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General Electric halves dividend for shareholders

General Electric halves dividend for shareholders

GE also will cut spending on the digital unit to US$1.1 billion in 2018 from US$1.5 billion in 2017.

"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. 35 funds opened positions while 96 raised stakes. That's well below the $1.15 a share analysts expected, according to FactSet. 1St Source Bancorp stated it has 280,158 shares or 0.65% of all its holdings.

The dividend cut, only GE's second since the Great Depression, shows the depths of the iconic company's financial problems.

Analysts await Portland General Electric Company (NYSE:POR) to report earnings on February, 16. General Electric Company now has $177.69 billion valuation. Goldman Sachs Group Inc. set a $28.00 price target on shares of General Electric and gave the company a "neutral" rating in a report on Friday, September 30th. Capital Research Global Investors lifted its stake in shares of General Electric by 18.6% during the 2nd quarter. Bluemountain Mgmt Limited Liability Company invested in 77,432 shares.

In other General Electric news, Chairman Jeffrey R. Immelt purchased 50,000 shares of the company's stock in a transaction dated Wednesday, November 9th. The fund owned 19,667 shares of the company's stock after selling 144 shares during the period. Svcs Of America reported 13,125 shares. It turned negative, as 85 investors sold General Electric Company shares while 816 reduced holdings. The 8 months bearish chart indicates high risk for the $166.37 billion company. General Electric has a 1 year low of $19.63 and a 1 year high of $32.38. If the $53.12 PT is reached, the company will be worth $391.50 million more.

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. The institutional investor held 285,101 shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $7.70 million, down from 305,967 at the end of the previous reported quarter. General Electric Company (NYSE:GE) has declined 4.46% since November 12, 2016 and is downtrending. It has underperformed by 4.16% the S&P500. They expect $0.78 EPS, down 11.36% or $0.10 from last year's $0.88 per share. Franklin Res Inc has invested 1.05% of its portfolio in General Electric Company (NYSE:GE).

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General Electric Company (NYSE:GE) was downgraded by Stifel Nicolaus from a "buy" rating to a "hold" rating in a research note issued on Tuesday, October 24th, Marketbeat reports. Therefore 42% are positive. The rating was maintained by JP Morgan on Monday, October 30 with "Neutral". The company was upgraded on Wednesday, August 26 by Vetr. The company was maintained on Thursday, March 23 by BMO Capital Markets.

More news for Portland General Electric Company (NYSE:POR) were recently published by: Bizjournals.com, which released: "Portland General Electric eyes spending up to $100M on energy storage" on October 27, 2017. As per Monday, October 2, the company rating was maintained by Morgan Stanley.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th.

Investors welcomed the latest results of Tyson Foods as the U.S. meat company reported quarterly profit and sales that exceeded expectations, bolstered by its beef, pork and chicken businesses. General Electric's dividend payout ratio (DPR) is now 80.00%. The company has a market capitalization of $4,301.38, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 5.63 and a beta of 0.29. 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 36.18 P/E ratio.

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