Municipal Employees’ Retirement System Of Michigan buys $9,789,602 stake in General Electric Company (GE)

General Electric Company (GE) : Municipal Employees’ Retirement System Of Michigan scooped up 2,590 additional shares in General Electric Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 325,020 shares of General Electric Company which is valued at $9,789,602.General Electric Company makes up approximately 0.65% of Municipal Employees’ Retirement System Of Michigan’s portfolio.

Other Hedge Funds, Including , Torray boosted its stake in GE in the latest quarter, The investment management firm added 390 additional shares and now holds a total of 544,361 shares of General Electric Company which is valued at $16,396,153. General Electric Company makes up approx 0.86% of Torray’s portfolio.Trust Co Of Vermont boosted its stake in GE in the latest quarter, The investment management firm added 5,770 additional shares and now holds a total of 457,463 shares of General Electric Company which is valued at $14,066,987. General Electric Company makes up approx 1.96% of Trust Co Of Vermont’s portfolio.Chesley Taft Associates boosted its stake in GE in the latest quarter, The investment management firm added 9,832 additional shares and now holds a total of 898,829 shares of General Electric Company which is valued at $27,638,992. General Electric Company makes up approx 2.92% of Chesley Taft Associates’s portfolio.Gw Henssler Associates Ltd reduced its stake in GE by selling 353,266 shares or 94.92% in the most recent quarter. The Hedge Fund company now holds 18,896 shares of GE which is valued at $581,241. General Electric Company makes up approx 0.07% of Gw Henssler Associates Ltd’s portfolio.Warren Averett Asset Management boosted its stake in GE in the latest quarter, The investment management firm added 572 additional shares and now holds a total of 27,633 shares of General Electric Company which is valued at $849,991. General Electric Company makes up approx 0.51% of Warren Averett Asset Management’s portfolio.

General Electric Company opened for trading at $29.99 and hit $30.56 on the upside on Tuesday, eventually ending the session at $30.48, with a gain of 2.04% or 0.61 points. The heightened volatility saw the trading volume jump to 2,71,30,428 shares. Company has a market cap of $280,284 M.

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. 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 .Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .

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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