Analysts Recommendations General Electric Company (GE)

Alain Brian
Juillet 17, 2017

About 459 shares traded. General Electric Company makes up 0.6% of Nationwide Fund Advisors' holdings, making the stock its 11th largest position.

Several other institutional investors have also recently made changes to their positions in GE. Finally, Teachers Advisors LLC boosted its stake in General Electric Company by 16.5% in the fourth quarter. 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 period.

Main Street Research Llc increased General Electric Co. State of Alaska Department of Revenue now owns 4,480 shares of the utilities provider's stock valued at $226,000 after buying an additional 90 shares in the last quarter. Sva Plumb Wealth Limited Liability Corporation owns 1.66% invested in General Electric Company (NYSE:GE) for 352,288 shares. For the next 5 years, General Electric Company is expecting Growth of 10.82% per annum, whereas in the past 5 years the growth was -3.31% per annum. Granite Investment Advisors LLC now owns 471,656 shares of the conglomerate's stock worth $14,055,000 after buying an additional 26,772 shares in the last quarter.

More notable recent General Electric Company (NYSE:GE) news were published by: which released: "General Electric Continues To Drop" on July 12, 2017, also with their article: "General Electric Just Bounced Off Rock Bottom" published on July 12, 2017, published: "General Electric: The Sky Is Not Falling [VIDEO]" on July 13, 2017. Hedge funds and other institutional investors own 54.24% of the company's stock. The Massachusetts-based Alpha Windward Ltd Liability Corporation has invested 0.3% in General Electric Company (NYSE:GE). The stock has a market cap of $232.56 billion, a PE ratio of 27.27 and a beta of 1.22. General Electric Company has a 1-year low of $25.85 and a 1-year high of $33.00. The firm has a 50 day moving average price of $27.94 and a 200 day moving average price of $29.66.

General Electric Company (NYSE:GE) last released its quarterly earnings data on Friday, April 21st. The conglomerate reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.17 by $0.04. The Return on Equity (ROE) value stands at 0%. The Main Street Research Llc holds 177,733 shares with $5.62 million value, up from 147,333 last quarter. During the same quarter in the prior year, the business posted ($0.14) earnings per share. Over the trailing year, the stock is underperforming the S&P 500 by 30.9, and it's gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Monday, June 19th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.58%. This is an increase from El Paso Electric Company's previous quarterly dividend of $0.31. General Electric Company (NYSE:GE) has declined 4.46% since July 17, 2016 and is downtrending.

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A number of research firms have commented on POR. Finally, BidaskClub lowered General Electric Company from a "sell" rating to a "strong sell" rating in a research report on Wednesday, June 28th. General Electric Company has a consensus rating of "Hold" and an average target price of $31.14.

General Electric Company (NYSE:GE) opened its previous trading session at $26.74 later Declining -0.04% to close its trade at a share price of $26.78. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock of General Electric Company (NYSE:GE) has "Market Perform" rating given on Monday, April 4 by Bernstein. Total Debt/Equity is 162.4 and the Book value per Share is 8.58. Following the transaction, the director now owns 1,000 shares in the company, valued at approximately $29,900. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

During the trading day, the stock price fluctuated between $26.73 and $26.9. The stock was purchased at an average price of $28.07 per share, for a total transaction of $2,807,000.00. The disclosure for this sale can be found here.

The total number of shares percentage held by insiders is about 0.05% while the number of Shares % held by institutions is 56.6%.

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 OR and includes approximately 51 incorporated cities, of which Portland and Salem.

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