Avoid General Electric (GE) Amid Depressed Stock and Dividend Growth Performance
Taking notice on volatility measures, price volatility of stock was 1.14% for a week and 1.32% for a month.
A number of other hedge funds have also recently added to or reduced their stakes in GE. EMR rose 0.2%, climbed 1.9% and advanced 15.78% in the week, one month and six months, respectively. A month ago, analyst EPS consensus estimated earnings of US$0.54 per share. Linscomb & Williams Inc. now owns 276,889 shares of the company's stock valued at $8,750,000 after buying an additional 1,651 shares during the period.
Emerson Electric Company had its " rating reiterated by analysts at Stifel Nicolaus. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $28.00 price target on shares of General Electric Company in a research note on Thursday, January 5th. New Harbor Financial Group LLC boosted its position in General Electric Company by 46.0% in the third quarter.
Among analysts who offered their Analysis on American Electric Power Co., Inc. This appreciation has taken its price 27.87% above the 52-week low. The stock traded at a volume of 2.75 million shares. NB CA boosted its position in shares of General Electric Company by 17.1% in the second quarter. The stock dropped -0.88% the day following the earnings data was made public, and on 7th day price change was -1.67%. The firm has a market cap of $1.31 billion and a price-to-earnings ratio of 35.49. The recent trading ended with the price almost 0.18 higher for the last 5 trading days, rebounding 23.89% from its 52-week low. The company beat the analyst EPS Estimate with the difference of $0. American Electric Power Company had a return on equity of 10.87% and a net margin of 3.74%.
How Emerson Electric Co. tops analyst's views after bullish guidance? . The company's revenue for the quarter was down 2.4% on a year-over-year basis. The business's revenue for the quarter was up 5.6% on a year-over-year basis.
Analyst recommendation for this stock stands at 3.00. Emerson Electric Company's payout ratio is 77.73%.
Several research analysts recently weighed in on AEP shares. RBC Capital Markets reissued an "outperform" rating and issued a $37.00 price target on shares of General Electric Company in a research report on Monday. 20 Analysts reported that the Price Target for Emerson Electric Co. might touch $70 high while the Average Price Target and Low price Target is $60.3 and $44 respectively. They noted that the move was a valuation call. Northcoast Research restated a "neutral" rating on shares of GMS in a research report on Wednesday, November 30th. Finally, Zacks Investment Research cut Emerson Electric Company from a "buy" rating to a "hold" rating in a research report on Tuesday, February 28th. The stock price recently experienced a 5-day loss of -1.09% with 0.75 average true range (ATR).
In other General Electric Company news, Vice Chairman David Leon Joyce sold 159,662 shares of the company's stock in a transaction dated Friday, February 3rd.
The Average Volume of the company is 2.72 Million, while the Relative Volume of the company is 1.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.79% of the company's stock. Substantially all of the operating revenues of AEP and its subsidiaries are derived from the furnishing of electric service. The Company's segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.
Want to see what other hedge funds are holding AEP?
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