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General Electric Company (GEC.L) Sees The Tape Move Mid-Market

12 October 2017

The Firm offers a portfolio of services and products in business aviation; combat vehicles, weapons systems and munitions; information technology services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship fix.

The company P/E (price to earnings) ratio is 26.46 and Forward P/E ratio is 13.92. It operates through four business groups: Aerospace, Combat Systems, Information Systems and Technology, and Marine Systems.

Los Angeles Capital Management Equity Rech reported 0.01% of its portfolio in Portland General Electric Company (NYSE:POR). Washington Trust Company sold 482,976 shares as General Electric Co (GE)'s stock declined 7.64%. The Symons Capital Management Inc holds 8,835 shares with $457,000 value, down from 16,420 last quarter. General Electric Company's 50-day moving average is $24.37 and its two hundred day average is $26.88.

General Electric Company shares were trading at $23.11 per share on Wednesday morning, down $0.25 (-1.07%). It improved, as 4 investors sold PEBO shares while 27 reduced holdings.

According to Financial Times, The 4 analysts offering 12 month price targets for El Paso Electric Company have a median target of 56.50, with a high estimate of 60.00 and a low estimate of 52.00. It has outperformed by 4.35% the S&P500.

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Hawaiian Electric Industries, Inc is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. Therefore 33% are positive. The company was upgraded on Tuesday, October 13 by William Blair. The firm earned "Hold" rating on Monday, July 17 by Oppenheimer. Barclays Capital downgraded the stock to "Underweight" rating in Monday, January 4 report. BMO Capital Markets maintained General Electric Company (NYSE:GE) on Thursday, March 23 with "Hold" rating.

General Electric Company (GE) has an Analysts' Mean Recommendation of 2.4. RBC Capital Markets has "Hold" rating and $23.0 target. On Tuesday, August 25 the stock rating was maintained by Deutsche Bank with "Hold". The stock of Spirent Communications Plc (ADR) (OTCMKTS:SPMYY) has "Neutral" rating given on Monday, November 9 by Citigroup. It also reduced Delta Air Lines Inc Del (NYSE:DAL) stake by 5,903 shares and now owns 253,237 shares.

The stock increased 0.08% or $0.01 on October 11, reaching $15.1. The insider Beattie William G bought 4,000 shares worth $110,800. For the past 5 years, the company's revenue has grown -0.7%, while the company's earnings per share has grown -0.8%.

Shares of General Electric Company (GEC.L) is moving on volatility today 0.00% or 0.00 from the open.

Investors sentiment decreased to 0.79 in Q2 2017.

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The St. Joe Company (NYSE:JOE) tinted gains of +1.05% (+0.2 points) to US$19.2. At present, 5 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. Ray Gerald L & Assocs owns 316,504 shares or 1.1% of their USA portfolio.

Traders bought shares of General Electric Company (NYSE:GE) on weakness during trading hours on Tuesday. (NASDAQ:PEBO). Strs Ohio holds 0% or 22,300 shares in its portfolio. First Pacific Advsr Limited Liability Com has invested 3.35% in General Electric Company (NYSE:GE). Wells Fargo & Mn accumulated 355,940 shares. Ullmann Financial Group Inc. acquired a new stake in shares of General Electric in the 1st quarter valued at $106,000.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: "GE Is A Horrible Dividend Stock So Choose These 2 Dividend Kings Instead" on October 10, 2017, also Seekingalpha.com with their article: "General Electric: The Sharks Have Begun To Circle" published on October 06, 2017, Seekingalpha.com published: "Dividend cut on the way at GE?" on October 09, 2017. Investors are a little more bearish on shares of the company recently if you evaluate the rise in short interest. 46,061 are held by St Johns Ltd Llc. Cap International Sarl holds 0.02% or 9,400 shares. Bridgeway Cap Mngmt, Texas-based fund reported 2.94M shares. They expect $2.42 earnings per share, down 2.42% or $0.06 from last year's $2.48 per share. PEBO's profit will be $9.32 million for 16.64 P/E if the $0.51 EPS becomes a reality.

Since May 15, 2017, it had 3 buys, and 0 insider sales for $3.37 million activity. Clover Partners L.P. owns 1.50 million shares or 4.51% of their U.S. portfolio. Finally, BlueMountain Capital Management LLC boosted its stake in Portland General Electric by 0.3% during the second quarter. Meeder Asset Management has 0% invested in Peoples Bancorp Inc. J P Morgan Chase & Co's price target would suggest a potential downside of 0.82% from the stock's current price.

GE's revenue has declined at an average annualized rate of about -3.3% during the past five years.

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