General Electric Company (GE) : Provise Management Group scooped up 5,885 additional shares in General Electric Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 318,988 shares of General Electric Company which is valued at $9,930,096.General Electric Company makes up approximately 1.79% of Provise Management Group’s portfolio.
Other Hedge Funds, Including , Moody Lynn Lieberson boosted its stake in GE in the latest quarter, The investment management firm added 33,285 additional shares and now holds a total of 277,000 shares of General Electric Company which is valued at $8,625,780. General Electric Company makes up approx 1.50% of Moody Lynn Lieberson’s portfolio.Essex Investment Management Co reduced its stake in GE by selling 111,033 shares or 84.0% in the most recent quarter. The Hedge Fund company now holds 21,150 shares of GE which is valued at $661,572. General Electric Company makes up approx 0.11% of Essex Investment Management Co’s portfolio.Peachtree Investment Advisors boosted its stake in GE in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 37,237 shares of General Electric Company which is valued at $1,204,989. General Electric Company makes up approx 1.20% of Peachtree Investment Advisors’s portfolio.First Premier Bank boosted its stake in GE in the latest quarter, The investment management firm added 1,990 additional shares and now holds a total of 74,098 shares of General Electric Company which is valued at $2,385,956. General Electric Company makes up approx 1.81% of First Premier Bank’s portfolio.
General Electric Company closed down -0.01 points or -0.03% at $31.27 with 2,04,34,126 shares getting traded on Monday. Post opening the session at $31.3, the shares hit an intraday low of $31.21 and an intraday high of $31.395 and the price fluctuated in this range throughout the day.Shares ended Monday 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.