Strategic Wealth Advisors Groupinc. adds General Electric Company (GE) to its portfolio

General Electric Company (GE) : Strategic Wealth Advisors Groupinc. added new position in General Electric Company during the most recent quarter end. The investment management firm now holds 123,977 shares of General Electric Company which is valued at $3.7 Million , the company said in a statement filed on May 25, 2016 with the SEC.General Electric Company makes up approximately 1.19% of Strategic Wealth Advisors Groupinc.’s portfolio.

Other Hedge Funds, Including , Becker Capital Management Inc reduced its stake in GE by selling 178,558 shares or 7.83% in the most recent quarter. The Hedge Fund company now holds 2,102,260 shares of GE which is valued at $63.3 Million. General Electric Company makes up approx 2.64% of Becker Capital Management Inc’s portfolio.Natixis Asset Management reduced its stake in GE by selling 42,084 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 2,826,835 shares of GE which is valued at $83.6 Million. General Electric Company makes up approx 10.00% of Natixis Asset Management’s portfolio.Philadelphia Trust Co reduced its stake in GE by selling 1,692 shares or 3.79% in the most recent quarter. The Hedge Fund company now holds 42,907 shares of GE which is valued at $1.3 Million. General Electric Company makes up approx 0.11% of Philadelphia Trust Co’s portfolio.Pacific Global Investment Management Co reduced its stake in GE by selling 11,267 shares or 4.2% in the most recent quarter. The Hedge Fund company now holds 257,300 shares of GE which is valued at $7.6 Million. General Electric Company makes up approx 1.76% of Pacific Global Investment Management Co’s portfolio.First City Capital Management reduced its stake in GE by selling 2,674 shares or 2.42% in the most recent quarter. The Hedge Fund company now holds 107,987 shares of GE which is valued at $3.2 Million. General Electric Company makes up approx 2.17% of First City Capital Management’s portfolio.

General Electric Company closed down -0.12 points or -0.40% at $30.11 with 2,11,26,650 shares getting traded on Wednesday. Post opening the session at $30.04, the shares hit an intraday low of $29.89 and an intraday high of $30.14 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, General Electric Company reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $0.19. The company had revenue of $27597.00 million for the quarter, compared to analysts expectations of $27966.34 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on General Electric Company. General Electric Company was Resumed by JP Morgan to “Underweight” on May 12, 2016. Company shares were Reiterated by UBS on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $32 .Shares were Reiterated by Stifel on Apr 26, 2016 to “Buy” and Lowered the Price Target to $ 34 from a previous price target of $36 .

General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines power generation oil and gas production equipment and household appliances to medical imaging business and consumer financing and industrial products. The Company operates its segments through its eight businesses -based on the markets they serve: Power & Water Oil & Gas Energy Management Aviation Healthcare Transportation Appliances and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing Consumer Real Estate Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.

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