General Electric (NYSE:GE) – Analysts at Oppenheimer decreased their FY2017 EPS estimates for shares of General Electric in a research note issued to investors on Tuesday. Oppenheimer analyst C. Glynn now anticipates that the conglomerate will post earnings per share of $1.05 for the year, down from their prior forecast of $1.08. Oppenheimer has a “Underperform” rating on the stock.

General Electric (NYSE:GE) last released its earnings results on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.20). General Electric had a return on equity of 13.72% and a net margin of 6.08%. The company had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.51 billion. During the same period last year, the firm posted $0.32 EPS. General Electric’s quarterly revenue was up 11.5% compared to the same quarter last year.

Several other equities analysts also recently commented on the stock. Vertical Research set a $18.00 target price on shares of General Electric and gave the stock a “hold” rating in a report on Tuesday. Deutsche Bank set a $15.00 target price on shares of General Electric and gave the stock a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. reissued a “sell” rating and issued a target price on shares of General Electric in a report on Monday. Vetr raised shares of General Electric from a “buy” rating to a “strong-buy” rating and set a $22.05 target price on the stock in a report on Monday. Finally, Tigress Financial reissued a “hold” rating on shares of General Electric in a report on Thursday, December 28th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $22.94.

General Electric (NYSE:GE) opened at $16.77 on Friday. General Electric has a 1-year low of $16.76 and a 1-year high of $31.34. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.86 and a quick ratio of 1.53. The company has a market cap of $145,430.00, a price-to-earnings ratio of 19.50, a PEG ratio of 1.96 and a beta of 1.07.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Wednesday, December 27th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Tuesday, December 26th. General Electric’s payout ratio is 55.81%.

In other General Electric news, Director Francisco Dsouza purchased 55,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of $17.94 per share, with a total value of $986,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven M. Mollenkopf bought 5,500 shares of General Electric stock in a transaction dated Thursday, November 16th. The stock was purchased at an average cost of $18.24 per share, for a total transaction of $100,320.00. Following the purchase, the director now owns 5,500 shares of the company’s stock, valued at approximately $100,320. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 120,500 shares of company stock worth $2,183,220. 0.36% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in GE. BKD Wealth Advisors LLC grew its holdings in shares of General Electric by 2.9% in the second quarter. BKD Wealth Advisors LLC now owns 124,939 shares of the conglomerate’s stock worth $3,375,000 after purchasing an additional 3,567 shares during the last quarter. Cardinal Capital Management Inc. grew its holdings in shares of General Electric by 7.3% in the second quarter. Cardinal Capital Management Inc. now owns 460,440 shares of the conglomerate’s stock worth $12,436,000 after purchasing an additional 31,175 shares during the last quarter. Prentiss Smith & Co. Inc. grew its holdings in shares of General Electric by 2.7% in the second quarter. Prentiss Smith & Co. Inc. now owns 47,532 shares of the conglomerate’s stock worth $1,284,000 after purchasing an additional 1,247 shares during the last quarter. Baker Boyer National Bank grew its holdings in shares of General Electric by 42.4% in the second quarter. Baker Boyer National Bank now owns 32,334 shares of the conglomerate’s stock worth $873,000 after purchasing an additional 9,625 shares during the last quarter. Finally, Berson & Corrado Investment Advisors LLC grew its holdings in shares of General Electric by 3.0% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 108,732 shares of the conglomerate’s stock worth $2,937,000 after purchasing an additional 3,141 shares during the last quarter. 55.64% of the stock is currently owned by institutional investors and hedge funds.

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General Electric Company Profile

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

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