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GE cuts dividend as it looks to 'reset'

14 November 2017

Investors sentiment decreased to 0.79 in 2017 Q2. Its up 0.10, from 1.28 in 2017Q1. It is positive, as 20 investors sold Portland General Electric Company shares while 75 reduced holdings. 111 funds opened positions while 598 raised stakes. Moreover, Ibm Retirement Fund has 1.19% invested in General Electric Company (NYSE:GE) for 212,832 shares. Cowen and Company restated a "hold" rating and issued a $27.00 price objective on shares of General Electric in a report on Monday, July 17th. The Opus Investment Management Inc holds 108,600 shares with $4.96 million value, down from 118,600 last quarter. First Washington reported 0.09% in General Electric Company (NYSE:GE). General Electric Co. The company's 50-day moving average is $30.61 and its 200 day moving average is $30.59. New York-based Taurus Asset Lc has invested 1.21% in General Electric Company (NYSE:GE). Renaissance Group Limited Liability Corp accumulated 40,405 shares or 0.04% of the stock. Regentatlantic Capital LLC now owns 5,825 shares of the company's stock valued at $266,000 after buying an additional 245 shares in the last quarter.

"The company's unrealistic earning guidance and its outstretched dividend are now gone; soon Flannery may wield a scalpel to underperforming divisions, or those that fit better in the portfolio of a private equity buyer", Forbes said. Renaissance Technologies Ltd Liability Company accumulated 0.07% or 1.20M shares. Silvercrest Asset Group Ltd stated it has 2.02 million shares. General Electric Company has $67 highest and $17 lowest target. The company's quarterly revenue was up 6.4% on a year-over-year basis.

In 12.22pm trading in NY, the Dow Jones Industrial Average rose 0.08 percent, while the Nasdaq Composite Index inched 0.07 percent higher.

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. About 100.73M shares traded or 28.86% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since November 13, 2016 and is downtrending. It has underperformed by 4.16% the S&P500. Analysts reported that the Price Target for General Electric Company might touch $35 high while the Average Price Target and Low price Target is $24.27 and $17 respectively. They expect $0.28 earnings per share, down 39.13% or $0.18 from last year's $0.46 per share. OHI's profit will be $153.89 million for 9.02 P/E if the $0.78 EPS becomes a reality. The company reported C$0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.38 by C$0.06. Therefore 42% are positive. The company had revenue of C$515.00 million for the quarter, compared to analyst estimates of C$497.85 million. The firm has "Outperform" rating by RBC Capital Markets given on Monday, October 19. The company was downgraded on Wednesday, April 26 by Bank of America. Citigroup initiated the shares of GE in report on Thursday, January 21 with "Buy" rating. On Tuesday, June 13 the stock rating was maintained by Stifel Nicolaus with "Buy". The firm earned "Buy" rating on Tuesday, October 20 by S&P Research. The rating was maintained by JP Morgan on Thursday, October 12 with "Neutral". KeyCorp restated a "hold" rating on shares of Portland General Electric in a research report on Friday, September 1st. Morgan Stanley has "Equal-Weight" rating and $25 target.

General Electric is slashing its coveted stock dividend in half and getting even smaller by selling storied businesses such as its railroad and light bulb units.

The 125-year-old company cut its dividend and profit outlook in half as it goes through the transition, in a widely-expected plan unveiled by new chief executive John Flannery in NY yesterday.

General Electric Company is a global digital industrial company. It has a 36.18 P/E ratio.

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GE cuts dividend as it looks to 'reset'