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JP Morgan Chase & Co Reiterates "Underweight" Rating for General Electric Company (GE)

16 September 2017

It also reduced its holding in Align Technology Inc (NASDAQ:ALGN) by 5,956 shares in the quarter, leaving it with 3,633 shares, and cut its stake in Facebook Inc (NASDAQ:FB). The New York-based Millennium Management Ltd Liability Corp has invested 0.05% in General Electric Company (NYSE:GE).

07/21/2017 - General Electric Company was downgraded to "hold" by analysts at CFRA Research. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.96%. About 21.92M shares traded. Accuray Incorporated (NASDAQ:ARAY) has declined 21.41% since September 16, 2016 and is downtrending. It has underperformed by 10.78% the S&P500. Cable Hill Partners LLC raised its position in General Electric by 12.5% during the first quarter. Hays Advisory LLC now owns 7,461 shares of the conglomerate's stock valued at $222,000 after acquiring an additional 810 shares in the last quarter. The institutional investor held 255,590 shares of the consumer electronics and appliances company at the end of 2016Q4, valued at $8.08M, down from 286,251 at the end of the previous reported quarter. Aristotle Fund Lp who had been investing in Travelport Worldwide Ltd. for a number of months, seems to be bullish on the $1.91 billion market cap company. Following the acquisition, the chief executive officer now directly owns 509,430 shares of the company's stock, valued at approximately $13,021,030.80. M&T Bank has invested 1.64% in General Electric Company (NYSE:GE). It has underperformed by 21.16% the S&P500.

Analysts await General Electric Company (NYSE:GE) to report earnings on October, 20 before the open. During the same quarter in the prior year, the firm posted $0.51 earnings per share. GE's profit will be $4.33 billion for 11.97 P/E if the $0.50 EPS becomes a reality. The conglomerate reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.03.

Investors sentiment decreased to 0.79 in Q4 2016. Its up 0.10, from 1.28 in 2016Q3. It worsened, as 68 investors sold GE shares while 818 reduced holdings.

Shares of General Electric (NYSE:GE) traded down 0.37% during trading on Friday, reaching $23.93. Bluecrest Capital Management Ltd acquired 21,610 shares as Lowes Cos Inc (LOW)'s stock rose 10.23%. Susquehanna International Grp Llp, a Pennsylvania-based fund reported 1.50 million shares. Burney Company invested 0.12% in General Electric Company (NYSE:GE). Gfs Ltd reported 717,954 shares. The stock declined 0.58% or $0.14 reaching $24.12 on the news. Bonness Enterp owns 164,478 shares.

After a recent market scan, we have seen that the Ultimate Oscillator reading is above 60 on shares of General Electric Co (GEH). Blackrock Gru stated it has 0% in Portland General Electric Company (NYSE:POR). Eagle Ridge Investment Management holds 29,695 shares or 0.19% of its portfolio. Focused Wealth stated it has 3.25% of its portfolio in General Electric Company (NYSE:GE). Employees Retirement Of Texas holds 1.84 million shares or 0.79% of its portfolio. 193,606 are held by Rosenblum Silverman Sutton S F Inc Ca. Cypress Capital Group's holdings in General Electric were worth $5,449,000 at the end of the most recent quarter. Tradition Lc has 1.1% invested in General Electric Company (NYSE:GE) for 104,816 shares.

The firm recorded a rise in short interest of 3.72% as of August 15, 2017 from the last reporting period. IMMELT JEFFREY R had bought 100,000 shares worth $2.81 million on Monday, May 15.

Among 23 analysts covering General Electric Company (NYSE:GE), 11 have Buy rating, 3 Sell and 9 Hold. Therefore 0 are positive. On average, equities research analysts expect that General Electric will post $1.56 EPS for the current fiscal year. On Monday, November 2 the stock rating was downgraded by Standpoint Research to "Hold". Barclays PLC set a $32.00 price objective on shares of General Electric Company and gave the stock a "buy" rating in a report on Monday, October 17th.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Bernstein downgraded the stock to "Market Perform" rating in Monday, April 4 report. Oppenheimer maintained the shares of GE in report on Monday, June 12 with "Hold" rating. Citigroup Inc. reiterated a buy rating and set a $34.00 target price (down from $36.00) on shares of General Electric in a report on Monday, July 10th. RBC Capital Markets maintained General Electric Company (NYSE:GE) on Monday, October 19 with "Outperform" rating. The firm earned "Sell" rating on Friday, June 2 by RBC Capital Markets. On Wednesday, August 23 the stock rating was maintained by Oppenheimer with "Buy".

Investors sentiment increased to 1.38 in 2016 Q4. It has five natural gas-fired generating facilities, which include Port Westward Unit 1 (PW1), Port Westward Unit 2 (PW2), Beaver natural gas-fired generating plant (Beaver), Coyote Springs Unit 1 (Coyote Springs) and Carty natural gas-fired generating plant (Carty). The insider LUTTIG J MICHAEL sold 7,986 shares worth $1.47 million. 157 funds opened positions while 606 raised stakes.

Permit Capital Llc holds 4.15% of its portfolio in Iconix Brand Group Inc for 647,799 shares. Wedgewood Incorporated Pa reported 0.58% stake. 14,850 were accumulated by Lpl. $438,552 worth of Boeing Co (NYSE:BA) shares were sold by Caret Leanne G. Wells Fargo Mn holds 0% or 61,123 shares in its portfolio. Fin Consulate Inc reported 13,202 shares. Principal Fincl reported 16,170 shares. Shares for $1.84M were sold by COURTOIS JEAN PHILIPPE on Wednesday, May 3. Westover Ltd Llc holds 103,069 shares. 57,135 are held by Manufacturers Life Insurance The. Park National Oh reported 17,065 shares stake. Boeing had 66 analyst reports since August 26, 2015 according to SRatingsIntel.

JP Morgan Chase & Co Reiterates