New York State Teachers Retirement System buys $557,453,545 stake in General Electric Company (GE)

General Electric Company (GE) : New York State Teachers Retirement System scooped up 9,791 additional shares in General Electric Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 18,122,677 shares of General Electric Company which is valued at $557,453,545.General Electric Company makes up approximately 1.45% of New York State Teachers Retirement System’s portfolio.

General Electric Company closed down -0.22 points or -0.71% at $30.76 with 5,64,97,503 shares getting traded on Friday. Post opening the session at $31.03, the shares hit an intraday low of $30.31 and an intraday high of $31.18 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , National Investment Services Inc Wi reduced its stake in GE by selling 68,057 shares or 48.01% in the most recent quarter. The Hedge Fund company now holds 73,701 shares of GE which is valued at $2,267,043. General Electric Company makes up approx 2.54% of National Investment Services Inc Wi’s portfolio.Northstar Group reduced its stake in GE by selling 1,805 shares or 2.37% in the most recent quarter. The Hedge Fund company now holds 74,322 shares of GE which is valued at $2,306,212. General Electric Company makes up approx 1.75% of Northstar Group’s portfolio.Coastline Trust Co reduced its stake in GE by selling 274 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 86,871 shares of GE which is valued at $2,695,607. General Electric Company makes up approx 0.57% of Coastline Trust Co’s portfolio.Osborne Partners Capital Management reduced its stake in GE by selling 5,215 shares or 0.95% in the most recent quarter. The Hedge Fund company now holds 545,706 shares of GE which is valued at $16,933,257. General Electric Company makes up approx 2.46% of Osborne Partners Capital Management’s portfolio.Country Club Trust Company N.a. reduced its stake in GE by selling 61,642 shares or 9.78% in the most recent quarter. The Hedge Fund company now holds 568,946 shares of GE which is valued at $17,654,394. General Electric Company makes up approx 2.62% of Country Club Trust Company N.a.’s portfolio.

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 Downgraded by Bernstein to ” Mkt Perform” on Apr 4, 2016. General Electric Company was Downgraded by Berenberg to ” Hold” on Apr 4, 2016. Shares were Reiterated by RBC Capital Mkts on Jan 25, 2016 to “Outperform” and Lowered the Price Target to $ 33 from a previous price target of $34 .

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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