Economy

General Electric Target of Unusually High Options Trading (NYSE:GE)

Wall Street is only getting more bullish on the stock, with 8 of analysts who cover GE having a buy-equivalent rating. Oppenheimer Holdings also issued estimates for General Electric's Q4 2017 earnings at $0.58 EPS, FY2017 earnings at $1.57 EPS and FY2018 earnings at $1.75 EPS.

On 2/19/2014 Portland General Electric Company announced a quarterly dividend of $0.28. General Electric had a return on equity of 14.60% and a net margin of 6.45%. The business's revenue for the quarter was up 8.8% compared to the same quarter past year. Martingale Asset Mgmt Limited Partnership reported 0.12% in Portland General Electric Company (NYSE:POR). If you are reading this news story on another website, it was illegally stolen and reposted in violation of USA and worldwide copyright laws.

ILLEGAL ACTIVITY WARNING: "Bienville Capital Management LLC Has $416,000 Position in Emerson Electric Company (EMR)" was reported by Transcript Daily and is the property of of Transcript Daily.

Other research analysts have also recently issued reports about the stock. (The) set a $29.00 price target on General Electric and gave the stock a "neutral" rating in a report on Friday, July 7th. Zacks Investment Research lowered Portland General Electric from a "hold" rating to a "sell" rating in a research note on Friday, May 5th. Lastly, Credit Suisse Group reiterated a "buy" recommendation and given a $34.00 target price on stock of General Electric in a note on Tue, Apr 11th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock.

Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. General Electric Company (NYSE:GE) has declined 4.46% since July 26, 2016 and is downtrending. The stock has a market capitalization of $221.89 billion, a P/E ratio of 31.17 and a beta of 1.22. General Electric Company has a 12 month low of $25.26 and a 12 month high of $32.38. The share price has moved backward from its 20 days moving average, trading at a distance of -3.85% and stays -6.71% away from its 50 days moving average. Brouwer Janachowski Limited Liability Corporation stated it has 0.11% of its portfolio in General Electric Company (NYSE:GE). Institutional investors and hedge funds own 68.88% of the company's stock. This is an increase of 116% compared to the typical volume of 31,959 call options.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Jefferies Group Ltd invested in 0.01% or 80,049 shares. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $1.36 annualized dividend and a dividend yield of 3.00%. General Electric's dividend payout ratio is 118.52%. Franklin Resources Inc. now owns 1,430,731 shares of the industrial products company's stock valued at $79,764,000 after buying an additional 51,924 shares in the last quarter.

On 5/16/2017 Campbell A Henderson, VP, sold 3,000 with an average share price of $45.01 per share and the total transaction amounting to $135,030.00. Looking out over the past year, company shares have been recorded -20.80% off the 52 week high and 1.52% away from the low over the same period. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Beattie William G had bought 4,000 shares worth $110,800 on Wednesday, May 17. J P Morgan Chase & Co restated a "sell" recommendation and fixed a $27.00 target price on stock of General Electric in a note on Tue, Mar 28th. crowd sourced stock rating company Vetr lifted shares of General Electric from a "buy" recommendation to a "strong-buy" recommendation and fixed a $33.56 PT for the company in a study report on early Tue, Mar 28th. The disclosure for this sale can be found here.

Shares of Portland General Electric Company closed the previous trading session at 45.27 up +0.17 0.38% with 532,588 shares trading hands.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of General Electric during the fourth quarter worth $2,383,193,000. BerganKDV Wealth Management LLC now owns 11,804 shares of the conglomerate's stock worth $319,000 after buying an additional 36 shares during the period. IFP Advisors Inc raised its position in shares of Portland General Electric by 0.4% in the first quarter. Teachers Advisors LLC now owns 18,282,715 shares of the conglomerate's stock worth $577,734,000 after buying an additional 2,592,455 shares in the last quarter.

Analysts expect Portland General Electric Company (NYSE:POR) to report $0.45 EPS on July, 28 before the open.They anticipate $0.03 EPS change or 7.14 % from last quarter's $0.42 EPS. Intellectus Partners LLC purchased a new stake in shares of Emerson Electric during the fourth quarter valued at about $488,000. Finally, Regentatlantic Capital LLC raised its position in shares of Portland General Electric by 5.9% in the first quarter. Blue Fin Capital Inc. now owns 55,992 shares of the conglomerate's stock valued at $1,668,000 after buying an additional 158 shares in the last quarter.



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