General Electric halves dividend for shareholders

Screen Shot 2017 11 10

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The stock decreased 0.14% or $0.02 on November 10, reaching $18.15. About 598,899 shares traded. It has underperformed by 4.16% the S&P500. Taurus Asset Management Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $177.69B market cap company.

POR has been the subject of several research analyst reports.

The logo of General Electric Co.is pictured at the Global Operations Center in San Pedro Garza Garcia, neighbouring Monterrey, Mexico, on May 12, 2017. (POR)'s stock rose 5.21%. Millennium Mgmt Llc holds 0% or 47,158 shares in its portfolio.

Iconic American industrial behemoth General Electric, which has lost investor confidence amid bad investment decisions, is preparing to slice up its empire again, selling major business segments and laying off thousands. It closed at $48.28 lastly. Omega Healthcare Investors Inc (OHI) has risen 8.55% since November 13, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.

"Many investors own GE for the dividend, so it's disappointing, but it's also not very surprising that they had to cut", said Allianz Global Investor's Burns McKinney in a email Monday, as the company's share price slid 7.2%. Therefore 14% are positive. Morgan Stanley reiterated an "equal weight" rating and set a $26.00 price objective (down from $27.00) on shares of General Electric in a report on Monday, July 24th.

The cut will save GE $4.16 billion in payouts, the eighth biggest dividend cut in history among S&P 500 companies, according to Howard Silverblatt, senior index analyst of S&P Dow Jones Indices. Barclays Capital has "Underweight" rating and $37 target. The firm has "Hold" rating given on Monday, June 12 by Cowen & Co.

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Portland General Electric Company (NYSE:POR) issued an update on its FY17 earnings guidance on Friday morning. On Tuesday, October 13 the stock rating was upgraded by William Blair to "Outperform". KeyCorp reissued a hold rating on shares of Portland General Electric in a research note on Friday, September 1st.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th.

Ranger International Management Lp increased its stake in Bce Inc (BCE) by 824.78% based on its latest 2017Q2 regulatory filing with the SEC. It also upped Vanguard (VYM) stake by 108,500 shares and now owns 263,200 shares. Nvidia Corp (NASDAQ:NVDA) was raised too. 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.

Investors sentiment decreased to 0.79 in 2017 Q2. Its up 0.10, from 1.28 in 2017Q1. It turned negative, as 85 investors sold GE shares while 816 reduced holdings. BlackRock Inc. grew its position in shares of General Electric by 3.9% during the 2nd quarter. Opus Invest Mngmt Inc has 108,600 shares. Tctc Llc invested 1.87% of its portfolio in General Electric Company (NYSE:GE). Portland General Electric's payout ratio is 59.13%. Private Capital invested in 0.17% or 19,800 shares. Proshare Advsrs Limited Liability holds 163,872 shares or 0.07% of its portfolio. Umb Comml Bank N A Mo invested in 0.42% or 444,989 shares. Teachers Annuity Association Of America has 538,600 shares for 0.5% of their portfolio. Reaves W H & Com owns 366,469 shares or 0.62% of their United States portfolio. This works out to a net decrease in ownership of 12.11 million shares, and suggests that institutions are feeling bearish about the stock. Oppenheimer Holdings has a "Underperform" rating on the stock. On Thursday, March 23 the stock rating was maintained by RBC Capital Markets with "Positive". Deutsche Bank maintained the shares of GE in report on Monday, October 30 with "Sell" rating. On Wednesday, May 31 the stock rating was maintained by Credit Suisse with "Buy". The firm earned "Buy" rating on Monday, August 17 by S&P Research. The firm has "Neutral" rating by Citigroup given on Tuesday, July 19.

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. 35 funds opened positions while 84 raised stakes. Balyasny Asset Mngmt Ltd Liability Corp reported 0.17% stake. 41,315 are owned by Bnp Paribas Arbitrage Sa. Columbia Partners L L C Investment Mngmt accumulated 9,498 shares.

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