GE Makes First Dividend Cut Since Depression

General Electric to slice up its empire

The General Electric Co. (GE) Stake Lowered by ELM Advisors LLC

The dividend cut is only GE's second since the Great Depression and continues new CEO John Flannery's push to aggressively confront the challenges facing the company.

More notable recent General Electric Company (NYSE:GE) news were published by: Forbes.com which released: "General Electric Company May Spin-Off Transportation Division" on November 01, 2017, also Cnbc.com with their article: "GE's energy business could soon look very different" published on November 13, 2017, Seekingalpha.com published: "GE: Jack Welch Returns, Maybe Better Than Ever" on November 13, 2017. The company has market cap of $5.55 billion. The stock declined 3.61% or $0.74 reaching $19.75 on the news. Lucas Capital Management now owns 95,340 shares of the conglomerate's stock valued at $2,575,000 after purchasing an additional 42,405 shares during the last quarter.

General Electric guided 2018 earnings before interest and taxes for its industrials business to $14 billion versus Goldman's $16 billion estimate. It has underperformed by 4.60% the S&P500.

Atwood & Palmer Inc increased its stake in Ebix Inc (EBIX) by 3.47% based on its latest 2017Q2 regulatory filing with the SEC.

Insider data can help an investor form an outlook on a stock, but it's important to supplement this data with other information such as technical indicators to form a more complete view. It closed at $1.62 lastly. Omega Healthcare Investors Inc (OHI) has risen 8.55% since November 13, 2016 and is uptrending. It has outperformed by 5.25% the S&P500.

Investors sentiment decreased to 0.79 in Q2 2017. Its down 0.03, from 0.82 in 2017Q1. 35 funds opened positions while 96 raised stakes. Hall Laurie J Trustee stated it has 314,021 shares or 0.01% of all its holdings. "The company, once a blue chip stock, is now a turnaround play", Forbes added.

Shares of General Electric are seeing follow-through selling on Tuesday, trading down 4.26% at $18.21 a piece. Wellington Mgmt Grp Inc Ltd Liability Partnership holds 0.33% in General Electric Company (NYSE:GE) or 51.36 million shares. Kessler Gp Lc has invested 2.87% of its portfolio in General Electric Company (NYSE:GE). General Electric's payout ratio is presently 111.63%. Moreover, 13D Management Llc has 4.94% invested in the company for 208,230 shares. Legal & General Gru Public Ltd has 44,190 shares for 0% of their portfolio. Confluence Wealth Mngmt Limited Co has invested 0.17% in General Electric Company (NYSE:GE). Cypress Capital Group, a Florida-based fund reported 167,010 shares. California Pub Employees Retirement has invested 0.9% in General Electric Company (NYSE:GE). Six investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Portland General Electric had 14 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has "Buy" rating by Citigroup on Thursday, January 21. RBC Capital Markets maintained General Electric Company (NYSE:GE) rating on Monday, July 10. Craig Hallum maintained it with "Buy" rating and $87.0 target in Thursday, November 9 report. JP Morgan has "Underweight" rating and $17 target. The rating was maintained by Credit Suisse with "Buy" on Wednesday, April 12. The stock of General Electric Company (NYSE:GE) has "Sell" rating given on Friday, July 22 by Standpoint Research.

Three weeks after General Electric new chief executive said it needed to make "some major changes with urgency", the engineering conglomerate has done just that. The shares were bought at an average price of $29.24 per share, with a total value of $1,462,000.00.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. More interesting news about QuickLogic Corporation (NASDAQ:QUIK) were released by: Globenewswire.com and their article: "QuickLogic Partners with AcconSys to Expand eFPGA Design Activity in China" published on October 11, 2017 as well as Seekingalpha.com's news article titled: "QuickLogic Corporation (QUIK) CEO Brian Faith Q3 2017 Results - Earnings Call ..." with publication date: November 09, 2017.

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