Equities Analysts Offer Predictions for General Electric's FY2018 Earnings (GE)

Lloyd Doyle
May 17, 2018

Asset Advisors Corp sold 119,101 shares as General Electric (GE)'s stock declined 23.20%. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,429 shares of the utilities provider's stock valued at $247,000 after buying an additional 1,523 shares during the last quarter. General Electric Co now has $129.59B valuation. The stock decreased 2.96% or $1.03 during the last trading session, reaching $33.75. JPMorgan Chase dropped their target price on shares of Portland General Electric from $48.00 to $42.00 and set a "neutral" rating on the stock in a research report on Thursday, January 25th. Portfolio Solutions Lc invested 0.01% of its portfolio in General Electric Company (NYSE:GE). GE underperformed by 65.90% the S&P500. About 15.42M shares traded. Citigroup Inc, a New York-based fund reported 1,101 shares. Its up 15.71% from 995,400 shares previously. With 200 avg volume, 5759 days are for STARBREEZE AB ORDINARY SHARES (OTCMKTS:STBEF)'s short sellers to cover STBEF's short positions. The SI to STARBREEZE AB ORDINARY SHARES's float is 0.5%. It closed at $14.71 lastly. It is down 54.35% since May 16, 2017 and is downtrending. It has underperformed by 11.55% the S&P500.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. 151 funds took holdings and 383 increased holdings. Centenus Global Management LP bought a new position in shares of Portland General Electric during the 4th quarter worth about $3,874,000. State Of Tennessee Treasury Department holds 0.33% or 4.20 million shares.

Greatmark Investment Partners Inc. holds 0.9% of its portfolio in Nuveen Georgia Quality Municipa for 197,364 shares. Retail Bank Of The West reported 245,230 shares. Hudson Bay Capital Management Limited Partnership invested 0.03% in General Electric Company (NYSE:GE). The institutional investor bought 14,100 shares of the conglomerate's stock, valued at approximately $246,000. Ifc Hldg Fl owns 114,521 shares for 0.14% of their portfolio. Minnesota-based Northrock Prtn has invested 0.07% in General Electric Company (NYSE:GE). Massmutual Trust Fsb Adv has 0.01% invested in General Electric Company (NYSE:GE). Shelter Mutual Insur Communications has invested 1.68% in General Electric Company (NYSE:GE). Northeast Mngmt has invested 0.57% in General Electric Company (NYSE:GE). Altfest L J & invested in 0.62% or 94,275 shares.

General Electric Company (NYSE:GE) is expected to report earnings on July, 20., RTT reports. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: "Gabelli on GE: "There is a way out" published on May 14, 2018 as well as Seekingalpha.com's news article titled: "GE: The Bottom Appears To Be In; Near-Term Upside Potential 35-50%" with publication date: May 15, 2018.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. GE's profit could be $1.56 billion if the current earnings per share of $0.18 is accurate. General Electric Company's institutional ownership is 57%, while its institutional transactions stand at -0.21%.

Boston Family Office Llc increased Nextera Energy (NYSE:NEE) stake by 2,105 shares to 46,551 valued at $7.27 million in 2017Q4. It also increased its holding in Unum Group (NYSE:UNM) by 195,229 shares in the quarter, for a total of 223,400 shares, and has risen its stake in Baidu Inc (NASDAQ:BIDU). Boeing Co Com (NYSE:BA) was raised too.

More notable recent General Electric Company (NYSE:GE) news were published by: Marketwatch.com which released: "GE's stock survived the battle of the 'breakaway gap, ' and that may have won bulls the war" on May 11, 2018, also Seekingalpha.com with their article: "General Electric's Death Could Be Best For Shareholders" published on April 25, 2018, Seekingalpha.com published: "General Electric: Finally, It's Over" on April 23, 2018. Therefore 31% are positive. NRG Yield had 36 analyst reports since August 10, 2015 according to SRatingsIntel. Guggenheim reissued a "hold" rating and issued a $48.00 target price on shares of Portland General Electric in a research report on Wednesday, January 3rd. The firm has "Outperform" rating given on Monday, November 30 by RBC Capital Markets. As per Monday, October 23, the company rating was upgraded by Bank of America. RBC Capital Markets maintained the stock with "Hold" rating in Monday, February 26 report. JP Morgan maintained the shares of GE in report on Monday, February 12 with "Underweight" rating. They issued a "sell" rating and a $40.00 target price on the stock. Bernstein maintained General Electric Company (NYSE:GE) on Tuesday, July 26 with "Market Perform" rating.

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