General Electric to cut 12000 jobs

General Electric to cut 12000 jobs

More interesting news about General Electric Company (NYSE:GE) were released by: Investorplace.com and their article: "Why General Electric Company Stock Is Worth the Long-Term Chance" published on December 08, 2017 as well as Usatoday.com's news article titled: "General Electric to cut 12000 jobs in power division" with publication date: December 07, 2017.

American Electric Power Company Inc (AEP) traded up $0.32 during midday trading on Friday, hitting $76.93. General Electric Company had 78 analyst reports since July 21, 2015 according to SRatingsIntel. General Electric Company accounts for about 1.5% of Kentucky Retirement Systems Insurance Trust Fund's investment portfolio, making the stock its 8th largest position. It also reduced its holding in Baker Hughes Inc (NYSE:BHI) by 23,320 shares in the quarter, leaving it with 136,142 shares, and cut its stake in Weyerhaeuser Co (NYSE:WY). Asset Management Advisors Llc acquired 64,064 shares as General Electric (GE)'s stock declined 7.64%. With 102.00 million shares average volume, it will take short sellers 1 days to cover their GE's short positions. The stock has a market capitalization of $153,149.02, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 1.91 and a beta of 1.06. General Electric has a one year low of $17.46 and a one year high of $32.38. Equities analysts predict that General Electric Company will post $1.64 EPS for the current fiscal year. Sanford C. Bernstein set a $38.00 target price on shares of General Electric Company and gave the company a "buy" rating in a research report on Friday, February 24th. The hedge fund held 266,112 shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $7.19 million, up from 241,092 at the end of the previous reported quarter. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.42 billion. General Electric had a return on equity of 13.72% and a net margin of 6.08%. The company's revenue was up 11.5% on a year-over-year basis. Aviance Cap Mgmt Limited Liability Company holds 0.04% of its portfolio in General Electric Company (NYSE:GE) for 21,121 shares. The shares were acquired at an average price of $18.24 per share, for a total transaction of $100,320.00. Following the completion of the transaction, the director now owns 5,500 shares of the company's stock, valued at approximately $100,320.

Hourglass Capital Llc increased its stake in General Electric Co (GE) by 10.38% based on its latest 2017Q2 regulatory filing with the SEC. The firm owned 25,344 shares of the conglomerate's stock after purchasing an additional 14,357 shares during the quarter. The disclosure for this purchase can be found here. Over the last three months, insiders bought 120,500 shares of company stock worth $2,183,220. PHH Investments Ltd. grew its position in shares of General Electric by 105.0% during the 1st quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate's stock worth $144,000 after acquiring an additional 725 shares in the last quarter. Finally, Corbenic Partners LLC grew its position in shares of General Electric by 15.7% during the 2nd quarter. Leisure Capital Management now owns 68,894 shares of the conglomerate's stock worth $2,041,000 after buying an additional 188 shares during the last quarter. Mastrapasqua Asset Management Inc. now owns 19,185 shares of the conglomerate's stock worth $568,000 after buying an additional 155 shares during the last quarter. Ledyard National Bank lifted its stake in shares of American Electric Power by 52.6% during the 2nd quarter.

Heitman Real Estate Securities Llc holds 2.18% of its portfolio in Physicians Realty Trust for 1.73 million shares. Analysts set a 12-month price target of $16.6 a share. Citigroup set a $28.00 target price on General Electric and gave the company a "buy" rating in a research note on Monday, October 23rd. Analysts have placed a $22.64 price target on General Electric Company, suggesting a 27.84% gain from recent close. ValuEngine raised shares of American Electric Power from a "hold" rating to a "buy" rating in a report on Tuesday, November 14th. The firm earned "Equal-Weight" rating on Tuesday, July 25 by Morgan Stanley. The stock presently has a consensus rating of "Hold" and a consensus target price of $23.64.

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