General Electric plans to slice quarterly dividend in half

General Electric to slice up its empire

More notable recent General Electric Company (NYSE:GE) news were published by: Cnbc.com which released: "GE's energy business could soon look very different" on November 13, 2017, also Investorplace.com with their article: "3 Big Stock Charts for Monday: General Electric Company, Advanced Micro ..." published on November 13, 2017, Seekingalpha.com published: "Here Is Your Chance To Play The GE Situation Correctly" on November 14, 2017. Its stake was valued at $26,146,000 an increase of $1,854,000 as of quarter end. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate's stock worth $557,000 after buying an additional 67 shares during the last quarter. The stock of General Electric Company (NYSE:GE) earned "Neutral" rating by UBS on Monday, October 23. Callahan Advisors LLC lifted its holdings in General Electric by 1.3% during the second quarter. Eagle Ridge Investment Management now owns 31,029 shares of the conglomerate's stock valued at $412,000 after purchasing an additional 4,764 shares during the last quarter. Institutional investors and hedge funds own 54.29% of the company's stock. North Star Asset Management Inc owns 0.84% invested in General Electric Company (NYSE:GE) for 306,707 shares. The stock has a market capitalization of $177,777.73, a price-to-earnings ratio of 16.53, a PEG ratio of 2.15 and a beta of 1.11. Trustco Bank Corp N Y who had been investing in General Electric Co for a number of months, seems to be bullish on the $153.76B market cap company.

General Electric (NYSE:GE) last released its earnings results on Friday, October 20th. The company reported $0.32 EPS for the quarter, hitting the Zacks' consensus estimate of $0.32. Many companies are increasing them because the USA economy is healthy and the stock market is booming. The company had revenue of $29.30 billion for the quarter, compared to analyst estimates of $29.64 billion. They expect $1.02 EPS, up 17.24% or $0.15 from last year's $0.87 per share. "While credit analysts will likely welcome the cut to GE's dividend, the company also laid out a framework of still hard cash generation over the next 2 years". When benchmark lending rates rise, it makes the yield offered by dividend payers less attractive. The ex-dividend date was Friday, September 15th.

Softbank set to buy $10 billion stake of Uber
Crucially, Softbank expects to buy up others' Uber shares at a lower price than it will pay for its direct investment. Uber said Sunday that it agreed to move forward on a proposed investment from SoftBank Group .

Deutsche Bank believes credit analysts will downgrade General Electric's debt after the investor day's developments. Nexus Investment Management Inc. increased its position in General Electric by 1.2% in the third quarter. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States & worldwide copyright laws. The legal version of this report can be viewed at https://weekherald.com/2017/11/14/general-electric-company-ge-shares-sold-by-granite-investment-partners-llc.html.

The stock decreased 0.06% or $0.05 during the last trading session, reaching $78.35. The stock was purchased at an average cost of $24.56 per share, for a total transaction of $2,456,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Coldstream Capital Management owns 128,699 shares for 0.45% of their portfolio. This nets out to a decrease of 12.82 million shares and is another bearish sign for GE. J P Morgan Chase & Co set a $22.00 price objective on General Electric and gave the stock a "sell" rating in a research note on Monday, July 24th. The stock of General Electric Company (NYSE:GE) has "Buy" rating given on Monday, August 17 by S&P Research. Vetr raised shares of General Electric from a "hold" rating to a "buy" rating and set a $32.83 price target for the company in a report on Wednesday.

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