General Electric plans to slice quarterly dividend in half


The company has already surpassed its goal of cutting $1 billion in industrial costs this year, and plans more than $2 billion in cuts next year. The stock increased 2.50% or $0.5 on November 10, reaching $20.49. About shares traded. Diebold Nixdorf Inc (NYSE:DBD) has risen 12.54% since November 13, 2016 and is uptrending. It has underperformed by 21.16% the S&P500. Moreover, Private Asset Management has 3.34% invested in General Electric Company (NYSE:GE) for 767,266 shares. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. General Electric Company (NYSE:GE) has declined 4.46% since November 11, 2016 and is downtrending. (POR)'s stock rose 5.21%.

Barry Investment Advisors Llc holds 4.25% of its portfolio in Omega Healthcare Investors Inc for 341,536 shares.

General Electric slashed its dividend in half and will attempt to vastly narrow its focus to three key sectors - aviation, health care and energy - as the conglomerate with early ties to Thomas Edison considers shedding even its historic lighting business. It closed at $48.28 lastly. It has underperformed by 19.06% the S&P500. The stock of General Electric Company (NYSE:GE) earned "Neutral" rating by UBS on Monday, October 23. Therefore 14% are positive. BB&T Corp had 75 analyst reports since July 17, 2015 according to SRatingsIntel. Barclays Capital has "Underweight" rating and $37 target. (GE)'s stock declined 7.64%. They issued a "neutral" rating and a $45.00 price objective for the company. The stock has "Hold" rating by Stifel Nicolaus on Tuesday, October 24.

"This dividend cut will be a major disappointment to GE's (roughly 40 percent) retail shareholder base", said RBC Capital Markets analyst Deane Dray. The rating was upgraded by Zacks to "Sell" on Wednesday, August 5. The stock of Portland General Electric Company (NYSE:POR) has "Hold" rating given on Thursday, October 12 by KeyBanc Capital Markets. It also upped Celgene Corporation (NASDAQ:CELG) stake by 2,538 shares and now owns 41,223 shares. Pittenger And Anderson Inc has invested 0% in Portland General Electric Company (NYSE:POR). POR's profit will be $57.89M for 18.57 P/E if the $0.65 EPS becomes a reality. The institutional investor held 285,101 shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $7.70 million, down from 305,967 at the end of the previous reported quarter.

Investors of record on Tuesday, December 26th will be given a dividend of $0.34 per share.

GE also will cut spending on the digital unit to $1.1 billion in 2018 from $1.5 billion in 2017.

GE shares fell to their lowest level in more than five years as investors anxious the years-long overhaul would not pare down enough expenses or generate as much cash as they hoped. Kemnay Advisory Svcs Inc stated it has 0.03% in General Electric Company (NYSE:GE). Univest Corp Of Pennsylvania, a Pennsylvania-based fund reported 90,061 shares. Martingale Asset Mngmt LP accumulated 14,900 shares. Banque Pictet Cie Sa stated it has 0.3% of its portfolio in General Electric Company (NYSE:GE). One Capital Management Limited Liability Corporation holds 112,935 shares or 0.9% of its portfolio. Tctc Llc invested 1.87% of its portfolio in General Electric Company (NYSE:GE). Bath Savings Company holds 0.35% or 46,230 shares in its portfolio. Prospera Financial Services Inc now owns 68,458 shares of the company's stock worth $2,028,000 after buying an additional 11,591 shares in the last quarter. The stock decreased 0.25% or $0.07 on November 10, reaching $28.3. 9,806 are owned by State Of Alaska Department Of Revenue. Brown Brothers Harriman Communication holds 409,969 shares. Mufg Americas Hldgs accumulated 1,745 shares. Security National Bank Of So Dak reported 56,003 shares stake. Bp Public Ltd Liability invested in 0.68% or 685,000 shares. Shares for $448,800 were bought by Beattie William G on Monday, May 15. Commonwealth Equity Serv Inc owns 35,885 shares. Minerals Technologies Inc (NYSE:MTX) was reduced too.

Among 8 analysts covering BCE Inc. "Is up Over 1%" on November 02, 2017. The company was downgraded on Tuesday, August 25 by TheStreet. On Wednesday, May 31 the stock rating was maintained by Credit Suisse with "Buy". As per Friday, July 22, the company rating was initiated by Standpoint Research. The stock of Diebold Nixdorf Inc (NYSE:DBD) has "Buy" rating given on Wednesday, April 19 by Feltl Co. It increased, as 62 investors sold BBT shares while 256 reduced holdings. Its down 0.03, from 0.82 in 2017Q1. 73 funds opened positions while 295 raised stakes. Gsa Cap Partners Llp reported 0.18% stake. Bainco owns 268,088 shares or 1.09% of their USA portfolio. Focused Wealth Management Incorporated has 100 shares.