General Electric (GE) Receives Daily News Impact Score of 0.13

Press coverage about General Electric (NYSE:GE) has trended somewhat positive recently, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. General Electric earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the conglomerate an impact score of 45.7152204473612 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

• General Electric Stuck in Role as DJIA’s Worst Stock of 2017 (feedproxy.google.com)
• GE to supply turbines for Australia’s largest wind farm – Seeking Alpha (seekingalpha.com)
• Warren Buffett Ditched General Electric Company (GE) Stock and So Should You – Yahoo Finance (finance.yahoo.com)
• General Electric Company (GE) Stock Is Still the Same Old Trick – Investorplace.com (investorplace.com)
• Global Smart Lighting and Control Systems Market 2017 – General Electric Company, Koninklijke Philips NV, Belkin International (sbwire.com)

General Electric (NYSE GE) traded down 0.81% on Friday, hitting $24.55. 34,273,076 shares of the company were exchanged. The firm has a 50 day moving average of $25.95 and a 200-day moving average of $28.34. The stock has a market cap of $212.55 billion, a PE ratio of 29.90 and a beta of 1.21. General Electric has a 52-week low of $24.44 and a 52-week high of $32.38.

General Electric (NYSE:GE) last posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $29.56 billion for the quarter, compared to analysts’ expectations of $29.07 billion. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The firm’s quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. On average, equities analysts expect that General Electric will post $1.57 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Monday, June 19th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, June 15th. This represents a $0.96 annualized dividend and a yield of 3.91%. General Electric’s payout ratio is 118.52%.

Several brokerages have recently commented on GE. TheStreet lowered shares of General Electric from a “b-” rating to a “c” rating in a report on Friday, May 19th. Morgan Stanley restated an “equal weight” rating and issued a $27.00 price objective on shares of General Electric in a report on Monday, July 17th. Stifel Nicolaus reiterated a “buy” rating on shares of General Electric in a report on Wednesday, June 14th. Zacks Investment Research lowered shares of General Electric from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Finally, Deutsche Bank AG lowered shares of General Electric from a “hold” rating to a “sell” rating and reduced their target price for the stock from $28.00 to $24.00 in a report on Friday, May 12th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. General Electric has an average rating of “Hold” and an average target price of $30.08.

In other General Electric news, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $25.65, for a total transaction of $633,375.45. Following the completion of the sale, the insider now owns 175,717 shares in the company, valued at $4,507,141.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO John Leonard Flannery bought 103,983 shares of the stock in a transaction on Tuesday, August 8th. The shares were acquired at an average price of $25.56 per share, with a total value of $2,657,805.48. Following the purchase, the chief executive officer now owns 509,430 shares of the company’s stock, valued at $13,021,030.80. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 133,253 shares of company stock valued at $3,404,264. 0.36% of the stock is owned by insiders.

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