Insider Trading at General Electric Company?

Postado Agosto 13, 2017

PHH Investments Ltd. raised its position in General Electric by 105.0% in the first quarter. General Electric comprises 3.8% of Guardian Investment Management's holdings, making the stock its 7th largest position. Cape Cod Five Cents Savings Bank's holdings in General Electric were worth $9,996,000 as of its most recent filing with the SEC. Teachers Advisors LLC raised its position in shares of General Electric by 16.5% in the fourth quarter. The firm owned 668,805 shares of the conglomerate's stock after buying an additional 11,941 shares during the period. Country Trust Bank increased its stake in General Electric by 0.9% in the first quarter. Whittier Trust Co. now owns 39,281 shares of the utilities provider's stock worth $1,794,000 after buying an additional 1,045 shares in the last quarter. Blue Fin Capital Inc. increased its stake in General Electric by 0.3% in the first quarter. Truepoint Inc. now owns 46,690 shares of the conglomerate's stock worth $1,391,000 after buying an additional 2,000 shares during the last quarter. BerganKDV Wealth Management LLC now owns 11,804 shares of the conglomerate's stock valued at $319,000 after buying an additional 36 shares during the last quarter. Candriam Luxembourg S.C.A. now owns 2,151,496 shares of the conglomerate's stock worth $64,118,000 after buying an additional 1,234,776 shares during the last quarter. Citigroup reissued a buy recommendation and gave a $34.00 price target (down from $36.00) on stocks of General Electric in a study report on early Mon, Jul 10th. crowd sourced stock rating company Vetr boosted General Electric from a buy recommendation to a strong-buy recommendation and fixed a $30.48 PT on the shares in a study report on early Mon, Jul 10th.

Yesterday Portland General Electric Company (NYSE:POR) traded -1.21% lower at $44.87. The stock had a trading volume of 19,217,278 shares. The firm has a 50 day moving average price of $26.28 and a 200-day moving average price of $28.52. The firm has a market capitalization of $218.18 billion, a P/E ratio of 30.69 and a beta of 1.21.

Portland General Electric (NYSE:POR) last posted its quarterly earnings results on Friday, July 28th.

"Q2 Earnings Per Share were a $0.03 headline beat, from non-operating pluses (tax; restructuring; corporate costs), with very soft Industrial FCF that now requires a huge H2 to hit.", Cowen and Company's expert wrote. Portland General Electric had a return on equity of 8.48% and a net margin of 10.06%. The business had revenue of $29.56 billion during the quarter, compared to the consensus estimate of $29.07 billion. Analysts expect next quarter's EPS to be $0.57 with next year's EPS anticipated to be $1.70. The business's quarterly revenue was down 11.8% compared to the same quarter past year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Monday, June 19th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.81%. General Electric's payout ratio is 118.52%.

COPYRIGHT VIOLATION WARNING: This story was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece of content on another domain, it was stolen and reposted in violation of United States & worldwide trademark & copyright laws. The correct version of this report can be accessed at https://rinconhillneighbors.org/2017/08/12/huntington-national-bank-has-128000-stake-in-portland-general-electric-company-por-updated.html. Stifel Nicolaus restated a "buy" rating on shares of General Electric in a research report on Wednesday, June 14th. Morgan Stanley reaffirmed an equal weight recommendation and given a $27.00 price objective on the stock of General Electric in a study report on early Mon, Jul 17th. Finally, Goldman Sachs Group, Inc. (The) set a $29.00 price objective on General Electric and gave the stock a "neutral" rating in a research report on Friday, July 7th. General Electric now has an average rating of "Hold" and an average price target of $30.08. Williams Capital lowered shares of Portland General Electric from a "hold" rating to a "sell" rating and reduced their price objective for the company from $44.00 to $41.00 in a report on Monday, July 24th. The shares were purchased at an average price of $28.07 per share, with a total value of $2,807,000.00. Following the completion of the transaction, the chairman now directly owns 2,561,926 shares of the company's stock, valued at approximately $71,913,262.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

In related news, VP Campbell A. Henderson sold 3,000 shares of the firm's stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $45.10, for a total value of $270,600.00. Following the transaction, the chief executive officer now directly owns 509,430 shares of the company's stock, valued at $13,021,030.80. The disclosure for this purchase can be found here. Insiders acquired 253,253 shares of company stock worth $6,770,864 in the last 90 days. As of December 31, 2016, the Company owned and operated two wind farms, Biglow Canyon Wind Farm (Biglow Canyon) and Tucannon River Wind Farm (Tucannon River).