Institutional Investors Are Selling General Electric Co (NYSE:GE)

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Sentiment for General Electric Co (NYSE:GE)

General Electric Co (NYSE:GE) institutional sentiment decreased to 0.63 in Q2 2019. Its down -0.08, from 0.71 in 2019Q1. The ratio fall, as 418 institutional investors opened new or increased positions, while 664 reduced and sold stakes in General Electric Co. The institutional investors in our partner’s database now own: 5.00 billion shares, up from 4.87 billion shares in 2019Q1. Also, the number of institutional investors holding General Electric Co in their top 10 positions decreased from 22 to 20 for a decrease of 2. Sold All: 65 Reduced: 599 Increased: 314 New Position: 104.

General Electric Company operates as an infrastructure and technology firm worldwide. The company has market cap of $81.69 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 increased 1.19% or $0.11 during the last trading session, reaching $9.36. About 37.43M shares traded. General Electric Company (NYSE:GE) has declined 17.39% since September 13, 2018 and is downtrending. It has underperformed by 17.39% the S&P500.

Analysts await General Electric Company (NYSE:GE) to report earnings on October, 29. They expect $0.13 earnings per share, down 7.14 % or $0.01 from last year’s $0.14 per share. GE’s profit will be $1.13 billion for 18.00 P/E if the $0.13 EPS becomes a reality. After $0.17 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts -23.53 % negative EPS growth.

Southeastern Asset Management Inc Tn holds 8.34% of its portfolio in General Electric Company for 48.43 million shares. Trian Fund Management L.P. owns 64.22 million shares or 7.12% of their US portfolio. Moreover, Vgi Partners Ltd has 5.98% invested in the company for 6.75 million shares. The Delaware-based Cypress Capital Management Llc has invested 5.12% in the stock. Slate Path Capital Lp, a New York-based fund reported 10.35 million shares.

Since January 1, 0001, it had 7 buys, and 0 insider sales for $5.01 million activity.

General Electric Company (NYSE:GE) Ratings Coverage

Ratings analysis reveals 30% of General Electric’s analysts are positive. Out of 10 Wall Street analysts rating General Electric, 3 give it “Buy”, 2 “Sell” rating, while 5 recommend “Hold”. The lowest target is $5 while the high is $14. The stock’s average target of $10.25 is 9.51% above today’s ($9.36) share price. GE was included in 18 notes of analysts from March 14, 2019. The firm has “Neutral” rating given on Monday, July 15 by UBS. The firm has “Buy” rating by Citigroup given on Wednesday, June 19. The company was maintained on Friday, March 15 by Daiwa Securities. As per Friday, March 15, the company rating was maintained by UBS. As per Thursday, March 21, the company rating was maintained by RBC Capital Markets. As per Thursday, March 14, the company rating was maintained by RBC Capital Markets. On Monday, April 8 the stock rating was downgraded by JP Morgan to “Underweight”. Gordon Haskett Capital Corporation maintained General Electric Company (NYSE:GE) on Friday, March 15 with “Sell” rating. Credit Suisse maintained the stock with “Hold” rating in Friday, March 15 report. On Friday, March 15 the stock rating was maintained by Cowen & Co with “Hold”.

More notable recent General Electric Company (NYSE:GE) news were published by: Finance.Yahoo.com which released: “General Electric Rises 3% – Yahoo Finance” on September 09, 2019, also Fool.com with their article: “After Hours: NVIDIA Notches Q2 Beats, GE CEO Buys Stock Amid Company Fraud Allegations – The Motley Fool” published on August 15, 2019, Seekingalpha.com published: “Markopolos’ GE short seller partner remains a mystery – Seeking Alpha” on August 23, 2019. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “$5B debt tender offer from GE – Seeking Alpha” published on September 12, 2019 as well as 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: Acadia Pharma, Broadcom, CBOE, Etsy, Gap, GE, Home Depot, Lowe’s, Oracle, Slack and More – 24/7 Wall St.” with publication date: September 13, 2019.

General Electric Company (NYSE:GE) Institutional Positions Chart

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