Stock In Spotlight: General Electric Company (NYSE:GE)

It has underperformed by 8.11% the S&P500.

Carnegie Capital Asset Management Llc decreased its stake in General Electric Co (GE) by 10.48% based on its latest 2017Q3 regulatory filing with the SEC. The institutional investor held 66,691 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $1.61 million, up from 53,540 at the end of the previous reported quarter. Livingston Group Asset Management Southport Capital Management who had been investing in General Electric Co Com for a number of months, seems to be bullish on the $162.56B market cap company. Shares for $2.66M were bought by Flannery John Leonard on Tuesday, August 8. Bristol-Myers Squibb Company (NYSE:BMY) has declined 23.19% since January 12, 2017 and is downtrending. It has underperformed by 4.60% the S&P500.

Lucas Capital Management, which manages about $757.48M and $111.59M US Long portfolio, decreased its stake in Cimarex Energy (NYSE:XEC) by 7,900 shares to 2,700 shares, valued at $307,000 in 2017Q3, according to the filing.

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.20, from 1.38 in 2017Q2. It is negative, as 112 investors sold GE shares while 818 reduced holdings.

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Other hedge funds also recently added to or reduced their stakes in the company. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.49 by ($0.20). Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate's stock worth $557,000 after acquiring an additional 67 shares in the last quarter. Markel Corp owned about 0.14% of General Electric worth $2,297,000 at the end of the most recent reporting period. IFP Advisors Inc increased its position in Portland General Electric Company by 202.0% in the second quarter. Asset Mngmt Limited Liability Corp has 3,393 shares. Wolverine Asset Mngmt Ltd Liability holds 0.03% of its portfolio in General Electric Company (NYSE:GE) for 123,516 shares.

Filings show 221 investors own Portland General Electric Co. Reinhart Partners Inc., a Wisconsin-based fund reported 144,905 shares. Parkside National Bank & Trust And stated it has 88,616 shares or 0.84% of all its holdings. Capital Research Global Investors now owns 91,205,460 shares of the conglomerate's stock worth $2,463,459,000 after acquiring an additional 14,316,281 shares in the last quarter.

General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, October 20th. About 2.50M shares traded. Toronto Dominion Bancshares holds 8 shares or 0% of its portfolio. Hendershot Investments Incorporated owns 65,060 shares. Saratoga Rech And holds 12,394 shares or 0.18% of its portfolio.

Since August 8, 2017, it had 2 insider purchases, and 1 sale for $4.48 million activity. The shares were acquired at an average cost of $17.94 per share, with a total value of $986,700.00.

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Ratings analysis reveals 38% of General Electric Company's analysts are positive. Portland General Electric had 15 analyst reports since July 28, 2015 according to SRatingsIntel.

Portland General Electric Company (NYSE:POR) traded up 0.05% during midday trading on Monday, hitting $43.57. The rating was maintained by Stifel Nicolaus with "Hold" on Sunday, December 10. Finally, Guggenheim started coverage on Portland General Electric Company in a research report on Thursday, November 3rd. The firm has "Buy" rating by Stifel Nicolaus given on Wednesday, July 20. The rating was maintained by Cowen & Co with "Hold" on Monday, August 7. As per Monday, November 23, the company rating was maintained by Credit Suisse. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that GE is a Weak buy, which implies that GE is expected to outperform the market based on prior trading patterns. The stock of General Electric Company (NYSE:GE) has "Equal-Weight" rating given on Monday, July 17 by Morgan Stanley. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Portland General Electric Company by 14.8% in the third quarter. The stock of Portland General Electric Company (NYSE:POR) has "Neutral" rating given on Thursday, October 12 by JP Morgan. Therefore 53% are positive. As per Friday, September 22, the company rating was maintained by Piper Jaffray. KeyBanc Capital Markets maintained the shares of POR in report on Thursday, October 12 with "Hold" rating. Canaccord Genuity maintained Mistras Group, Inc. $633,375 worth of stock was sold by Comstock Elizabeth J on Wednesday, August 9. The company presently has a consensus rating of "Hold" and a consensus target price of $42.67. Robert W. Baird maintained the stock with "Outperform" rating in Friday, August 11 report. Bank of America Corporation downgraded Portland General Electric Company from a "neutral" rating to an "underperform" rating and set a $39.00 target price for the company.in a research report on Tuesday, November 22nd. As per Friday, December 16, the company rating was upgraded by Bernstein. The firm has "Perform" rating given on Monday, September 21 by Oppenheimer. On Monday, February 27 the stock rating was maintained by Scotia Capital with "Outperform".

This represents a decrease of -6% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks. Its up 0.01, from 0.82 in 2017Q2. 46 funds opened positions while 109 raised stakes. Greystone Investment Mgmt Llc invested 0.35% of its portfolio in American International Group, Inc. (NYSE:MG) or 7,149 shares.

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