GE slashes quarterly dividend


Investors had initially reacted positively to the news in the premarket, but the stock tumbled at the open and most recently was down 3.4% in morning trading. The company's stock had a trading volume of 100,732,305 shares, compared to its average volume of 84,920,232. S&P Research maintained General Electric Company (NYSE:GE) rating on Tuesday, October 20. It has underperformed by 4.16% the S&P500. The utilities provider reported $0.44 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.38 by $0.06.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. While it slashed its dividend in half, the company also set a $3 billion share buyback priority. The stock increased 2.50% or $0.5 on November 10, reaching $20.49. About shares traded. Diebold Nixdorf Inc (NYSE:DBD) has risen 12.54% since November 13, 2016 and is uptrending. ADMA Biologics Inc (ADMA) has declined 37.56% since November 12, 2016 and is downtrending. It has underperformed by 4.60% the S&P500. BDIC's SI was 2,400 shares in November as released by FINRA. Entering the Home Security Market Holds Massive Opportunity" published on November 08, 2017, published: "Why BCE Inc.

John Flannery will become CEO of GE on August 1, 2017, replacing Jeff Immelt. More interesting news about BCE Inc.

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That shifting preference would seem to align with GE's decision to revamp operations and undergo a full corporate turnaround - one that will likely involve a great deal of internal investment.

Among 8 analysts covering BCE Inc.

POR has been the subject of several research analyst reports. The stock of BCE Inc. The firm earned "Buy" rating on Monday, January 25 by Northcoast.

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"This dividend cut will be a major disappointment to GE's (roughly 40 per cent) retail shareholder base", said RBC Capital Markets analyst Deane Dray. The firm earned "Buy" rating on Thursday, April 6 by Citigroup. JP Morgan upgraded the stock to "Neutral" rating in Friday, December 16 report. On Tuesday, October 27 the stock rating was downgraded by Macquarie Research to "Underperform". Schwab Charles Investment Management Inc. now owns 27,649,070 shares of the conglomerate's stock valued at $823,943,000 after buying an additional 776,656 shares during the period. (NYSE:GE) by 0.7% during the third quarter, Holdings Channel reports.

Investors sentiment increased to 1.38 in Q2 2017. Its down 0.03, from 0.82 in 2017Q1. It turned negative, as 85 investors sold GE shares while 816 reduced holdings. Finally, Northwest Wealth Management LLC raised its position in shares of General Electric by 0.8% during the second quarter. General Electric Company now has $177.69 billion valuation. Opus Invest Mngmt Inc has 108,600 shares. Proshare Advsrs Limited Liability holds 163,872 shares or 0.07% of its portfolio. The company now has an average rating of "Hold" and a consensus price target of $33.28. Teachers Annuity Association Of America has 538,600 shares for 0.5% of their portfolio.

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. It also upped Celgene Corporation (NASDAQ:CELG) stake by 2,538 shares and now owns 41,223 shares. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.86 and a quick ratio of 1.53. Baker Ellis Asset Limited Liability accumulated 18,750 shares. Bluemountain Mgmt Limited Liability Company invested in 77,432 shares. Private Capital invested in 0.17% or 19,800 shares. Midwest Inv Mngmt Llc has 10,125 shares for 0.23% of their portfolio. Therefore 42% are positive. As per Friday, July 22, the company rating was initiated by Standpoint Research. Oppenheimer Asset stated it has 0.02% of its portfolio in Portland General Electric Company (NYSE:POR). The stock now has an average rating of "Hold" and a consensus price target of $25.55. Cape Ann Bank, Massachusetts-based fund reported 24,214 shares. Aull & Monroe Mngmt Corp has 1.77% invested in General Electric Company (NYSE:GE).

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"I believe the overall dividend picture is very positive, as companies have record earnings, with cash also at a record", Silverblatt wrote in a Monday note. The firm has "Buy" rating by Stifel Nicolaus given on Wednesday, October 14. As per Monday, October 2, the company rating was maintained by Morgan Stanley. Ladenburg maintained it with "Buy" rating and $48.0 target in Tuesday, September 19 report.