General Electric plans to slice quarterly dividend in half

Screen Shot 2017 11 10

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.

Thousands protest in Yemen against Saudi-led blockade
According to the UN's aid coordinator in Yemen, Jamie McGoldrick, there was no time to wait for a new inspection system to be set up.

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.

Related News:

  • Taylor Swift to perform at Metlife Stadium on 'Reputation' tour

    Taylor Swift to perform at Metlife Stadium on 'Reputation' tour

    Fervent fans are asking about when the "Should've Said No" singer will be in Europe and elsewhere, like Brazil and India. But if you're a verified Swiftie, fans can purchase tickets in advance through Ticketmaster Verified Fan Program .
    The Dream Chaser Takes Flight and Seems to Ace Its Landing

    The Dream Chaser Takes Flight and Seems to Ace Its Landing

    Sierra Nevada's six-mission contract calls for Dream Chaser to start delivering cargo to the space station in 2019. The company promised to release more test flight details, images and video on Monday (Nov. 13).
    Microsoft's Black Friday deals: Idol 4S for $169 & $150 off Galaxy S8/S8+

    Microsoft's Black Friday deals: Idol 4S for $169 & $150 off Galaxy S8/S8+

    The Xbox One X console came out last week and now we have the estimated numbers it managed to sell in the United Kingdom market. Both of these will come bundled with a Black Type Cover that should make it an excellent option when it comes to productivity.
  • Stalker sets Chennai woman, mother & sister on fire; woman dies

    Stalker sets Chennai woman, mother & sister on fire; woman dies

    The woman, identified as Sindhuja, succumbed to the burns at the Kilpauk Medical College (KMC) Hospital (KMC) on Tuesday morning. Doctors at the KMC Hospital said Renuka and Nivedha suffered 49% and 23% burns repectively, mostly on their faces and hands.
    Goodwin Lost Infant Daughter Hours Before 49ers Win

    Goodwin Lost Infant Daughter Hours Before 49ers Win

    Goodwin scored a touchdown for the 49rs just hours later, blowing a kiss to the sky before collapsing in the end zone . Goodwin was one of three National Football League players who took a knee to protest during Veterans Day weekend.
    Neymar Denies Rumors of Not Feeling at Home with PSG

    Neymar Denies Rumors of Not Feeling at Home with PSG

    Real have had issues at both right-back and at the heart of the defence this season and Marquinhos' versatility makes him a player that could help solve each problem.
  • Amazon Sells Cloud Assets in China Due to New Rules

    Amazon Sells Cloud Assets in China Due to New Rules

    Amazon said that it will sell few physical assets only and own the intellectual property of Amazon Web services (AWS) worldwide. Last year Amazon signed a deal with Sinnet so it could operate its services in China, most notably Amazon Web Services.

    Colin Kaepernick Named "Citizen of the Year" by GQ Magazine

    There are some who share GQ's opinion that Kaepernick would've been picked up had he not begun the protest. The magazine 's story includes comments from several of Kaepernick's supporters and confidants.

    'Star Wars Battlefront II' Players Outraged Over Progression System, Microtransactions

    Specifically, a controversial change to the game made it more hard to get Luke Skywalker and Darth Vader. It now sits at negative 392,000 points, making it the most downvoted comment in Reddit history .
  • IPhone X iOS 11.1.1 gets jailbroken

    IPhone X iOS 11.1.1 gets jailbroken

    MacRumors originally reported the news after a tip from accessory maker RAVpower . The Qi standard, now at v1.2, actually supports up to 15W being delivered.
    At Least Three Dead, Students Wounded After Shooting At California School

    At Least Three Dead, Students Wounded After Shooting At California School

    Police fatally shot the attacker after reports of at least seven shooting scenes, including an elementary school, Johnston said. "Multiple students" have been airlifted from the scene according to Assistant Sheriff Phil Johnston, including a 6-year-old.

    The Weeknd 'dating Justin Bieber's ex Yovanna Ventura' after Selena Gomez split

    Ventura and Bieber dated briefly back in 2015, after he had split with Gomez and had a (possible) brief fling with Kylie Jenner . The two were spotted leaving Hyde nightclub in Los Angeles and photographed holding hands in the back seat of his white Bentley.


Most liked

Russian Federation posts videogame image as 'irrefutable proof' U.S. helps IS
A US Department of Defense spokesman said this incident was just the latest "episode" by the Russians. The images are consistent with a mix of screengrabs from a number of clearly identifiable videos .

Australians say yes to marriage equality in historic vote
A young protester cheers in support during a march for marriage equality in Sydney . Australia has voted "Yes" to same-sex marriage.

Nintendo Close To A Deal On Super Mario Bros Movie
As Kotaku points out, the Wall Street Journal's reports on Nintendo's media haven't always been accurate. That means it will be several years before the movie is ready for release in theaters.

Allen County Public Health supports antibiotic awareness
Taking antibiotics when they are not needed or worse, taking the wrong antibiotic reduces their effectiveness. Councillor Sweet added: "In addition, people take antibiotics for mild infections when they don't need to".

HTC launches Vive Focus for China, drops plans for Daydream headset
As previously announced , the Vive Focus runs on a Qualcomm Snapdragon 835 chip and uses inside-out positional tracking. HTC has not given any pricing or release dates for the Focus but did say it would initially be available in only China.

North Korean defector was shot six times by border troops: UNC
If North Korea is proven to have fired shots through the area, this would constitute a breach of the armistice agreement. The most famous incident was in 1976, when two American army officers were killed by ax-wielding North Korean soldiers.

Security forces kill 81 terrorists in Somalia
Special Forces attacked the Al-Shabaab camp in Jilib district on Saturday, based in the Middle Jubba region in southern Somalia. Unmanned drones were used to carry out the attacks in coordination with Somalia's government.

Boris Johnson under renewed fire over Iran comments
On Saturday she was taken to Iranmehr hospital, Tehran, to see a specialist for an ultrasound on her breasts. Tory backbencher Anna Soubry said "in "normal" times Boris Johnson would have been sacked long ago".

Jazz C Gobert to miss a month with bone bruise
At the end of the day, that (expletive) don't matter. "I just want him going for it, putting his nose on two or three more of those a game".

Motorola Moto X4 Specifications & Features
Apart from Google Assistant , the smartphone will also support Amazon Alexa once the retailer giant releases the Moto Alexa app. On the specifications front, the smartphone is powered by Qualcomm Snapdragon 630 octa-core SoC paired with Adreno 508 GPU.

Today will release new info. on PSU hazing trial
The footage in question led to new charges against 12 people in the case, ranging from felony aggravated assault to misdemeanors. The teen's mother, Evelyn Piazza, added, "Your life is too important to put it on the line for a brotherhood or a sisterhood".

University Of Arkansas Quarterback Cole Kelley Arrested On Suspicion Of DUI
Kelley had logged considerable playing time for the Razorbacks after an injury to Austin Allen in the University of SC game. Razorbacks coach Bret Bielema said in a statement released by the school he was informed of the incident.

Sledgehammer Addresses Call of Duty: WW2 Multiplayer Issues
Until the Call of Duty: WWII servers are back online fully, you will be alone in Headquarters unless you invite friends. The double XP event that's been extended for one more day is now scheduled to end on November 14 at 10 a.m.

Qualcomm Rejects $130 Billion Broadcom Merger Proposal
Our scenario analysis examines Qualcomm earnings in various iPhone royalty scenarios with and without Huawei royalties. Qualcomm announced today it has rejected Broadcom's takeover bid, and for now, it will remain subsidiary to no one.

Missouri AG subpoenas Google in antitrust investigation
A Google spokesman said that the company had not yet received Missouri´s subpoena, but that it has "strong privacy protections in place for our users".