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Could Portland General Electric Company (POR) Go Down After Achieving All-Time High?

15 November 2017
Could Portland General Electric Company (POR) Go Down After Achieving All-Time High?

The losses come after shares tumbled more than 7% on Monday in response to the company's turnaround plan. BerganKDV Wealth Management LLC raised its position in General Electric by 0.3% in the 2nd quarter.

Flannery says investors should invest in the future of the company. Finally, Oakmont Partners LLC boosted its position in General Electric by 3.6% during the 2nd quarter. Peak Financial Management Inc. raised its position in General Electric by 0.3% in the 2nd quarter. About 706,656 shares traded. Lucas Capital Management lifted its holdings in General Electric by 80.1% during the second quarter. American International Group Inc now holds 60,008 shares valued at $2,739,000.

Alpha Cubed Investments Llc increased its stake in General Electric Co (GE) by 8.5% based on its latest 2017Q2 regulatory filing with the SEC. Eagle Ridge Investment Management now owns 31,029 shares of the conglomerate's stock valued at $412,000 after purchasing an additional 4,764 shares during the last quarter. TN increased its position in General Electric by 1.3% in the third quarter. The stock declined 1.81% or $0.37 reaching $20.12 on the news. Cacti Asset Mngmt Limited Liability Co reported 0.22% in General Electric Company (NYSE:GE). The company had a trading volume of 71,976,180 shares.

Hammered by financial markets, with its market capitalization down more than $100 billion since January, the maker of jet engines and power turbines is paying dearly after making losing bets that the energy sector, in particular oil and gas, would grow indefinitely. General Electric Company (NYSE:GE) has declined 4.46% since November 13, 2016 and is downtrending. General Electric had a net margin of 6.08% and a return on equity of 13.72%. General Electric's revenue was up 3.8% compared to the same quarter previous year. They expect $1.02 EPS, up 17.24% or $0.15 from last year's $0.87 per share. On average, equities research analysts forecast that General Electric Co. will post $1.49 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Tuesday, December 27th will be given a dividend of $0.24 per share. The ex-dividend date was Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.02%. The South Dakota-based South Dakota Inv Council has invested 0.51% in General Electric Company (NYSE:GE). General Electric has a twelve month low of $18.75 and a twelve month high of $32.38. "(GE) Stake Lowered by ELM Advisors LLC" was originally published by and is the propert of of. If you are reading this report on another website, it was copied illegally and reposted in violation of U.S. & worldwide trademark & copyright laws.

"GE's analyst meeting surprised on several fronts ..." The stock of General Electric Company (NYSE:GE) earned "Outperform" rating by RBC Capital Markets on Monday, October 19. Stifel Nicolaus cut General Electric from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $26.00 to $22.00 in a research note on Tuesday, October 24th. S&P Research has "Buy" rating and $34 target. The stock has an average rating of "Hold" and an average target price of $25.55. Supplemental Annuity Collective Of Nj has 1.33% invested in General Electric Company (NYSE:GE). Baker Hughes is majority-owned by GE and was only formed past year by combining the two companies' oil and gas businesses. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Institutional investors and hedge funds own 54.29% of the company's stock.