GE Cuts Dividend In Half, Plans To Drop Light Bulb

General Electric logo

General Electric logo

It has a 36.18 P/E ratio. The Company's solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, worldwide transportation of valuables, and payment services.

Among 7 analysts covering Portland General Electric (NYSE:POR), 1 have Buy rating, 4 Sell and 2 Hold. Therefore 44% are positive. The stock has a consensus rating of "Hold" and a consensus target price of $25.25.

For only the second time since the Great Depression, General Electric is cutting its coveted dividend, with officials saying it will be cut in half. The stock of Portland General Electric Company (NYSE:POR) has "Hold" rating given on Thursday, October 12 by KeyBanc Capital Markets.

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"I'm not trying to run the company for the reaction on Monday and Tuesday or Wednesday of this week", he told CNBC's Squawk on the Street.

GE also plans to cut 25 percent of corporate staff at its Boston headquarters. As per Friday, July 22, the company rating was initiated by Standpoint Research. Alpha Cubed Investments Llc bought 36,876 shares as the company's stock declined 7.64% while stock markets rallied. Hancock Communications has 0.04% invested in General Electric Company (NYSE:GE) for 34,615 shares.

Analysts await Omega Healthcare Investors Inc (NYSE:OHI) to report earnings on February, 14. Stifel Nicolaus' price objective indicates a potential upside of 21.18% from the stock's current price. BCO was included in 3 notes of analysts from October 28, 2016. The firm has "Market Perform" rating by Bernstein given on Tuesday, July 26. The firm has "Sell" rating by Deutsche Bank given on Monday, September 11.

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Since January 1, 0001, it had 1 insider purchase, and 0 insider sales for $471,038 activity.

"We understand the importance of this decision to our shareowners and we have not made it lightly", Flannery said in a news release. Callahan Advisors LLC now owns 348,747 shares of the conglomerate's stock valued at $9,420,000 after purchasing an additional 4,544 shares during the last quarter. More interesting news about General Electric Company (NYSE:GE) were released by: and their article: "GE faces a major inflection point under new CEO John Flannery" published on November 12, 2017 as well as's news article titled: "General Electric's turnaround plan has investors dumping the stock" with publication date: November 13, 2017. The legal version of this report can be viewed at TN now owns 649,236 shares of the company's stock worth $19,230,000 after buying an additional 8,518 shares in the last quarter. The stock of General Electric Company (NYSE:GE) has "Sell" rating given on Friday, July 22 by Standpoint Research. It has underperformed by 21.16% the S&P500. They expect $0.28 earnings per share, down 39.13% or $0.18 from last year's $0.46 per share.

The quarterly payout will drop 50% to 12 USA cents a share, the Boston-based company said, in a move that will save about $4bn a year. General Electric has a twelve month low of $18.75 and a twelve month high of $32.38. The company has market cap of $164.94 billion.

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Short interest is another tool that analysts use to gauge investor sentiment. Its up 0.10, from 1.28 in 2017Q1. "But the company is under enormous pressure to restore investor confidence shaken by a serious cash crunch". 35 funds opened positions while 96 raised stakes. Wellington Mgmt Grp Inc Ltd Liability Partnership holds 0.33% in General Electric Company (NYSE:GE) or 51.36 million shares. Fcg Advsrs Limited Com has 40,766 shares. Chase Investment Counsel has invested 0.19% in General Electric Company (NYSE:GE). Blackrock owns 0.01% invested in Ebix Inc (NASDAQ:EBIX) for 2.70M shares. Tudor Investment Corp Et Al holds 25,900 shares. Old Mutual Global (Uk) Ltd, United Kingdom-based fund reported 159,551 shares. Moreover, Blackrock has 0.74% invested in General Electric Company (NYSE:GE). Raymond James Fin Advsr owns 2.55 million shares. Wilkins Counsel, a Massachusetts-based fund reported 132,818 shares.

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