Could Portland General Electric Company (POR) Go Down After Achieving All-Time High?

Andrew Cummings
November 14, 2017

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Portland General Electric by 52.9% during the 2nd quarter.

General Electric Company is a global digital industrial company. Finally, Franklin Resources Inc. raised its stake in shares of General Electric by 43.8% in the second quarter. Hollencrest Securities LLC now owns 117,161 shares of the company's stock worth $3,470,000 after buying an additional 6,119 shares in the last quarter. Moreover, Edmp Inc. has 3.7% invested in the company for 121,086 shares. Doukeris, now chief sales officer of AB InBev, will succeed João Castro Neves, who made a decision to step down from the role to pursue other opportunities, the company said. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.86 and a quick ratio of 1.53. Peak Financial Management Inc. now owns 9,284 shares of the conglomerate's stock valued at $251,000 after purchasing an additional 25 shares in the last quarter. Finally, Patten & Patten Inc. Huntington National Bank now owns 2,809 shares of the company's stock worth $128,000 after purchasing an additional 34 shares in the last quarter. General Electric Company has $67 highest and $17 lowest target. Baker Hughes is majority-owned by GE and was only formed past year by combining the two companies' oil and gas businesses. Renaissance Technologies Ltd Liability Company accumulated 0.07% or 1.20M shares. The company's P/E (price to earnings) ratio is 23.3 and Forward P/E ratio of 17.47.

General Electric (NYSE GE) traded up $0.50 during mid-day trading on Thursday, reaching $20.49.

But investors have suspected a dividend cut was on the horizon after General Electric's third quarter earnings missed the mark.

Investors welcomed the latest results of Tyson Foods as the United States meat company reported quarterly profit and sales that exceeded expectations, bolstered by its beef, pork and chicken businesses.

In case of Revenue Estimates, 11 analysts have provided their consensus Average Revenue Estimates for General Electric Company as 35.66 Billion. Portland General Electric had a return on equity of 8.65% and a net margin of 10.21%. During the same quarter in the previous year, the business earned $0.32 EPS.

In October GE posted disappointing earnings per share of 29 cents, while analysts polled by Reuters expected a profit of 49 cents a share.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Private Capital invested in 0.17% or 19,800 shares. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.69%.

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POR has been the subject of several research analyst reports. For the next 5 years, General Electric Company is expecting Growth of 9.32% per annum, whereas in the past 5 years the growth was -5.02% per annum. It turned negative, as 85 investors sold General Electric Company shares while 816 reduced holdings. Vetr raised shares of General Electric from a "hold" rating to a "buy" rating and set a $32.83 price target for the company in a report on Wednesday. The stock of General Electric Company (NYSE:GE) has "Hold" rating given on Thursday, October 19 by Cowen & Co.

Traders rewarded GE initially, pushing its stock higher by as much as 1.6% in premarket trading on Monday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company.

When it comes to the Analysis of a Stock, Price Target plays a vital role. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,906 shares of the company's stock worth $178,000 after purchasing an additional 1,352 shares in the last quarter. Altrinsic Advsrs Llc stated it has 1.18 million shares or 1.16% of all its holdings.

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