The Growth Forecast For General Electric Company (NYSE:GE)

Posted March 05, 2017

The company had a trading volume of 542,933 shares. Essex Financial Services Inc. boosted its position in shares of Emerson Electric Company by 1.8% in the fourth quarter. Accredited Investors Inc. now owns 48,782 shares of the company's stock valued at $1,522,000 after buying an additional 3,480 shares during the period.

At the end of 12/31/2016 reporting period, 525 institutional holders increased their position in Emerson Electric Co.

A number of institutional investors have recently made changes to their positions in EMR. (NYSE:FMSA) shares Jumped 5.8% and ended the day at $10.03. Finally, Adage Capital Partners GP L.L.C. increased its position in General Electric Company by 7.6% in the second quarter. BlackRock Fund Advisors now owns 2,605,353 shares of the company's stock valued at $110,962,000 after buying an additional 277,820 shares during the period.

Portland General Electric Company (NYSE:POR) traded down 1.18% during mid-day trading on Friday, reaching $45.21. The company's market cap is $39.36 Billion, and the average volume is $3.88 Million. The firm has a 50-day moving average of $30.24 and a 200-day moving average of $30.41. The stock's market capitalization is 263.40B, it has a 52-week low of 28.19 and a 52-week high of 33.00. (The) raised Emerson Electric Company from a "sell" rating to a "neutral" rating and set a $60.00 target price for the company in a research report on Friday, January 27th. The company reported $0.63 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.63. General Electric Company had a net margin of 6.86% and a return on equity of 15.99%. These analysts have also projected a Low Estimate of $1.14/share and a High Estimate of $1.73/share. The business's revenue was up 5.0% on a year-over-year basis. According to the Analysts, the Low Earnings estimate for the current quarter is $0.5, while the High earnings estimate is $0.58.Comparatively, EPS for the same quarter previous year was $0.68. Shareholders of record on Thursday, December 1st were issued a dividend of $0.26 per share. The ex-dividend date is Thursday, March 23rd. General Electric Company's dividend payout ratio (DPR) is 106.67%.

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Several equities analysts recently issued reports on GE shares.

Shares of Emerson Electric Company (NYSE:EMR) have received an average rating of "Hold" from the twenty-seven brokerages that are now covering the stock. Finally, Bank of America Corp lowered shares of Portland General Electric Company from a "neutral" rating to an "underperform" rating and set a $39.00 price objective for the a research report on Tuesday, November 22nd.

Many research firms have provided their ratings on General Motors Company (NYSE:GM) where Macquarie provided Outperform rating on the stock on 1-Dec-16. Scotia Howard Weill restated a "sector perform" rating and set a $21.00 price objective on shares of Empire District Electric Company (The) in a research report on Monday, December 5th.

It is widely believed that the more practical proxy for the market's expectations is analyst's consensus price estimates. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.57 average brokerage recommendation. The median estimate represents a +5.93% increase from the last price of 37.76.

In other news, Vice Chairman David Leon Joyce sold 159,662 shares of the stock in a transaction that occurred on Friday, February 3rd. Vanguard Group Inc. now owns 3,409,135 shares of the company's stock valued at $115,809,000 after buying an additional 115,632 shares during the period. Emerson Electric Co. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Exec. Pres. Auto. The stock was acquired at an average price of $29.63 per share, for a total transaction of $148,150.00. Following the sale, the insider now directly owns 738,907 shares in the company, valued at approximately $21,842,090.92. The disclosure for this purchase can be found here.

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