General Electric Company Common (NYSE:GE):
Mainstream Renewable Power y GE Energy Financial Services firman un acuerdo para desarrollar, construir y operar plantas de energÃa eÃ³lica en Vietnam.
The company is now up from yesterday’s close of $29.54.
The company also recently announced a dividend for shareholders paid on Monday July 25th, 2016. The dividend was $0.230 per share for the quarter or $0.92 on an annualized basis. The dividend yield was $3.08. The ex-dividend date was set for Thursday the 15th of September 2016.
Shares last traded at $29.88 just a bit lower than the 50 day moving average which is $30.72 and which is slightly below the 200 day moving average of $30.83. The 50 day moving average was down by -2.73% and the 200 day average went down $-0.95 or -3.09%.
The P/E ratio is currently 25.26 and market cap is 267.76B. As of the latest earnings report the EPS was $1.18 and is projected to be $1.51 for the current year with 8,961,233,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.48 with next year’s EPS projected to be $1.72.
A few Wall Street analysts have released ratings on GE of late. On July 26 Bernstein held the stock rating at “Buy” and moved up the price target to $36.00 from $34.00. Equity analyst Standpoint Research added GE to its research portfolio giving it an initial rating of “Sell”.
On June 7, 2016 Cowen & Company started covering GE with an initial rating of “Market Perform” and projecting a price target of $29.00. On April 4 the stock rating was downgraded to “Market Perform” from “Outperform” and a price target of $34.00 was set in an announcement from Bernstein.
Equity analyst Bernstein both downgraded the stock and raised the price target on April 4 changing the price objective from $33.00 to $34.00 and moving the rating from “Outperform” to “Market Perform”. On January 21 analysts at Citigroup starting coverage on GE with a rating of “Buy”.