Stanford Investment Group Inc. Decreases Position in General Electric Company (GE)
- Author: Zachary Reyes Mar 02, 2017,
Mar 02, 2017, 5:59
Cipher Capital LP's holdings in Portland General Electric Company were worth $2,714,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in GE. Rothschild Investment Corp IL now owns 504,506 shares of the company's stock valued at $14,943,000 after buying an additional 22,344 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its position in shares of General Electric Company by 0.4% in the third quarter. The stock remained 1.33% volatile for the week and 1.49% for the month. Strs Ohio increased its position in shares of Portland General Electric Company by 9.0% in the second quarter. The companys revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.52 EPS.
Portland General Electric Company was upgraded to "neutral" by analysts at JP Morgan. Blue Bell Private Wealth Management LLC now owns 13,809 shares of the company's stock valued at $410,000 after buying an additional 58 shares during the last quarter. Finally, Essex Financial Services Inc. increased its position in General Electric Company by 1.4% in the fourth quarter. Financial Management Professionals Inc. now owns 8,721 shares of the company's stock valued at $274,000 after buying an additional 46 shares during the last quarter. Institutional investors and hedge funds own 54.68% of the company's stock. We in no way are suggesting that readers make any decision on Emerson Electric Company (NYSE:EMR) based on the information in this report. Portland General Electric Company has a 1-year low of $37.04 and a 1-year high of $45.21. The stock's market capitalization is 4.03B. The company has a 50 day moving average price of $30.27 and a 200-day moving average price of $30.41.
Emerson Electric Company (NYSE:EMR) last issued its quarterly earnings results on Tuesday, February 7th. For the Q4 this year, the consensus current earnings per share trend estimates were for $0.57 while for one month ago was $0.54. The company earned $29.30 billion during the quarter, compared to analysts' expectations of $29.64 billion. Guggenheim assumed coverage on shares of Portland General Electric Company in a research report on Thursday, November 3rd.
11/22/2016 - Portland General Electric Company was downgraded to "underperform" by analysts at Bank of America Merrill Lynch.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Friday, February 17th will be given a $0.48 dividend. The ex-dividend date is Thursday, February 23rd. This represents a $1.92 annualized dividend and a yield of 3.19%. The last quarter cash dividend per share pay out was $0.24.
This piece was originally reported by [[site]] and is the sole property of of [[site]]. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of USA and worldwide trademark and copyright laws. The correct version of this news story can be read at https://www.chaffeybreeze.com/2017/03/01/stanford-investment-group-inc-decreases-position-in-general-electric-company-ge.html. The 19 analysts gave Hold ratings in recent rating. West Coast Financial LLC increased its position in shares of Portland General Electric Company by 0.4% in the second quarter. General Electric Company's dividend payout ratio is presently 83.48%.
The share price of Portland General Electric Company (NYSE:POR) was unchanged +0.00% during the last day of trading, with a day high of 0.00. Beta factor is used to measure the volatility of the stock. The company now has a consensus rating of "Buy" and an average target price of $33.45. Stock exchanged hands with the total volume of 4.20 Million shares, as contrast to its average volume of 4.62 Million shares. Following the completion of the transaction, the insider now directly owns 68,757 shares in the company, valued at approximately $2,037,269.91. Also, insider Jeffrey S. Bornstein purchased 5,000 shares of the business's stock in a transaction on Tuesday, January 31st. The shares were sold at an average price of $63.31, for a total value of $496,287.09. Following the transaction, the insider now owns 738,907 shares in the company, valued at $21,842,090.92. The disclosure for this sale can be found here.