$0.24 just might be within reach for General Electric Company (NYSE:GE) shareholder.

September 14, 2017 - By Marie Mckinney

 $0.24 just might be within reach for General Electric Company (NYSE:GE) shareholder.
Investors sentiment decreased to 0.82 in 2016 Q4. Its down 0.07, from 0.89 in 2016Q3. It is negative, as 68 investors sold General Electric Company shares while 818 reduced holdings. 116 funds opened positions while 609 raised stakes. 4.64 billion shares or 0.15% more from 4.63 billion shares in 2016Q3 were reported.
Balasa Dinverno & Foltz Limited Liability accumulated 36,803 shares. Kidder Stephen W holds 133,462 shares. Comml Bank Of Montreal Can reported 9.77M shares. Thomas J Herzfeld Advsrs Inc reported 2,369 shares stake. Patten Grp has invested 0.7% in General Electric Company (NYSE:GE). Sit Invest Associates holds 0.52% in General Electric Company (NYSE:GE) or 627,480 shares. Riverbridge Prtn Lc owns 0.06% invested in General Electric Company (NYSE:GE) for 89,555 shares. Blackrock Fund Advsrs stated it has 118.77 million shares or 0.69% of all its holdings. Rudman Errol M holds 2.72% of its portfolio in General Electric Company (NYSE:GE) for 124,050 shares. Calamos Advisors Lc holds 0.88% or 3.50M shares in its portfolio. Swarthmore Gp Inc reported 11,050 shares or 0.05% of all its holdings. Seaward Mgmt Ltd Partnership owns 824,363 shares. First Bankshares Of Omaha reported 947,995 shares. Amalgamated Bank holds 0.97% of its portfolio in General Electric Company (NYSE:GE) for 679,485 shares. Grandfield & Dodd Limited Liability Corporation holds 0.74% of its portfolio in General Electric Company (NYSE:GE) for 179,869 shares.

Since May 15, 2017, it had 3 insider buys, and 0 sales for $3.37 million activity. 100,000 shares were bought by IMMELT JEFFREY R, worth $2.81M on Monday, May 15.

General Electric Company (NYSE:GE) is expected to pay $0.24 on Oct 25, 2017. The indicated annual dividend is $0.96. Shareholders owning the stock before Sep 15, 2017 will be eligible to receive the payout. Based on General Electric Company’s current price of $24.11, the dividend is 1.00 %. This dividend’s record date is Sep 18, 2017 and the announcement date is Sep 7, 2017. The stock increased 0.92% or $0.22 during the last trading session, reaching $24.11. About shares traded. General Electric Company (NYSE:GE) has declined 4.46% since September 14, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.

General Electric Company is a global digital industrial company. The company has market cap of $208.74 billion. The Company’s services and products range from aircraft engines, power generation, and gas and oil production equipment to medical imaging, financing and industrial products. It has a 27.64 P/E ratio.

General Electric Company (NYSE:GE) Ratings Coverage

Among 23 analysts covering General Electric Company (NYSE:GE), 11 have Buy rating, 3 Sell and 9 Hold. Therefore 48% are positive. General Electric Company has $67 highest and $21.0 lowest target. $31.09’s average target is 28.95% above currents $24.11 stock price. General Electric Company had 58 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, June 12 by Cowen & Co. On Wednesday, April 26 the stock rating was downgraded by Bank of America to “Neutral”. On Monday, September 11 the stock rating was maintained by Deutsche Bank with “Sell”. As per Monday, November 30, the company rating was maintained by RBC Capital Markets. As per Monday, October 10, the company rating was maintained by . The company was maintained on Monday, October 5 by Barclays Capital. The rating was maintained by RBC Capital Markets with “Positive” on Thursday, March 23. As per Friday, December 16, the company rating was upgraded by Bernstein. The firm has “Hold” rating by Deutsche Bank given on Tuesday, August 25. The stock has “Hold” rating by Vetr on Tuesday, September 22.

More notable recent General Electric Company (NYSE:GE) news were published by: Investorplace.com which released: “General Electric Co (GE) Stock Depends on Hiring, Not Firing” on September 13, 2017, also Investorplace.com with their article: “Buy GE Stock? 3 Pros, 3 Cons for General Electric” published on September 12, 2017, Seekingalpha.com published: “General Electric: What We Do Know” on September 10, 2017. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “General Electric’s Focus In IIoT Could Be Very Lucrative” published on September 11, 2017 as well as Seekingalpha.com‘s news article titled: “General Electric: Massive Tailwind” with publication date: September 07, 2017.

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