General Electric Company (GE) Beats Lowered Expectations, Shares Lift Higher

General Electric Tops Earnings Views, Keeps Outlook; Honeywell Beats

Why General Electric Earnings Are Brightening Investors' Morning

Smith Salley & Associates sold 275,874 shares as the company's stock declined 23.20% with the market. Stock Yards Bank & Trust Co who had been investing in Boeing Co for a number of months, seems to be less bullish one the $198.88B market cap company. Over the past five trading sessions it is 2.74%; 0.52% for the month; -4.87% for the last quarter; -11.14% for the past six-months; and -11.51% for the last 12 months. Excluding adjustments, GE earned $369 million, or 4 cents a share, on revenue of $28.7 billion.

On 2/10/2017 NYSE:GE - General Electric announced a quarterly dividend of $0.24 3.2% with an ex dividend date of 2/23/2017 which will be payable on 4/25/2017. GE underperformed by 65.90% the S&P 500.

North American Management Corp increased its stake in Pfizer Inc (PFE) by 17.97% based on its latest 2017Q4 regulatory filing with the SEC. Messner Smith Theme Value Inv Mgmt Ltd Ca accumulated 3.3% or 118,721 shares. The institutional investor held 35,919 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $626,000, down from 311,793 at the end of the previous reported quarter. The stock decreased 0.58% or $1.97 during the last trading session, reaching $338.67.

Revenues from Lighting inched down 1% to $456 million with lower revenues from the legacy lighting businesses, while Oil & Gas revenues were up 74% year over year to $5,385 million due to improved revenue contribution from Baker Hughes. It has underperformed by 9.12% the S&P500. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Therefore 41% are positive. RBC Capital Markets downgraded the stock to "Sector Perform" rating in Tuesday, November 14 report. General Electric presently has an average rating of "Hold" and an average price target of $17.86. The firm has "Hold" rating given on Friday, April 21 by Cowen & Co. As per Monday, October 2, the company rating was maintained by Morgan Stanley. The company was maintained on Monday, October 23 by RBC Capital Markets. The rating was maintained by JMP Securities on Tuesday, July 25 with "Market Outperform". BMO Capital Markets maintained it with "Hold" rating and $11700 target in Thursday, June 1 report. Finally, JPMorgan Chase reissued an "underweight" rating and issued a $14.00 target price (down previously from $16.00) on shares of General Electric in a research report on Monday, February 12th.

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Since January 26, 2018, it had 1 buy, and 0 insider sales for $43,446 activity.

Investors of record on Monday, February 26th will be issued a $0.12 dividend. It's up 0.23, from 0.79 in 2017Q3. It worsened, as 153 investors sold GE shares while 921 reduced holdings. 26,900 were reported by Fairpointe Ltd Liability Company. Addenda Inc reported 32,500 shares. Vertical Research set a $18.00 target price on shares of General Electric and gave the company a "hold" rating in a report on Tuesday, January 16th. Old Natl Comml Bank In holds 281,331 shares. Lyon Street Capital Ltd Com owns 446,703 shares. Ubs Asset Americas reported 65,149 shares or 0% of all its holdings. General Electric Company (NYSE:GE) has declined 54.35% since April 21, 2017 and is downtrending. Johnson Investment Counsel holds 0.23% or 536,197 shares in its portfolio. New England Research Management invested in 15,255 shares or 0.42% of the stock. First Savings Bank & Of Newtown has invested 0.94% in General Electric Company (NYSE:GE). Following the completion of the acquisition, the insider now directly owns 81,185 shares of the company's stock, valued at approximately $1,311,949.60. Analysts on average had expected 11 cents a share, according to Thomson Reuters I/B/E/S. GE recently restated 2017 results to reflect changes in accounting standards. Segment Wealth Management Limited Liability owns 23,722 shares for 0.1% of their portfolio. The utilities provider reported $0.82 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.82.

Analysts await Enbridge Inc. BlackRock Inc. now owns 517,315,514 shares of the conglomerate's stock worth $13,972,691,000 after purchasing an additional 19,422,516 shares during the last quarter. ENB's profit will be $786.66 million for 16.26 P/E if the $0.48 EPS becomes a reality. "Buy" rating has 3, "Sell" are 6, while 9 are "Hold". Therefore 46% are positive. Wynn Resorts had 93 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has "Hold" rating by Tigress Financial on Thursday, December 28. That puts the market capitalization at $3.6 bln. The rating was upgraded by JP Morgan on Monday, October 12 to "Overweight". (NYSE:T). Moreover, Jefferies Gru Limited Liability Com has 0.07% invested in AT&T Inc. The rating was upgraded by Bernstein to "Outperform" on Friday, December 16. The stock of Moelis & Company (NYSE:MC) has "Neutral" rating given on Tuesday, September 8 by Credit Suisse. (NASDAQ:IMMU) on Wednesday, July 29 to "Hold" rating. (NYSE:T) earned "Hold" rating by Independent Research on Tuesday, October 25.

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