31% of all its holdings. Raymond James & accumulated 0.01% or 147,681 shares. Ruffer Ltd Liability Partnership stated it has 35,800 shares. It is negative, as 85 investors sold GE shares while 816 reduced holdings. 103.77 million shares or 6.20% more from 97.71 million shares in 2017Q1 were reported. During the same period in the previous year, the company posted $0.38 earnings per share. sell-side analysts expect that Portland General Electric will post 2.26 EPS for the current fiscal year. State Of Wisconsin Investment Board accumulated 0.96% or 11.02M shares. Parametric Port Associate Limited Liability Corporation holds 182,271 shares or 0% of its portfolio.

The New GE CEO says the company will focus on its health, power and aviation business. Firsthand Capital Management holds 1.03 million shares or 1.52% of its portfolio. 10,262 were reported by Proshare Advsr Limited Liability Com. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Moody Bank Tru Division holds 0.17% or 126,312 shares in its portfolio.

Alpha Cubed Investments Llc increased its stake in General Electric Co (GE) by 8.5% based on its latest 2017Q2 regulatory filing with the SEC. Credit Suisse Group AG restated an "outperform" rating and set a $33.00 price objective on shares of General Electric in a research report on Saturday, July 22nd. The stock had previously closed at $20.49. Jacobs Levy Equity has 0.01% invested in General Electric Company (NYSE:GE). Six research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Therefore 100% are positive. Comerica Natl Bank has 0.03% invested in Portland General Electric Company (NYSE:POR). $29.51's average target is 56.14% above currents $18.9 stock price. Portland General Electric had 14 analyst reports since July 28, 2015 according to SRatingsIntel. Portland General Electric's payout ratio is presently 59.13%. As per Monday, April 24, the company rating was maintained by RBC Capital Markets. Oppenheimer Holdings, Inc. lowered General Electric from a "market perform" rating to an "underperform" rating in a research report on Tuesday, October 24th. The company was maintained on Monday, November 30 by RBC Capital Markets. Morgan Stanley reiterated an "equal weight" rating and issued a $27.00 target price on shares of General Electric in a research report on Monday, July 17th. Bank of America Corporation now has a buy rating on the stock. Blair William And Il invested in 0.6% or 2.98 million shares.

Flannery is expected to give more details about the dividend cut during GE's investor day Monday. The rating was maintained by Jefferies on Wednesday, August 9 with "Buy". About 867,808 shares traded. General Electric Company (NYSE:GE) has declined 4.46% since November 13, 2016 and is downtrending. It has underperformed by 4.60% the S&P500.The move comes after 5 months positive chart setup for the $4.42 billion company. The stock of General Electric Company (NYSE:GE) has "Hold" rating given on Friday, July 21 by CFRA. GE's profit would be $2.43 billion giving it 16.87 P/E if the $0.28 EPS is correct. Institutional investors and hedge funds own 54.29% of the company's stock.

Insisting that GE Transportation was a "global market leader" with a premier offering and strong digital business that was "close to key customers", the group said the recent downturn in the North American locomotive market had been partly offset by worldwide growth and a strong backlog in the services business.

Like this: