GE CEO says company will continue, but will 'look different'

Andrew Cummings
January 26, 2018

The Crossvault Capital Management Llc holds 13,764 shares with $333,000 value, down from 41,364 last quarter. General Electric Co now has $142.57B valuation. The stock increased 4.45% or $0.72 during the last trading session, reaching $16.89. 134,187,297 shares of the company's stock traded hands, compared to its average volume of 118,120,758. It has underperformed by 4.60% the S&P500.

Flushing Financial Corporation operates as the bank holding firm for Flushing Bank that provides banking services and products primarily to consumers, businesses, and governmental units. Oceanic Investment Management Ltd who had been investing in Dorian Lpg Ltd for a number of months, seems to be bullish on the $424.39M market cap company. The firm offers various deposit products, including checking and savings accounts, money market accounts, demand accounts, NOW accounts, and certificates of deposit. It has a 19.96 P/E ratio.

Amalgamated Comml Bank stated it has 11,146 shares. Investors of record on Wednesday, December 27th will be issued a dividend of $0.12 per share. Its down 0.20, from 1.38 in 2017Q2.


A number of other hedge funds have also recently added to or reduced their stakes in GE. Hall Laurie J Trustee reported 304,021 shares stake. Cypress Asset Mngmt Inc Tx holds 1.63% or 312,725 shares in its portfolio.

The news rattled investors, who had thought the new executive leadership team at GE had uncovered major problems amid the much-anticipated November 2017 turnaround plan. Fund holds 122,748 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Portland General Electric Company (NYSE:POR) for 3,906 shares. The Stock has YTD (year to date) performance of -5.79 percent. Jacobs & Ca has invested 1.24% in General Electric Company (NYSE:GE).

USA securities regulators are investigating General Electric over a hefty charge in its insurance business that contributed to a fourth-quarter loss, the company said today. Seizert Prns Ltd Liability reported 508,845 shares or 1.36% of all its holdings.


On a per-share basis, GE reported a loss from continuing operations of $1.15, compared with a profit of 39 cents per share, according to Reuters. Carnegie Cap Asset Mgmt Lc invested in 0.36% or 135,181 shares. Smithfield Trust accumulated 5,227 shares. Btr holds 259,768 shares. Brinker holds 0.05% or 24,126 shares in its portfolio.

GE kept unchanged its recent forecast for 2018 earnings of between $1.00 and $1.07 a share, which contrasts markedly with the $2 a share that Immelt had promised before being replaced as CEO in August. $2.66 million worth of General Electric Company (NYSE:GE) was bought by Flannery John Leonard on Tuesday, August 8. Franklin Resources Inc. now owns 78,024,403 shares of the conglomerate's stock worth $2,107,438,000 after acquiring an additional 23,764,129 shares in the last quarter. Its down 25.16% from 354,600 shares previously. This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell. Therefore 13% are positive. Timber Creek Capital Management Llc acquired 130,455 shares as General Electric Co Com (GE)'s stock declined 7.64%. They now have $17.00 target price on the conglomerate's stock. Argus dropped their price target on shares of General Electric from $30.00 to $27.00 and set a "buy" rating on the stock in a research note on Monday, September 18th. (NYSE:SHOP) on Monday, October 17 with "Neutral" rating. The firm earned "Hold" rating on Tuesday, August 25 by Deutsche Bank. Oppenheimer downgraded General Electric Company (NYSE:GE) on Tuesday, October 24 to "Underperform" rating. Also, Director Francisco Dsouza bought 55,000 shares of the firm's stock in a transaction on Monday, November 20th. The stock's 52-week range is $15.80 to $30.59, and the 12-month consensus price target is $20.71. About 585,675 shares traded. FirstEnergy Corp. (NYSE:FE) for the trailing twelve months paying dividend with the payout ratio of 0.00% to its shareholders. It has outperformed by 225.50% the S&P500. Over the past year Company's shares have been trading in the range of $27.93 and $35.22.

For the current quarter, 7 analysts are projecting a mean EPS of $0.17/share. Ngam Advsr Lp owns 20,767 shares or 0.01% of their U.S. portfolio. Peddock Limited Liability Co reported 15,164 shares. The price to sale ratio was 0.64.


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