Portland General Electric Company (NYSE:POR) Releases FY17 Earnings Guidance

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Portland General Electric Company (NYSE:POR) Releases FY17 Earnings Guidance

Its down 0.03, from 0.82 in 2017Q1.

Private Trust Co increased General Electric Co. 111 funds opened positions while 598 raised stakes.

526,572 were reported by First Lp. It also reduced Curtiss Wright Corp (NYSE:CW) stake by 35,220 shares and now owns 191,320 shares. General Electric Co now has $177.69 billion valuation. Loring Wolcott And Coolidge Fiduciary Limited Liability Partnership Ma has invested 0.57% in General Electric Company (NYSE:GE). Portland General Electric had a net margin of 10.21% and a return on equity of 8.65%. 8,660 are owned by Kopp Inv Advsrs Ltd Limited Liability Company. The stock of General Electric Company (NYSE:GE) has "Hold" rating given on Thursday, October 19 by Cowen & Co. Ssi Investment Incorporated has invested 0.07% in General Electric Company (NYSE:GE). Unlike Amazon, whose stock jumped 57% in the past year, GE isn't considered a growing company - if anything, it is shrinking.

Shares of Tyson traded 1 percent stronger as of 11.27am in NY. Staley Cap Advisers accumulated 0.09% or 39,763 shares.

General Electric slashed its dividend in half and will attempt to vastly narrow its focus to three key sectors - aviation, health care and energy - as the conglomerate with early ties to Thomas Edison considers shedding even its historic lighting business. Peak Financial Management Inc. boosted its stake in shares of General Electric by 0.3% during the second quarter.

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. This technical setup was reported by Barchart.com. If the $17.75 price target is reached, the company will be worth $15.23 billion less. This trading sentiment put the stock on Active spotlight. The company's stock had a trading volume of 475,600 shares, compared to its average volume of 1,201,719. It has underperformed by 4.16% the S&P500.

Taurus Asset Management Llc decreased its stake in General Electric Co (GE) by 6.82% based on its latest 2017Q2 regulatory filing with the SEC. POR's profit will be $58.02 million for 18.74 P/E if the $0.65 EPS becomes a reality. After $0.29 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.

"Many investors own GE for the dividend, so it's disappointing, but it's also not very surprising that they had to cut", said Allianz Global Investor's Burns McKinney in a email Monday, as the company's share price slid 7.2%. Therefore 14% are positive.

COPYRIGHT VIOLATION NOTICE: "Portland General Electric Company (NYSE:POR) Releases FY17 Earnings Guidance" was originally posted by Week Herald and is the property of of Week Herald. Finally, Bank of America Corporation started coverage on Portland General Electric in a research note on Tuesday, October 24th.

Though the Federal Reserve cut interest rates following the Financial Crisis in a bid to jump start the economy, US giants decided against investing research and development - and instead, rewarded their shareholders with dividends and stock buybacks. As per Tuesday, September 19, the company rating was maintained by Ladenburg. The rating was upgraded by RBC Capital Markets to "Best Ideas List" on Friday, October 16. Royal Bank Of Canada set a $25.00 target price on General Electric and gave the stock a "buy" rating in a report on Monday, October 23rd.

GE has been the topic of several other research reports. Wedbush maintained Diebold Nixdorf Inc (NYSE:DBD) on Thursday, February 4 with "Outperform" rating. The firm has "Underweight" rating by JP Morgan given on Wednesday, October 28.

Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon.

Dividends are a portion of earnings that some some companies pay out to shareholders for simply holding onto the stock. The Company's service area allocation of approximately 4,000 square miles is located entirely within OR and includes approximately 51 incorporated cities, of which Portland and Salem.

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