Plans to shrink GE worries investors; shares hit five-year low

General Electric to slice up its empire

General Electric to slice up its empire

Morgan Stanley maintained the stock with "Equal-Weight" rating in Monday, July 17 report.

While looking at the Stock's Performance, General Electric Company now shows a Weekly Performance of 0.25%, where Monthly Performance is -13.35%, Quarterly performance is -20.67%, 6 Months performance is -29.29% and yearly performance percentage is -32.53%. Barclays Capital maintained the stock with "Overweight" rating in Tuesday, March 21 report. Oppenheimer Holdings also issued estimates for General Electric's Q4 2017 earnings at $0.30 EPS, Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.28 EPS, Q4 2018 earnings at $0.42 EPS and FY2018 earnings at $1.15 EPS. BCE Inc. had 20 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) earned "Buy" rating by TheStreet on Tuesday, July 21. Strategic Global Ltd invested 0.23% of its portfolio in General Electric Company (NYSE:GE). The stock of Portland General Electric Company (NYSE:POR) has "Hold" rating given on Thursday, October 12 by KeyBanc Capital Markets. They issued a "neutral" rating and a $45.00 price objective for the company.

Among 9 analysts covering Diebold Inc (NYSE:DBD), 4 have Buy rating, 0 Sell and 5 Hold. $29.51's average target is 51.26% above currents $19.51 stock price. "(GE) Stake Lowered by ELM Advisors LLC" was originally published by and is the propert of of. If you are reading this news story on another domain, it was copied illegally and reposted in violation of USA & global copyright & trademark legislation.

Institutions own 55.17% of General Electric Company (GE)'s shares. The Pennsylvania-based Ajo Ltd Partnership has invested 0.16% in Portland General Electric Company (NYSE:POR). The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14.

The stock of General Electric Company (NYSE:GE) hit a new 52-week low and has $17.84 target or 7.00 % below today's $19.18 share price.

General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, October 20th.

Analysts await Portland General Electric Company (NYSE:POR) to report earnings on February, 16. The company had revenue of C$515.00 million for the quarter, compared to analyst estimates of C$497.85 million. Portland General Electric had a net margin of 10.21% and a return on equity of 8.65%. The firm's quarterly revenue was up 11.5% on a year-over-year basis. The difference between the expected and actual EPS was $-0.04/share, which represents an Earnings surprise of -8.2%. 111 funds opened positions while 598 raised stakes. Taurus Asset Management Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $177.69B market cap company. Minnesota-based Windsor Fincl Group Ltd has invested 2.14% in General Electric Company (NYSE:GE). Kemnay Advisory Svcs Inc stated it has 0.03% in General Electric Company (NYSE:GE). Huntington National Bank grew its holdings in shares of Portland General Electric by 1.2% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate's stock worth $557,000 after acquiring an additional 67 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Portland General Electric in the second quarter valued at about $202,000. The stock decreased 4.30% or $0.01 on November 10, reaching $0.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

GE shares slumped, sending the stock to its lowest level in more than five years, after the company axed its quarterly dividend by 50 percent as part of a plan to revamp its business. Stockholders of record on Tuesday, December 27th will be given a dividend of $0.24 per share. Trexquant Inv L P invested 0.06% of its portfolio in Portland General Electric Company (NYSE:POR).

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