Louisiana State Employees Retirement System Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Louisiana State Employees Retirement System reduced its stake in General Electric Company by 3.32% during the most recent quarter end. The investment management company now holds a total of 603,400 shares of General Electric Company which is valued at $18,874,352 after selling 20,700 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.General Electric Company makes up approximately 0.96% of Louisiana State Employees Retirement System’s portfolio.

Other Hedge Funds, Including , Albion Financial Group Ut boosted its stake in GE in the latest quarter, The investment management firm added 1,501 additional shares and now holds a total of 1,874,453 shares of General Electric Company which is valued at $58,632,890. General Electric Company makes up approx 9.85% of Albion Financial Group Ut’s portfolio.Dynamic Advisors Solutions boosted its stake in GE in the latest quarter, The investment management firm added 1,543 additional shares and now holds a total of 181,318 shares of General Electric Company which is valued at $5,813,055. General Electric Company makes up approx 2.31% of Dynamic Advisors Solutions’s portfolio.Rockefeller Financial Services Inc boosted its stake in GE in the latest quarter, The investment management firm added 20,893 additional shares and now holds a total of 318,258 shares of General Electric Company which is valued at $10,203,351. General Electric Company makes up approx 0.20% of Rockefeller Financial Services Inc’s portfolio. Arbor Investment Advisors added GE to its portfolio by purchasing 11,426 company shares during the most recent quarter which is valued at $376,030. General Electric Company makes up approx 0.21% of Arbor Investment Advisors’s portfolio.Cacti Asset Management boosted its stake in GE in the latest quarter, The investment management firm added 1,175 additional shares and now holds a total of 97,525 shares of General Electric Company which is valued at $3,071,062. General Electric Company makes up approx 0.33% of Cacti Asset Management’s portfolio.

General Electric Company closed down -0.11 points or -0.35% at $31.14 with 5,00,52,182 shares getting traded on Friday. Post opening the session at $31.28, the shares hit an intraday low of $31.111 and an intraday high of $31.4264 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, General Electric Company reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.46. The company had revenue of $33494.00 million for the quarter, compared to analysts expectations of $31573.67 million. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on General Electric Company. Standpoint Research Initiated General Electric Company on Jul 22, 2016 to “Sell”, Price Target of the shares are set at $26.Cowen Initiated General Electric Company on Jun 7, 2016 to “Market Perform”, Price Target of the shares are set at $29.General Electric Company was Resumed by JP Morgan to “Underweight” on May 12, 2016.

General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines power generation oil and gas production equipment and household appliances to medical imaging business and consumer financing and industrial products. The Company operates its segments through its eight businesses -based on the markets they serve: Power & Water Oil & Gas Energy Management Aviation Healthcare Transportation Appliances and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing Consumer Real Estate Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.

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