General Electric plans to slice quarterly dividend in half

Yasuyoshi ChibaAFP  Getty Images

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.

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".

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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