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Market Update (NYSE:GE): GE Power and Partners Convened Future of Electricity Summit in New Delhi, India

[Business Wire] – NEW DELHI–(BUSINESSWIRE)– GE ( NYSE:GE – News), in partnership with Mint and Hindustan Times, yesterday convened distinguished members from the government of India, policy leaders and industry experts to discuss the country’s evolving electricity landscape and explore pathways towards a modern, affordable, reliable and sustainable energy future. Among the most prominent topics of discussion were energy efficiency and digital solutions for India, which were shown to have the potential to drive enormous value across the entire electricity value chain. Mr. Piyush Goyal, Hon’ble Minister for Power, Coal and New and Renewable Energy, Government of India said, “The Future of Electricity in India depends on affordability, sustainability and energy security. Read more on this. General Electric Company (GE) , currently valued at $280.65B, ended trading yesterday at $30.48. Today’s price range has been between $30.52 and $30.52 per share with a trailing 52-week range being $19.37 to $32.05. GE shares are currently priced at 20.19x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.50x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.92 per share annually in dividends, yielding 3.05%. According to a consensus of 12 analysts, the earnings estimate of $0.46 per share would be $0.15 better than the year-ago quarter and a $0.18 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $1.51, which would be a $0.20 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $30.69 Billion. If reported, that would be a 3.47% increase over the year-ago quarter. In terms of ratings, Bernstein downgraded GE from Outperform to Mkt Perform (Apr 4, 2016). Previously, UBS Initiated GE at to Buy. Investors should keep in mind is that the average price target is $33.23, which is 9.02% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Market Update (NYSE:GE): Competitive Power Ventures and GE Energy Financial Services Close Financing on 785MW CPV Towantic Energy Center in Oxford, Connecticut Stock Update (NYSE:GE): Demand for Fast Power Heats Up in the Saudi Desert: Saudi Electricity Company Orders Six More GE Gas Turbines Market Update (NYSE:GE): Combination of GE and Alstom Technology Proves Powerful: Pakistan Advances with Third High-Efficiency HA Gas Power Plant
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