GE Cuts Dividend In Half, Plans To Drop Light Bulb

General Electric to slice up its empire

The brokerage presently has a "neutral" rating on the conglomerate's stock. $29.51's average target is 46.67% above currents $20.12 stock price.

The company may eventually shed its majority stake in Baker Hughes, which became a separate public company in July after merging with GE's oil and gas operations.

Inch reiterated his sell rating and $18 price target for General Electric shares.

General Electric Co will radically shrink to focus on aviation, power and healthcare, betting on sectors it thinks it can make profits in, as the most famous USA conglomerate tries to revive its share price after a decade and a half of stagnation. General Electric Company had 74 analyst reports since July 21, 2015 according to SRatingsIntel. Firsthand Capital Management Inc bought 510,000 shares as the company's stock declined 17.37% while stock markets rallied.

Shares of General Electric Company (GE) opened at $19.02 on Tuesday.

From the start of 2016 through October 2017, a Goldman Sachs-curated basket of stocks spending the most on capex and research and development beat a similarly constructed index of companies offering high dividends and buybacks by a whopping 21 percentage points, according to the company's data. S&P Research has "Buy" rating and $34 target. RBC Capital Markets maintained General Electric Company (NYSE:GE) rating on Monday, July 10. The institutional investor held 323,579 shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $8.74 million, up from 311,903 at the end of the previous reported quarter. The company has market cap of $3.96 billion.

Deutsche Bank believes credit analysts will downgrade General Electric's debt after the investor day's developments.

"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. Portland General Electric Company (NYSE:POR) has risen 12.10% since November 13, 2016 and is uptrending. The company had revenue of $33.47 billion during the quarter, compared to analysts' expectations of $32.51 billion. General Electric's revenue for the quarter was up 11.5% compared to the same quarter past year.

GE forecast 2018 adjusted earnings per share of $1 to $1.07 per share, compared with its earlier estimate of $2 per share.

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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. American International Group Inc now holds 60,008 shares valued at $2,739,000. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. This works out to a net decrease in ownership of 12.11 million shares, and suggests that institutions are feeling bearish about the stock. Peak Financial Management Inc. raised its position in General Electric by 0.3% in the 2nd quarter. Blackrock owns 0.01% invested in Ebix Inc (NASDAQ:EBIX) for 2.70M shares. Ullmann Financial Group Inc. acquired a new position in General Electric during the 1st quarter worth approximately $106,000. It also reduced its holding in Citrix Sys Inc (NASDAQ:CTXS) by 45,656 shares in the quarter, leaving it with 11,255 shares, and cut its stake in Cvs Health Corp (NYSE:CVS).

Foundation Asset Management Lp holds 13.37% of its portfolio in Brink's Company for 598,924 shares.

General Electric guided 2018 earnings before interest and taxes for its industrials business to $14 billion versus Goldman's $16 billion estimate. Finally, Northwest Wealth Management LLC raised its position in General Electric by 0.8% during the 2nd quarter.

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