Published: Sat, August 12, 2017
Markets | By Noel Gibbs

General Electric Company (GE) Hits a New 52-Week High

General Electric Company (GE) Hits a New 52-Week High

The stock rose 0.16% or $0.04 reaching $25.24. The Highland Capital Management Llc holds 582,700 shares with $18.41M value, up from 565,863 last quarter.

The market cap is found by multiplying the per-share price by the total number of outstanding shares.

During the month between the announcement of his promotion and moving into the post, Flannery met with 100 investors who outlined their expectations of better cash usage, higher margins and cost reduction, he wrote in an August 1 letter to employees obtained by TheStreet. Huntington Steele LLC increased its position in shares of General Electric by 1.0% in the first quarter. Eyegate Pharmaceuticals Inc (NASDAQ:EYEG) has declined 40.33% since August 11, 2016 and is downtrending. It has underperformed by 4.68% the S&P500. General Electric had a ROE of 14.59% and a net profit margin of 6.45%. the business reported sales of $29.56 B for the period end, compared to the average forecast of $29.07 B. for the same quarter previous year, firm posted $0.51 Earnings Per Share. Corporate insiders own 0.55% of the company's stock. Commonwealth Equity Services holds 1.13% of its portfolio in General Electric Company (NYSE:GE) for 4.84 million shares.

Shares of Portland General Electric Company (NYSE:POR) traded down 1.21% during trading on Friday, hitting $45.90. About 3,032 shares traded. While looking the figure depicted by the Price to Earning we can suggest that the shares of General Electric Company (GE) are overvalued. It has underperformed by 4.60% the S&P500.

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Since May 15, 2017, it had 3 buys, and 0 selling transactions for $3.37 million activity.

The 55-year-old, who succeeded Jeffrey Immelt in the top job on August 1, now holds about $15.6 million in GE stock, filings show. (NYSE:STI) news were published by: Crainscleveland.com which released: "SunTrust Bank expands commercial business with new offices in Cleveland ..." on August 09, 2017, also Globenewswire.com with their article: "Constellation Brands Elects Susan Somersille Johnson of SunTrust Banks, Inc ..." published on July 20, 2017, Prnewswire.com published: "SunTrust Reports Second Quarter 2017 Results" on July 21, 2017. $448,800 worth of General Electric Company (NYSE:GE) was bought by Beattie William G. Therefore 67% are positive. Finally, UBS AG reaffirmed a "buy" rating and set a $31.00 target price (down previously from $35.00) on shares of General Electric in a report on Tuesday, July 25th. JP Morgan upgraded the stock to "Neutral" rating in Friday, December 16 report. The stock of General Electric Company (NYSE:GE) earned "Outperform" rating by RBC Capital Markets on Monday, January 25. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The firm has "Buy" rating by TheStreet given on Wednesday, August 26. Stifel Nicolaus reissued a "buy" rating on shares of General Electric in a research note on Wednesday, June 14th. S&P Research maintained it with "Buy" rating and $54 target in Monday, August 17 report.

On May 12 the company was downgraded to "Sell" from "Hold" by analysts at Deutsche Bank. Investors of record on Monday, June 19th were issued a dividend of $0.24 per share. The rating was maintained by RBC Capital Markets on Wednesday, February 22 with "Outperform". The price of the stock has decreased by 0.35% since. Its up 0.02, from 0.87 in 2016Q3.

Want to see what other hedge funds are holding GE?

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These funds have also shifted positions in (GE). General Electric Company (GE) received interesting focus from Active Investors and it has been trading on front line as comparing to it past average volume.

Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. 103,457 are held by Inv House Ltd.

Lucas Capital Management decreased General Electric Co (GE) stake by 14.78% reported in 2016Q4 SEC filing. Fieldpoint Private Advsrs Inc stated it has 129,449 shares or 2.7% of all its holdings. L S Advisors Incorporated reported 131,513 shares stake. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Cape Cod Five Cents Financial Bank holds 477,137 shares. Patten Group reported 0.7% stake. Forte Cap Lc Adv holds 0.77% or 64,804 shares in its portfolio. He now has about 615,000 shares worth $15.5 million at Thursday's closing price. Sell-side analyst recommendations point to a short term price target of $43 on the company shares. The stock was bought at an average price of $25.50 per share, for a total transaction of $699,337.50. "(AAPL), Baidu Inc (ADR) (BIDU) and ..." on July 21, 2017.

On March 4 the company was downgraded from "Buy" to "Hold" by analysts at Wellington Shields & Co. Therefore 80% are positive. Amazon.com had 183 analyst reports since July 21, 2015 according to SRatingsIntel.

Navios Maritime Midstream Partners LP (NAP) Upgraded at Zacks Investment Research
The stock of Navios Maritime Midstream Partners LP (NYSE:NAP) has "Neutral" rating given on Friday, January 13 by Credit Suisse. Vanguard Group Inc. raised its stake in shares of Navios Maritime Acquisition Corporation by 2.3% in the second quarter.


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