General Electric Co Stock in 2016 Q4 Driven by Institutional Investors
- Author: Zachary Reyes Jun 03, 2017,
Jun 03, 2017, 0:22
While looking at the Stock's Performance, General Electric Company now shows a Weekly Performance of -3.18%, where Monthly Performance is -5.39%, Quarterly performance is -9.31%, 6 Months performance is -12.38% and yearly performance percentage is -9.43%. The Pinnacle Associates Ltd holds 1.19 million shares with $37.74M value, down from 1.21M last quarter. Procter & Gamble now has $225.50B valuation. Institutional investors own 54.68% of the company's stock. During the 52-week trading session the minimum price at which share price traded, registered at $10.67 and reached to max level of $14.04. It has underperformed by 16.70% the S&P500.
General Electric Company is a global digital industrial company. Neuberger Berman Gp Ltd accumulated 0.03% or 2.14 million shares.
Aviva Plc, which manages about $16.74B US Long portfolio, decreased its stake in Aflac Inc (NYSE:AFL) by 44,226 shares to 259,111 shares, valued at $18.04M in 2016Q4, according to the filing. Zacks Investment Research cut shares of General Electric Company from a "hold" rating to a "sell" rating in a report on Tuesday, March 7th. Northwest Quadrant Wealth Management LLC bought a new stake in General Electric Company during the fourth quarter valued at $177,000. It is down 0.00% since June 2, 2016 and is. It has underperformed by 1.13% the S&P500.
General Electric Company (GE) reported earning per shares for the quarter ending April 21 BMO, whereas, 14 number of analysts estimated the mean EPS at 0.25. Therefore 0 are positive. The company is set at a mean analysts' recommendation of 2.40. The rating was downgraded by Goldman Sachs to "Sell" on Monday, June 6. Bernstein raised its rating on General Electric Company to Outperform on 16/12/2016 in a reversal from its prior Mkt Perform rating. The company was upgraded on Friday, February 26 by Raymond James.
Investors sentiment decreased to 0.82 in 2016 Q4. Its up 0.50, from 0.72 in 2016Q3.
A number of other hedge funds and other institutional investors have also made changes to their positions in GE. Eaton Vance Mgmt reported 1.68% stake. California State Teachers Retirement Systems has 1.26% invested in General Electric Company (NYSE:GE) for 19.65 million shares. Empirical Finance LLC purchased a new position in shares of General Electric Company during the fourth quarter worth about $140,000. Metropolitan Life Insur Co holds 212,618 shares or 1.15% of its portfolio. Huber Lc reported 576,594 shares. RBC Capital Markets maintained the shares of EMP.A in report on Friday, September 9 with "Sector Perform" rating. Williams Jones Limited Liability holds 891,960 shares. Hills Bank & Trust Co.'s holdings in General Electric Company were worth $1,363,000 as of its most recent SEC filing. Wealthtrust Fairport Limited Liability invested in 0.33% or 87,128 shares. Amalgamated Bancshares invested in 679,485 shares or 0.97% of the stock. Capital Rech Glob holds 75.87 million shares or 0.78% of its portfolio. Portland General Electric Company's dividend payout ratio is presently 62.44%. The company had revenue of $27.66 billion during the quarter, compared to the consensus estimate of $26.37 billion. The Company's service area allocation of approximately 4,000 square miles is located entirely within OR and includes approximately 51 incorporated cities, of which Portland and Salem.
General Motors Company (GM) now has P/E (Price to Earnings) ratio of 5.19 while the company's industry has 18.7 P/E and the sector P/E is 21.21. It has five natural gas-fired generating facilities, which include Port Westward Unit 1, Port Westward Unit 2 (PW2), Beaver natural gas-fired generating plant (Beaver), Coyote Springs Unit 1 (Coyote Springs) and Carty natural gas-fired generating plant (Carty).
Since January 1, 0001, it had 5 insider purchases, and 1 insider sale for $1.20 million activity. Shares for $135,030 were sold by Henderson Campbell A. BofA/Merrill had a markedly different take on 25/04/2017, proposing that General Electric Company is now considered Neutral versus prior Buy rating. Beattie William G bought $110,800 worth of General Electric Company (NYSE:GE) on Wednesday, May 17. The company's stock has a normal trading capacity of 31.63M shares while the relative volume is 1.02. Ramsay Stattman Vela And Price owns 20,578 shares. Francescas Holdings (NASDAQ:FRAN) was raised too. For now, General Electric Company is the toast of Wall Street as its ABR stands at 2.30 with 5 out of 17 analysts rating the stock a buy. GE was included in 41 notes of analysts from July 21, 2015. The stock of Gartner Inc (NYSE:IT) earned "Outperform" rating by RBC Capital Markets on Friday, January 6. As per Tuesday, June 7, the company rating was initiated by Cowen & Co. The rating was upgraded by TheStreet on Tuesday, July 21 to "Buy". Argus Research maintained General Electric Company (NYSE:GE) on Wednesday, December 23 with "Buy" rating. As per Wednesday, October 14, the company rating was maintained by S&P Research.