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Investors Buy General Electric (GE) on Weakness

09 December 2017

Several hedge funds have recently made changes to their positions in the company. They expect $0.28 EPS, down 39.13% or $0.18 from last year's $0.46 per share. Omnia Family Wealth LLC's holdings in American Electric Power Company were worth $262,000 at the end of the most recent reporting period. The stock decreased 0.56% or $0.1 during the last trading session, reaching $17.66. GE's total short interest was 101.48M shares in December as published by FINRA. General Electric Company has a 52-week low of $17.46 and a 52-week high of $32.38. It has underperformed by 21.16% the S&P500. First Interstate Bank now owns 2,055 shares of the utilities provider's stock worth $129,000 after buying an additional 302 shares in the last quarter. The company has market cap of $154.10 billion. About 23,455 shares traded. There were 50 sold out positions, amounting to 5.13 million shares. Cascade Investment Advisors Inc. lifted its stake in General Electric by 25.2% during the second quarter. ( GE ) announced Thursday it is eliminating 12,000 jobs in its global power business.

General Electric Company (GE) has a Return on Assets of 2 percent, Return on Investment of 5.1 percent and a Return on Equity of 9.4 percent.

General Electric (NYSE:GE) last posted its quarterly earnings results on Friday, October 20th. Therefore 42% are positive.

The average Wall Street analyst rating for American Electric Power Company, Inc.is Hold, according to the average of 11 analyst scores. Citigroup set a $28.00 target price on General Electric and gave the company a "buy" rating in a research note on Monday, October 23rd. Oppenheimer maintained General Electric Company (NYSE:GE) on Monday, July 24 with "Hold" rating. Pioneer Commercial Bank N A Or has invested 1.7% in General Electric Company (NYSE:GE). The firm has "Outperform" rating given on Friday, December 16 by Bernstein. Deutsche Bank maintained the stock with "Sell" rating in Monday, October 30 report. The stock has "Buy" rating by Noble Financial on Monday, November 13. The firm has "Equal-Weight" rating given on Monday, July 17 by Morgan Stanley. The stock has "Buy" rating by Noble Financial on Tuesday, June 6.

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Investors sentiment decreased to 0.79 in 2017 Q2. Its up 0.10, from 0.99 in 2017Q1.

Among 25 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 10 Hold. 72 funds opened positions while 245 raised stakes. Tuttle Tactical Mgmt Ltd Liability Corporation stated it has 0.16% in General Electric Company (NYSE:GE).

M&R Capital Mgmt stated it has 104,854 shares or 0.66% of all its holdings. BTC Capital Management Inc. grew its stake in shares of General Electric by 1.1% in the first quarter. Institutional investors own 55.74% of the company's stock.

General Electric Company (GE)'s RSI (Relative strength index) is at 27.69, its ATR (Average True Range) value is 0.45, while its Beta factor was calculated at 1.1. Blackrock Incorporated has 33.27 million shares for 0.12% of their portfolio. Morgan Stanley accumulated 31,197 shares or 0% of the stock. Airain Limited reported 608,475 shares. Waverton Invest Mngmt Limited holds 365,926 shares. Granite Limited Liability Corporation holds 1.31M shares or 0.94% of its portfolio. Switzerland-based Bellecapital Ltd has invested 2.37% in General Electric Company (NYSE:GE). Retirement Systems Of Alabama accumulated 6.20M shares. (NYSE:AEP), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 80% are positive. Buckeye Partners had 43 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has "Hold" rating by Stifel Nicolaus given on Monday, February 13. The rating was maintained by Suntrust Robinson on Monday, October 19 with "Buy". Credit Suisse has "Outperform" rating and $34 target. As per Wednesday, November 8, the company rating was maintained by RBC Capital Markets. The stock has "Hold" rating by BMO Capital Markets on Thursday, March 23. (NASDAQ:III) on Tuesday, August 8 with "Buy" rating. The shares were bought at an average cost of $18.24 per share, for a total transaction of $100,320.00. As per Wednesday, August 26, the company rating was upgraded by Vetr. Gofen Glossberg Llc Il holds 2.02% or 1.96M shares.

Investors Buy General Electric (GE) on Weakness