Ntv Asset Management buys $6,279,749 stake in General Electric Company (GE)

General Electric Company (GE) : Ntv Asset Management scooped up 7,665 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 2, 2016. The investment management firm now holds a total of 208,491 shares of General Electric Company which is valued at $6,279,749.General Electric Company makes up approximately 2.40% of Ntv Asset Management’s portfolio.

General Electric Company opened for trading at $29.68 and hit $30.24 on the upside on Friday, eventually ending the session at $30.12, with a gain of 0.77% or 0.23 points. The heightened volatility saw the trading volume jump to 2,83,01,406 shares. Company has a market cap of $276,973 M.

Other Hedge Funds, Including , Hamel Associates reduced its stake in GE by selling 800 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 253,735 shares of GE which is valued at $7,642,498. General Electric Company makes up approx 4.05% of Hamel Associates’s portfolio.Armstrong Shaw Associates Incct reduced its stake in GE by selling 30,035 shares or 7.45% in the most recent quarter. The Hedge Fund company now holds 373,203 shares of GE which is valued at $11,475,992. General Electric Company makes up approx 2.94% of Armstrong Shaw Associates Incct’s portfolio.Highstreet Asset Management reduced its stake in GE by selling 97,332 shares or 48.97% in the most recent quarter. The Hedge Fund company now holds 101,440 shares of GE which is valued at $3,120,294. General Electric Company makes up approx 1.10% of Highstreet Asset Management’s portfolio.Mechanics Bank Trust Department reduced its stake in GE by selling 2,074 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 151,241 shares of GE which is valued at $4,652,173. General Electric Company makes up approx 1.79% of Mechanics Bank Trust Department’s portfolio.Somerset Group reduced its stake in GE by selling 1,615 shares or 2.48% in the most recent quarter. The Hedge Fund company now holds 63,465 shares of GE which is valued at $1,952,183. General Electric Company makes up approx 2.05% of Somerset Group’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. 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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