Highly Traded Stock: General Electric Company (GE)

Paterniano Del Favero
Luglio 27, 2017

The stock has "Outperform" rating by RBC Capital Markets on Monday, January 25. Businesswire.com's article titled: "Portland General Electric Schedules Earnings Release and Conference Call for ..." and published on July 05, 2017 is yet another important article.

General Electric (NYSE:GE) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.25 by $0.03. Portland General Electric had a net margin of 10.43% and a return on equity of 8.78%. The business had revenue of $29.56 billion during the quarter, compared to analyst estimates of $29.07 billion. The business's revenue for the quarter was up 8.8% compared to the same quarter a year ago. General Electric's revenue for the quarter was down 11.8% compared to the same quarter previous year. If you are viewing this story on another site, it was illegally copied and republished in violation of USA and worldwide copyright & trademark legislation. Morgan Stanley maintained the shares of GE in report on Thursday, October 6 with "Equal-Weight" rating. Finally, UBS AG downgraded shares of Portland General Electric from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 2nd. Barclays PLC reaffirmed an "underweight" rating and set a $44.00 target price (up from $41.00) on shares of Portland General Electric in a research note on Sunday, April 23rd. William Blair reiterated a "buy" rating on shares of General Electric in a report on Saturday, April 1st. Argus dropped their price objective on shares of General Electric from $36.00 to $33.00 and set a "buy" rating for the company in a research note on Monday, April 24th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. The company has an average rating of "Hold" and a consensus price target of $30.25.

Portland General Electric Company (NYSE:POR) announced a quarterly dividend on Wednesday, July 26th, RTT News reports. The stock has a market capitalization of $221.89 billion, a P/E ratio of 31.17 and a beta of 1.22. Portland General Electric has a one year low of $40.28 and a one year high of $48.06. 4,347,125 stocks of the shares transacted hands. the share has a 50 Day SMA of $27.36 along with a 200 - day SMA of $29.04. Brouwer Janachowski Limited Liability Corporation stated it has 0.11% of its portfolio in General Electric Company (NYSE:GE). Harbinger Holdings Llc sold 3.10 million shares as the company's stock declined 0.45% while stock markets rallied. This is an increase of approximately 116% compared to the typical daily volume of 31,959 call options.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. The stock of General Electric Company (NYSE:GE) has "Hold" rating given on Thursday, June 29 by Standpoint Research. This represents a $0.96 annualized dividend and a yield of 3.77%. General Electric's dividend payout ratio is now 118.52%. The shares were sold at an average price of $45.10, for a total transaction of $270,600.00. Looking out over the past year, company shares have been recorded -20.80% off the 52 week high and 1.52% away from the low over the same period. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

In other General Electric news, Chairman Jeffrey R. Immelt acquired 100,000 shares of the company's stock in a transaction dated Monday, May 15th. The disclosure for this purchase can be found here. Teachers Advisors LLC now owns 18,282,715 shares of the conglomerate's stock valued at $577,734,000 after buying an additional 2,592,455 shares during the last quarter.

General Electric Company (GE) traded up 0.59% on Wednesday, hitting $25.59.

Large investors have recently made changes to their positions in the company. Northwest Quadrant Wealth Management bought a fresh stake in General Electric throughout the Q4 valued roughly $177,000. LBA Wealth Management LLC now owns 8,056 shares of the conglomerate's stock worth $255,000 after buying an additional 776 shares in the last quarter. IFP Advisors Inc raised its position in shares of Portland General Electric by 0.4% in the first quarter. Puplava Financial Services Inc. now owns 11,209 shares of the conglomerate's stock worth $303,000 after buying an additional 41 shares during the period. Feltz Wealth PLAN bought a fresh stake in General Electric during the Q1 assessed at roughly $114,000. Ltd. now owns 15,458,705 shares of the conglomerate's stock valued at $488,626,000 after buying an additional 13,828,422 shares during the last quarter. Trustees of General Electric Pension Trust purchased a new position in General Electric during the fourth quarter valued at approximately $1,038,590,000. Insight 2811 Inc. now owns 37,789 shares of the conglomerate's stock worth $1,126,000 after buying an additional 118 shares during the period. Turner Investments LLC bought a new position in shares of General Electric during the fourth quarter valued at about $161,000.

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