Wade GW & INC Decreased Its General Electric Co (GE) Stake

GE Power continues to address problems

Shares traded up more than 6% in Friday's premarket session, at $14.85 in a 52-week range of $12.73 to $30.38. Honeywell International Inc. (NYSE:HON) has risen 15.94% since April 21, 2017 and is uptrending. It has underperformed by 37.53% the S&P500.

Jane Street Group LLC boosted its holdings in Portland General Electric (NYSE:POR) by 67.1% in the fourth quarter, according to its most recent filing with the SEC. Aviance Cap Partners Limited Liability has invested 0.14% in General Electric Company (NYSE:GE). The conglomerate reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.05. General Electric Co now has $121.48 billion valuation.

CEO John Flannery and CFO Jamie Miller strike a confident in General Electric's (GE +4.1%) earnings conference call, talking about "a new way to run the company", an "enhanced" approach and "green shoots", after reporting better than expected Q1 results. The stock was acquired at an average price of $16.16 per share, for a total transaction of $43,454.24. On Tuesday, February 20 Bank of America maintained Portland General Electric Company (NYSE:POR) rating. GE underperformed the S&P500 by 65.90%. Finally, Vertical Research set a $18.00 price objective on shares of General Electric and gave the company a "hold" rating in a research report on Tuesday, January 16th. Therefore 81% are positive. General Electric Company had 99 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse has "Buy" rating and $34 target. On Monday, October 30 JP Morgan maintained Portland General Electric Company (NYSE:POR) with "Neutral" rating. Vetr downgraded it to "Hold" rating and $25.84 target in Tuesday, September 22 report. The rating was maintained by Tigress Financial with "Hold" on Thursday, January 4. The company was maintained on Tuesday, March 27 by JP Morgan. Goldman Sachs downgraded the stock to "Neutral" rating in Monday, July 24 report. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock.

Since January 26, 2018, it had 1 buying transaction, and 0 insider sales for $43,446 activity.

Big Money Sentiment decreased to 0.5 in 2017 Q4. It's down -0.22, from 0.96 in 2017Q3. It dived, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. Virtus Investment Advisers reported 0.2% of its portfolio in General Electric Company (NYSE:GE). California Public Employees Retirement System now owns 181,813 shares of the utilities provider's stock valued at $8,298,000 after acquiring an additional 12,913 shares during the last quarter. Hm Cap Mngmt Limited Liability Company has 0.23% invested in General Electric Company (NYSE:GE) for 16,399 shares. Blackrock holds 0.44% of its portfolio in General Electric Company (NYSE:GE) for 531.73M shares. Tdam Usa accumulated 464,641 shares. Nine Masts Cap Limited holds 114,100 shares. Moreover, Berkshire Asset Mngmt Limited Liability Com Pa has 1.7% invested in General Electric Company (NYSE:GE) for 1.01M shares. On Thursday, February 15 Stifel Nicolaus maintained General Electric Company (NYSE:GE) rating. (NYSE:HON). Fairfield Bush stated it has 8,416 shares. Triangle Wealth Mgmt invested in 39,795 shares or 0.4% of the stock. General Electric presently has a consensus rating of "Hold" and an average target price of $17.86. Therefore 38% are positive.

"This news alone should fuel a relief rally", Deane Dray, analyst at RBC Capital Markets, wrote in a research note. The rating was maintained by S&P Research with "Buy" on Wednesday, October 14. The firm has "Hold" rating by HSBC given on Thursday, May 25. The firm earned "Buy" rating on Monday, October 23 by RBC Capital Markets. The firm has a market capitalization of $245.50 billion, a price-to-earnings ratio of 28.79 and a beta of 1.20. Citigroup maintained it with "Buy" rating and $32 target in Friday, March 11 report. The rating was maintained by Cowen & Co with "Hold" on Monday, July 17. (NYSE:TV) on Monday, December 4 to "Hold" rating.

Independent Order Of Foresters increased Hcp Inc. GE still owns a majority stake in the combined company. It turned negative, as 42 investors sold HON shares while 490 reduced holdings. 71 funds opened positions while 272 raised stakes. Boyar Asset Mgmt holds 21,869 shares or 0.27% of its portfolio. In the same period a year ago, GE reported adjusted EPS of $0.14 on revenues of $26.88 billion. It expects adjusted earnings of US$1.00 to US$1.07 a share, which also excludes restructuring costs, and adjusted industrial free cash flow of between US$6 billion and US$7 billion.

Related:

Comments


Other news