22 May, 2017
In other General Electric Company news, Director Marijn E. Dekkers bought 20,000 shares of the firm's stock in a transaction that occurred on Monday, April 24th. Furthermore on 10/10/16 Citigroup "Maintained" the stock to Buy.
A number of other analysts have also weighed in on GE. Royal Bank of Canada lowered their target price on shares of General Electric Company from $36.00 to $35.00 and set an "outperform" rating for the company in a research note on Monday, April 24th.
Based on the latest notes released to investors, 1 analyst has issued a rating of "buy", 0 analysts "outperform", 7 analysts "hold", 2 analysts "underperform" and 1 analysts "sell". FMR LLC increased its stake in shares of General Electric Company by 0.7% in the fourth quarter. 48,406,440 shares of the company traded hands. The stock carved out a 52-week low down at $27.41. R quarterly performance is -18.48% while firm's price to sale ratio is 0.50 and price to book ratio is 1.62. The stock of General Electric Company (NYSE:GE) earned "Equal-Weight" rating by Morgan Stanley on Thursday, October 6. Investors bought 59,914 call options on the stock. This is an increase of 163% compared to the typical volume of 22,743 call options.
The stock of General Electric Company (NYSE:GE) registered a decrease of 6.43% in short interest. (GE)'s stock 0.00%. The Trian Fund Management Lp holds 67.42 million shares with $2.13B value, down from 72.62M last quarter.
General Electric Company is a global digital industrial company. According to Thomson Reuters, sell-side analysts are predicting a consensus target price of $141.71 on company stock. During the same quarter previous year, the business posted $0.68 earnings per share. General Electric Company's revenue was down.7% compared to the same quarter past year. Portland General Electric Company's dividend payout ratio (DPR) is now 62.44%. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & global copyright & trademark legislation. Portland General Electric Company's dividend payout ratio is presently 62.44%. If you are reading this article on another domain, it was stolen and republished in violation of USA & global copyright and trademark laws. The legal version of this story can be accessed at https://baseballnewssource.com/markets/high-point-bank-trust-co-sells-50-shares-of-general-electric-company-ge-updated/738382.html. 16,000 shares valued at $448,800 were bought by Beattie William G on Monday, May 15. The shares were sold at an average price of $45.01, for a total transaction of $135,030.00.
General Electric Company (NYSE:GE) opened at 28.05 on Friday. The shares were sold at an average price of $45.10, for a total transaction of $270,600.00. Following the acquisition, the director now directly owns 1,000 shares of the company's stock, valued at approximately $29,900. The disclosure for this sale can be found here. The Northeast Investment Management holds 889,971 shares with $28.12 million value, up from 852,198 last quarter. The stock rose 0.11% or $0.03 reaching $27.51.
A number of large investors have recently made changes to their positions in the stock.
Among 21 analysts covering General Electric Company (NYSE:GE), 11 have Buy rating, 3 Sell and 7 Hold. BlackRock Inc. now owns 497,892,998 shares of the conglomerate's stock valued at $14,837,212,000 after buying an additional 480,324,238 shares during the period. Colony Group LLC raised its stake in Portland General Electric Company by 30.1% in the first quarter. Cable Hill Partners LLC now owns 6,155 shares of the conglomerate's stock valued at $180,000 after buying an additional 1,708 shares in the last quarter. On Monday, January 23 DIMITRIEF ALEXANDER bought $7,046 worth of General Electric Company (NYSE:GE) or 231 shares. JPMorgan Chase & Co. reiterated an underweight rating and issued a $28.00 price objective on shares of General Electric Company in a research report on Thursday, January 5th. Alliancebernstein L.P. now owns 3,182,938 shares of the utilities provider's stock valued at $141,386,000 after buying an additional 247,232 shares during the period. Looking at this figure it suggests that the shares of General Electric Company (GE) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that General Electric Company (GE) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued.
