GE cuts dividend for second time since Great Depression


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.

Flannery says investors should invest in the future of the company. Korea Investment CORP now owns 5,895,614 shares of the conglomerate's stock valued at $159,241,000 after purchasing an additional 232,962 shares during the last quarter. The institutional investor held 1.03 million shares of the semiconductors company at the end of 2017Q2, valued at $1.50 million, up from 520,000 at the end of the previous reported quarter. Barber Financial Group Inc. boosted its position in General Electric by 3.1% during the 1st quarter.

The stock of Portland General Electric Company (NYSE:POR) reached all time high today, Nov, 13 and still has $53.12 target or 9.00 % above today's $48.73 share price. IFP Advisors Inc lifted its holdings in General Electric by 1.4% during the second quarter. Hollencrest Securities LLC increased its position in General Electric by 5.5% in the third quarter. Insiders own 0.23% of the company's stock.

General Electric guided 2018 earnings before interest and taxes for its industrials business to $14 billion versus Goldman's $16 billion estimate. Renaissance Technologies Ltd Liability Company accumulated 0.07% or 1.20M shares. General Electric Company (NYSE:GE) has declined 4.46% since November 13, 2016 and is downtrending. Alpha Cubed Investments Llc who had been investing in General Electric Co for a number of months, seems to be bullish on the $164.94 billion market cap company. The firm had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.51 billion.

More notable recent General Electric Company (NYSE:GE) news were published by: which released: "General Electric Company May Spin-Off Transportation Division" on November 01, 2017, also with their article: "GE's energy business could soon look very different" published on November 13, 2017, published: "GE: Jack Welch Returns, Maybe Better Than Ever" on November 13, 2017. GE plunged 8% on Monday, to the lowest level in five and a half years, after the company announced the restructuring and diminished financial targets. When benchmark lending rates rise, it makes the yield offered by dividend payers less attractive. The ex-dividend date is Thursday, December 22nd.'s article titled: "PCI Provides Integrated Platform for Portland General Electric Company's ..." and published on October 24, 2017 is yet another important article.

More news: Mané and Clyne deliver double injury setback for Liverpool

WARNING: "General Electric Company (GE) Shares Sold by Granite Investment Partners LLC" was first reported by Week Herald and is owned by of Week Herald. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States & global copyright laws. Malaga Cove Capital Llc, a California-based fund reported 78,087 shares. American International Group Inc now holds 60,008 shares valued at $2,739,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Arrowgrass Cap Ptnrs (Us) Limited Partnership owns 429,365 shares.

A number of equities research analysts have recently issued reports on GE shares.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. JPMorgan Chase & Co. reissued an "underweight" rating on shares of General Electric in a report on Tuesday, November 15th. 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. Craig Hallum maintained it with "Buy" rating and $87.0 target in Thursday, November 9 report.

Among 2 analysts covering Ebix (NASDAQ:EBIX), 2 have Buy rating, 0 Sell and 0 Hold.

Flannery wants to bring more accountability to GE, in part by revamping its pay structure.