General Electric Co Q2 2018 Institutional Investor Sentiment Better Than Expected

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Sentiment for General Electric Co (NYSE:GE)

General Electric Co (NYSE:GE) institutional sentiment increased to 0.59 in Q2 2018. Its up 0.04, from 0.55 in 2018Q1. The ratio improved, as 503 funds started new or increased positions, while 853 reduced and sold stakes in General Electric Co. The funds in our partner’s database now hold: 4.51 billion shares, down from 4.54 billion shares in 2018Q1. Also, the number of funds holding General Electric Co in their top 10 positions was flat from 23 to 23 for the same number . Sold All: 95 Reduced: 758 Increased: 381 New Position: 122.

General Electric Company operates as an infrastructure and technology firm worldwide. The company has market cap of $72.63 billion. The Company’s Power segment offers gas and steam power systems; maintenance, service, and upgrade solutions; distributed power gas engines; water treatment, wastewater treatment, and process system solutions; and nuclear reactors, fuels, and support services. It currently has negative earnings. The companyÂ’s Renewable Energy segment provides wind turbine platforms, and hardware and software; onshore and offshore wind turbines; and solutions, products, and services to hydropower industry.

The stock decreased 3.02% or $0.2601 during the last trading session, reaching $8.3499. About 121.15 million shares traded or 19.30% up from the average. General Electric Company (NYSE:GE) has declined 47.26% since November 14, 2017 and is downtrending. It has underperformed by 62.88% the S&P500.

Trian Fund Management L.P. holds 9.61% of its portfolio in General Electric Company for 70.86 million shares. Shanda Asset Management Holdings Ltd owns 3.30 million shares or 6.94% of their US portfolio. Moreover, Viking Global Investors Lp has 5.33% invested in the company for 68.41 million shares. The Tennessee-based Southeastern Asset Management Inc Tn has invested 5.24% in the stock. Stuyvesant Capital Management, a New York-based fund reported 190,725 shares.

Since January 1, 0001, it had 3 insider purchases, and 0 insider sales for $4.77 million activity.

General Electric Company (NYSE:GE) Ratings Coverage

Ratings analysis reveals 45% of General Electric’s analysts are positive. Out of 11 Wall Street analysts rating General Electric, 5 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $11 while the high is $21. The stock’s average target of $14.13 is 69.22% above today’s ($8.3499) share price. GE was included in 17 notes of analysts from May 21, 2018. The rating was maintained by Citigroup with “Buy” on Tuesday, October 30. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by Citigroup on Friday, June 29. RBC Capital Markets upgraded General Electric Company (NYSE:GE) rating on Tuesday, October 2. RBC Capital Markets has “Outperform” rating and $15 target. The company was maintained on Wednesday, May 30 by J.P. Morgan. As per Monday, July 23, the company rating was downgraded by Argus Research. The rating was upgraded by Barclays Capital on Monday, October 8 to “Overweight”. The firm earned “Neutral” rating on Wednesday, September 5 by UBS. The stock has “Hold” rating by Deutsche Bank on Wednesday, October 31. Wolfe Research upgraded the shares of GE in report on Tuesday, October 2 to “Outperform” rating. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by CFRA on Tuesday, June 26.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “GE: A Disastrous Quarter For ‘NewCo'” on November 01, 2018, also Seekingalpha.com with their article: “General Electric: The Siemens Side Of Change” published on November 14, 2018, Benzinga.com published: “Putting GE’s Horrible 3-Week Run Into Perspective” on November 11, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “General Electric: Big Opportunities In Biotech” published on November 13, 2018 as well as Seekingalpha.com‘s news article titled: “GE Hits $9 In Capitulation! Time To Buy?” with publication date: November 04, 2018.

General Electric Company (NYSE:GE) Institutional Positions Chart

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