General Electric reports 2nd-quarter loss of $1.36 billion

The stock was purchased at an average cost of $27.22 per share, with a total value of $190,540.00.

General Electric Company (NYSE:GE): On Thursday heightened volatility was witnessed in General Electric Company (NYSE:GE) which led to swings in the share price.

General Electric Company (NYSE:GE) is a diversified technology and financial services company. Results were really thought out down by bill regarding GE’s large pullback of its monetary solutions corporations previewed in April.

Most recently Portland General Electric Company reported actual earnings of $0.62 per share for the quarter ending on 2015-03-31. Research Analysts at Zacks have ranked the company at 4, suggesting the traders with a rating of sell for the short term. Backlog rose 8 percent to $272 billion. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. Stockholders of record on Monday, June 22nd will be given a dividend of $0.23 per share. Barclays maintains an Overweight rating and $33.00 price target, while RBC Capital rates the stock an Outperform, with a $30.00 price target.

Crude’s price slump hit the company, as profit in its oil & gas business slipped 12% to $583 million. The California-based fund Hoertkorn Richard Charles is also positive about the stock, possessing 373,265 shares or 5.94% of their fund’s portfolio. In the statement by the brokerage house, JP Morgan downgrades its outlook on Portland General Electric Company (NYSE:POR). As we can see in the relative strength chart below, the stock has gained 5.94%, against a 2.35% gain registered by the S&P500 Index, since the beginning of the year. The 52-week high of the share price is $28.68 and the company has a market cap of $269,733 million. Investors are focused even more greatly on the conglomerate’s industrial businesses as GE backs away from financial services. As of December 31, 2009, the Company served a total of 815,739 retail customers.

Sales of GE’s potential and drinking water item, that will presents a range of potential motors, roze wijn 10 percent, while you are its gas and oil arc saw commissions reduction 15 percent. In April 2014, the Companys GE Healthcare acquired CHCA Computer Systems Inc., operating room (OR) management and analytics solutions provider.