Ownership Action Alert: Anti-General Electric Co Institutional Investors Sentiment Runs Low in Q2 2016

November 24, 2016 - By Ruchi Gupta   ·   0 Comments

Ownership Action Alert: Anti General Electric Co Institutional Investors Sentiment Runs Low in  Q2 2016

Sentiment for General Electric Co (NYSE:GE)

General Electric Co (NYSE:GE) institutional sentiment increased to 0.89 in 2016 Q2. Its up 0.07, from 0.82 in 2016Q1. The ratio has improved, as 740 investment professionals started new or increased equity positions, while 906 sold and decreased their stakes in General Electric Co. The investment professionals in our partner’s database now hold: 4.91 billion shares, down from 5.09 billion shares in 2016Q1. Also, the number of investment professionals holding General Electric Co in their top 10 equity positions decreased from 550 to 489 for a decrease of 61. Sold All: 70 Reduced: 836 Increased: 660 New Position: 80.

General Electric Company is a global digital industrial company. The company has a market cap of $280.03 billion. The Company’s services and products range from aircraft engines, power generation and gas and oil production equipment to medical imaging, financing and industrial products. It has a 30.82 P/E ratio.

The stock increased 0.43% or $0.14 on November 23, hitting $31.34. About 24.62 million shares traded hands. General Electric Company (NYSE:GE) has risen 1.89% since April 22, 2016 and is uptrending. It has underperformed by 3.52% the S&P500.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 20 before the open. They expect $0.46 earnings per share, down 11.54% or $0.06 from last year’s $0.52 per share. GE’s profit will be $4.11B for 17.03 P/E if the $0.46 EPS becomes a reality. After $0.32 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 43.75% EPS growth.

According to Zacks Investment Research, “General Electric Company operates as a technology and financial services company. Its segments include Energy Infrastructure, Aviation, Healthcare, Transportation, Home & Business Solutions and GE Capital. The company’s Energy Infrastructure segment offers wind turbines; gas and steam turbines and generators. Its Aviation segment offers jet engines, turboprop and turbo shaft engines, aerospace systems and equipment. Its Healthcare segment provides medical imaging and information technologies, medical diagnostics, patient monitoring systems. Its Transportation segment provides drive technology solutions to various industries. Its Home and Business Solutions segment provides home appliances; lighting products, plant automation, hardware, software, and embedded computing systems. Its GE Capital segment offers commercial loans and leases, fleet management, financial programs, credit cards, personal loans and other financial services. General Electric Company is headquartered in Fairfield, Connecticut.”

Trian Fund Management L.P. holds 22.42% of its portfolio in General Electric Company for 74.77 million shares. Trustco Bank Corp N Y owns 338,505 shares or 10.76% of their US portfolio. Moreover, Albion Financial Group Ut has 10.61% invested in the company for 1.87 million shares. The France-based Natixis Asset Management has invested 9.65% in the stock. Hall Laurie J Trustee, a Massachusetts-based fund reported 368,497 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 2 insider purchases, and 0 selling transactions for $3.03 million net activity.

General Electric Company (NYSE:GE) Ratings Coverage

Ratings analysis reveals 53% of General Electric Company’s analysts are positive. Out of 19 Wall Street analysts rating General Electric Company, 10 give it “Buy”, 2 “Sell” rating, while 7 recommend “Hold”. The lowest target is $25.84 while the high is $54. The stock’s average target of $31.68 is 1.08% above today’s ($31.34) share price. GE was included in 31 notes of analysts from July 21, 2015. The firm has “Market Perform” rating by Bernstein given on Tuesday, July 26. The company was maintained on Wednesday, October 14 by S&P Research. On Wednesday, October 14 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was downgraded by Bernstein on Monday, April 4 to “Market Perform”. As per Monday, September 21, the company rating was downgraded by Oppenheimer. As per Wednesday, December 23, the company rating was maintained by Argus Research. The stock has “Buy” rating given by on Monday, October 10. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Deutsche Bank on Tuesday, August 25. The firm has “Buy” rating given on Monday, October 19 by Stifel Nicolaus. Credit Suisse upgraded the shares of GE in a report on Wednesday, September 16 to “Focus List” rating.

GE Company Profile

General Electric Company (GE), incorporated on April 15, 1892, is a global digital industrial company. The Company’s services and products range from aircraft engines, power generation and gas and oil production equipment to medical imaging, financing and industrial products. The Company’s divisions include Power, Renewable Energy, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances & Lighting, and Capital.

More notable recent General Electric Company (NYSE:GE) news were published by: Wsj.com which released: “General Electric to Buy Two Tech Startups for Its Digital Business” on November 15, 2016, also Fool.com with their article: “How Will a Trump Presidency Affect General Electric?” published on November 22, 2016, Cnbc.com published: “General Electric to combine oil and gas operations with Baker Hughes” on October 31, 2016. More interesting news about General Electric Company (NYSE:GE) were released by: Wsj.com and their article: “General Electric Pursues Deal With Baker Hughes” published on October 27, 2016 as well as Investorplace.com‘s news article titled: “Ride the IoT Wave With General Electric Company (GE) Stock” with publication date: November 18, 2016.

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By Ruchi Gupta


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