General Electric shares tank as third quarter shows a big earnings miss

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According to Zacks brokerage recommendations, Portland General Electric Company (POR)'s Buy count is 0 and Strong Buy is 1 while the number of analysts recommending Sell and Strong Sell are 0 and 6, respectively. Davis Capital Partners Llc sold 55,000 shares as Aon (AON)'s stock rose 8.30%. Company insiders own 0.36% of the company's stock. Fincl Consulate invested 0.33% in General Electric Company (NYSE:GE).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GW&K Investment Management LLC now owns 299,934 shares of the company's stock valued at $13,233,000 after buying an additional 96,570 shares in the last quarter. 414,219 were reported by Folger Nolan Fleming Douglas Capital Inc. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. The correct version of this story can be viewed at https://weekherald.com/2017/10/21/general-electric-company-ge-shares-bought-by-btr-capital-management-inc.html. Taylor Cottrill Erickson & Associates Inc. now owns 211,085 shares of the conglomerate's stock worth $5,701,000 after acquiring an additional 4,167 shares in the last quarter. Berkshire Asset Management LLC PA now owns 623,128 shares of the conglomerate's stock valued at $18,569,000 after purchasing an additional 26,733 shares during the period. Finally, Strs Ohio boosted its stake in shares of Portland General Electric Company by 9.0% in the second quarter. Legacy owns 11,281 shares.

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Investors are a little more bullish on shares of Portland General Electric Co if you take a look at the fall in short interest.

As of quarter end Seven Eight Capital, Lp had acquired a total of 400 shares growing its holdings by 6.9%. Following the completion of the acquisition, the insider now directly owns 65,597 shares in the company, valued at approximately $1,675,347.38.

U S Global Investors Inc decreased Franco Nevada Corp (Call) (FNV) stake by 41.67% reported in 2017Q2 SEC filing. The shares were bought at an average cost of $25.56 per share, for a total transaction of $2,657,805.48. ITI's SI was 1.33M shares in October as released by FINRA. The disclosure for this purchase can be found here. About 883,431 shares traded. The firm has a market cap of $206.32 billion, a PE ratio of 29.03 and a beta of 1.19.

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The analysts offering 12 month price targets for Portland General Electric Company have a median target of $43.5, with a high estimate of $48 and a low estimate of $35. The 50 day moving average went down by -2.869% and the 200 day average went down by -2.047%. First Merchants has 0.3% invested in General Electric Company (NYSE:GE).

3 number of analysts have estimated the sales of the company for the quarter ending Oct 20, 2017, analysts estimated mean sale target of 30444.7 million while high and low sale targets are estimated at 30525 million and 30338.8 million respectively. During the same period a year ago, the business posted $0.32 earnings per share. On average, equities analysts forecast that General Electric Company will post $1.53 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. The dividend was $0.340 per share for the quarter which is $1.36 annualized.

Among 4 analysts covering Concordia Healthcare Corp (TSE:CXR), 0 have Buy rating, 3 Sell and 1 Hold. The ex-dividend date is Thursday, December 22nd.

Schnieders Capital Management Llc decreased General Electric Co (GE) stake by 22.26% reported in 2017Q2 SEC filing. BidaskClub downgraded General Electric from a "sell" rating to a "strong sell" rating in a report on Wednesday, June 28th. The stock of General Electric Company (NYSE:GE) has "Hold" rating given on Monday, July 24 by Oppenheimer.

General Electric Co on Friday reported a 10 per cent drop in third quarter profit to $1.8 billion, from $1.99 billion in the same period previous year, and almost half the level that analysts expected. Finally, Goldman Sachs Group, Inc. The stock of General Electric Company (NYSE:GE) earned "Hold" rating by Cowen & Co on Monday, July 17. On Friday, August 4 the stock rating was maintained by Wells Fargo with "Hold".

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