General Electric to focus to power, healthcare and aviation, cuts outlook

General Electric to focus to power, healthcare and aviation, cuts outlook

Finally, Franklin Resources Inc. raised its stake in shares of General Electric by 43.8% in the second quarter.

Opus Investment Management Inc increased Vanguard (VEA) stake by 25,300 shares to 1.69M valued at $70.01M in 2017Q2.

Struggling American industrial giant, General Electric will slash its dividend by 50%, focus on three of its biggest business lines, may sell down its 60% plus stake in Baker Hughes, the third biggest U.S. oil services group, but won't break up the company completely. Guggenheim Cap Llc reported 0.17% in General Electric Company (NYSE:GE). The Opus Investment Management Inc holds 108,600 shares with $4.96 million value, down from 118,600 last quarter.

By cutting the dividend in half, GE will save more than $4 billion per year. Broderick Brian C has invested 0.08% in Portland General Electric Company (NYSE:POR).

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Friday, October 27th. Parametric Assocs Limited Liability Company holds 361,096 shares or 0.02% of its portfolio. The stock of Diebold Nixdorf Inc (NYSE:DBD) has "Buy" rating given on Wednesday, April 19 by Feltl Co. Wfg L P holds 0% in Portland General Electric Company (NYSE:POR) or 8 shares. General Electric has a 1 year low of $19.63 and a 1 year high of $32.38. If the $17.75 price target is reached, the company will be worth $15.23 billion less.

Insider data can help an investor form an outlook on a stock, but it's important to supplement this data with other information such as technical indicators to form a more complete view. This works out to a net decrease in ownership of 12.11 million shares, and suggests that institutions are feeling bearish about the stock. It has underperformed by 4.16% the S&P500.

Aaron Jones (MCL) expected to miss 3-6 weeks for Packers
Jones was carted off the field in the first quarter on Monday after seeing the first four touches out of the Packers' backfield. Ty Montgomery rushed for 54 yards and a touchdown on six carries after Jones left, but he too left the game and did not return.

Analysts await Omega Healthcare Investors Inc (NYSE:OHI) to report earnings on February, 14. The conglomerate reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.20). OHI's profit will be $153.89 million for 9.02 P/E if the $0.78 EPS becomes a reality. Pittenger And Anderson Inc has invested 0% in Portland General Electric Company (NYSE:POR).

GE also said it will hold an investor update at 9 a.m. Monday. Therefore 42% are positive.

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. On Thursday, March 23 the stock rating was maintained by RBC Capital Markets with "Positive". The firm earned "Buy" rating on Thursday, April 6 by Citigroup. The rating was maintained by Williams Capital Group on Friday, August 5 with "Hold". As per Tuesday, September 19, the company rating was maintained by Ladenburg. S&P Research has "Buy" rating and $34 target. S&P Research maintained General Electric Company (NYSE:GE) rating on Tuesday, October 20. As per Monday, July 24, the company rating was maintained by Oppenheimer. The firm has "Underweight" rating by JP Morgan given on Wednesday, October 28. Bank of America Corporation upgraded General Electric from a "neutral" rating to a "buy" rating and set a $27.00 price objective on the stock in a research report on Monday, October 23rd. Other changes include reducing the company board from 18 to 12 members and reducing dividend payments to around $1 from a target of $2 per share, the first reduction since 2009. The business's revenue was up 11.5% on a year-over-year basis. Buckingham Mgmt stated it has 1.36% in General Electric Company (NYSE:GE).

"Fiscal 2018 is off to a great start", according to Hayes, adding that the company projects adjusted earnings growth of between 7 and 10 percent to between US$5.70 and US$5.85 per share. The Company's services and products range from aircraft engines, power generation, and gas and oil production equipment to medical imaging, financing and industrial products. It has a 21.14 P/E ratio.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related Articles

  • Trump asked Xi to look at cases of UCLA basketball players

    Trump asked Xi to look at cases of UCLA basketball players

    During their meeting, Duterte thanked Turnbull for coming to the Philippines and having the bilateral talk with him. The Chinese leader, however, would not back down on Beijing's territorial claim, Mr Duterte said.
    Rockefeller Center's 75-foot Christmas tree arrives in New York City

    Rockefeller Center's 75-foot Christmas tree arrives in New York City

    After it's taken down, it will be cut into lumber which will be donated to Habitat for Humanity. The 75-foot, 13-ton Spruce tree was chopped down in State College, Pennsylvania in the morning.
    Red Sox All-Star Mookie Betts bowls a ideal  game

    Red Sox All-Star Mookie Betts bowls a ideal game

    Mookie Betts will never know how it feels to pitch a flawless game, but he knows what it's like to bowl one. Betts, 25, hit.264 with 24 home runs and 102 RBI this season to make his second consecutive All-Star team.
  • Giants' owners: Despite 'extremely disappointing season,' Ben McAdoo has support

    Giants' owners: Despite 'extremely disappointing season,' Ben McAdoo has support

    But the San Francisco 49ers were playing the New York Giants , a team that typically lets tight ends roam free in the secondary. The team looks as though they've quit on their head coach while he remains defiant and, at times, angsty with the media.
    North East Police launch a two week gun surrender

    North East Police launch a two week gun surrender

    More information is available on the Northumbria Police website along with the list of designated stations and FAQs. However others are acquired and distributed by criminal networks to threaten or harm their local communities.
    Hot Stock to Watch: Nektar Therapeutics (NKTR)

    Hot Stock to Watch: Nektar Therapeutics (NKTR)

    Nektar Therapeutics is a biopharmaceutical company that discovers and develops medicines in areas of high unmet medical need. Rothschild Asset Management Inc raised its position in Nektar Therapeutics shares by 5.0% as of the end of the last quarter.
  • Mugabe in trouble as Zimbabwean army chief threatens to take over

    Mugabe in trouble as Zimbabwean army chief threatens to take over

    The U.S. woman charged with subversion in Zimbabwe over allegedly insulting President Robert Mugabe on Twitter was freed Friday on $1,000 bail.
    Smoking Bag Causes Panic at Orlando Airport

    Smoking Bag Causes Panic at Orlando Airport

    You can see here a TSA officer sees the backpack and grabs the smoking bag and runs away from people standing in line. WESH 2 further reported that the officer who grabbed the bag was well equipped to handle the situation.
    The Coca-Cola Company (KO): What's the Story?

    The Coca-Cola Company (KO): What's the Story?

    It is positive, as 49 investors sold KO shares while 618 reduced holdings. 32 funds opened positions while 56 raised stakes. The Coca-Cola Company (KO) is an interesting player in the Consumer Goods space, with a focus on Beverages - Soft Drinks.
  • NCP rejects demand for resignation of nominee in LDF govt

    NCP rejects demand for resignation of nominee in LDF govt

    NCP state president T P Peethamparan, meanwhile, said the meeting was scheduled much earlier to discuss organizational issues. The petition is expected to come up before the court for hearing on Wednesday.
    AAA: Gas prices leveling out after last week's surge

    AAA: Gas prices leveling out after last week's surge

    In Gwinnett, the lowest gas prices that could be found on GasBuddy.com were in the $2.19 to $2.23 range in the Lawrenceville area. According to new numbers from AAA , the price of gas is up significantly versus a year ago.
    Government launches BharatNet phase 2 project

    Government launches BharatNet phase 2 project

    Under the Phase II, the government plans to connect 1.5 lakh panchayats through 10 lakh km of additional optical fibre. The Centre has allotted Telangana state Rs 1,243 crore for the implementation of BharatNet Phase-2.