Economy

Trellus Management Company LLC Buys Shares of 30604 General Electric Company (GE)

Trellus Management Company LLC Buys Shares of 30604 General Electric Company (GE)”

The stock of General Electric Company (NYSE:GE) has "Market Perform" rating given on Tuesday, June 7 by Cowen & Co. The Private Capital Advisors Inc holds 19,800 shares with $535,000 value, down from 231,662 last quarter. Windsor Financial Group Llc who had been investing in General Electric Co for a number of months, seems to be bullish on the $198.96B market cap company.

Shares of General Electric Company (NYSE GE) traded down 0.30% during midday trading on Friday, hitting $22.98. 40391802 shares were traded on General Electric Company's last session.

Portland General Electric Company (NYSE:POR) last posted its quarterly earnings data on Friday, April 28th. It has underperformed by 21.16% the S&P500. Pacer Advisors Inc. increased its position in shares of Portland General Electric Company by 22.2% in the first quarter. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & worldwide copyright & trademark laws. Over the last three months, insiders bought 233,253 shares of company stock valued at $5,860,264. Nustar Energy Lp now has $3.52B valuation. Perkins Coie Tru Communications owns 52,700 shares for 0.77% of their portfolio. CarMax, Inc (NYSE:KMX) has risen 26.17% since October 14, 2016 and is uptrending. It has underperformed by 8.39% the S&P500.

Since May 15, 2017, it had 3 insider purchases, and 0 selling transactions for $3.37 million activity. The insider IMMELT JEFFREY R bought 100,000 shares worth $2.81M.

COPYRIGHT VIOLATION NOTICE: "Trellus Management Company LLC Buys Shares of 30,604 General Electric Company (GE)" was first reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. This is not a recommendation to buy or sell El Paso Electric Company (NYSE:EE). Therefore 0 are positive. General Electric Company had 62 analyst reports since July 21, 2015 according to SRatingsIntel. The company now has a consensus rating of "Hold" and a consensus target price of $28.16. The company was downgraded on Friday, May 12 by Deutsche Bank. Cowen & Co has "Hold" rating and $2700 target.

El Paso Electric Company (NYSE:EE) performed nicely this week, continuing its impressive near-term upward movement. Credit Suisse Group reissued an outperform rating and issued a $33.00 price objective on shares of General Electric in a research note on Saturday, July 22nd. Arrowstreet Capital Limited Partnership now owns 14,632,325 shares of the conglomerate's stock valued at $395,219,000 after buying an additional 13,315,605 shares in the last quarter. The legal version of this report can be read at https://www.truebluetribune.com/2017/10/14/trellus-management-company-llc-invests-827000-in-general-electric-company-ge-stock.html. The firm earned "Underperform" rating on Thursday, March 17 by Wolfe Research. The company was maintained on Tuesday, July 25 by Morgan Stanley. The rating was upgraded by UBS on Tuesday, December 22 to "Buy". Capital Research Global Investors now owns 91,205,460 shares of the conglomerate's stock valued at $2,463,459,000 after buying an additional 14,316,281 shares in the last quarter. General Electric accounts for approximately 1.2% of Trellus Management Company LLC's portfolio, making the stock its 23rd biggest holding. During the same quarter in the previous year, the company earned $0.51 earnings per share. GE's profit would be $4.33 billion giving it 11.49 P/E if the $0.50 EPS is correct. After $0.28 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 78.57% EPS growth.

Investors sentiment decreased to 0.79 in Q2 2017. Its up 0.18, from 0.73 in 2017Q1. It dived, as 85 investors sold GE shares while 816 reduced holdings.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The 1-year high was reported on Oct, 14 by Barchart.com. Kanawha Cap Mgmt Llc holds 1.75% or 416,119 shares. 3,705 are held by Cetera Ltd Llc. Wells Fargo & Mn holds 43,320 shares or 0% of its portfolio. Ameriprise Financial reported 26.97 million shares. The stock was acquired at an average price of $25.56 per share, for a total transaction of $2,657,805.48. Dean Invest Associate Limited Liability reported 1.04% of its portfolio in El Paso Electric Company (NYSE:EE). Thrivent Financial For Lutherans holds 1.88M shares. Following the transaction, the vice president now directly owns 20,424 shares in the company, valued at $919,284.24.

Further, we can see that El Paso Electric Company (NYSE:EE) has a Shareholder Yield of 0.021335 and a Shareholder Yield (Mebane Faber) of -0.01160.

Nordea Investment Ab has 0% invested in El Paso Electric Company (NYSE:EE) for 34,511 shares.

Investors sentiment increased to 1.03 in Q2 2017. Its up 0.84, from 0.75 in 2017Q1. Moreover, Roberts Glore & Co Inc Il has 2.21% invested in the company for 301,067 shares. 108 funds opened positions while 386 raised stakes. Buckingham Capital Management Inc sold 10,000 shares as Lowes Cos Inc Com Stk (LOW)'s stock rose 10.23%. 16,000 are owned by Sumitomo Mitsui Trust. The institutional investor owned 56,157 shares of the utilities provider's stock after buying an additional 47,510 shares during the period.

Among 8 analysts covering TC Pipelines (NYSE:TCP), 2 have Buy rating, 1 Sell and 5 Hold. Bancorpsouth has 143,622 shares. Douglass Winthrop Advisors Limited Liability has 0.39% invested in General Electric Company (NYSE:GE). Whitnell And Company holds 1,000 shares. Ing Groep Nv, Netherlands-based fund reported 60,514 shares.

Brinker Capital Inc increased Duke Energy Corp (DUK) stake by 146.76% reported in 2017Q2 SEC filing. Jpmorgan Chase And stated it has 1.51M shares. Hsbc Hldgs Pcl owns 38,000 shares or 0% of their U.S. portfolio. Arbor Investment Advisors LLC now owns 12,627 shares of the conglomerate's stock worth $341,000 after purchasing an additional 169 shares in the last quarter. Commonwealth Of Pennsylvania School Empls Retrmt stated it has 0.59% of its portfolio in NuStar Energy L.P. (NYSE:NS). Ashfield Capital Prtnrs Limited Liability Corporation holds 341,737 shares or 1.26% of its portfolio.



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