Wealthsource Partners Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Wealthsource Partners reduced its stake in General Electric Company by 2.27% during the most recent quarter end. The investment management company now holds a total of 70,218 shares of General Electric Company which is valued at $2,197,121 after selling 1,634 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.General Electric Company makes up approximately 0.79% of Wealthsource Partners’s portfolio.

Other Hedge Funds, Including , Central Trust Co boosted its stake in GE in the latest quarter, The investment management firm added 8,259 additional shares and now holds a total of 942,005 shares of General Electric Company which is valued at $29,475,336. General Electric Company makes up approx 2.14% of Central Trust Co’s portfolio.Hudson Canyon Investment Counselors boosted its stake in GE in the latest quarter, The investment management firm added 2,203 additional shares and now holds a total of 52,610 shares of General Electric Company which is valued at $1,645,641. General Electric Company makes up approx 1.81% of Hudson Canyon Investment Counselors’s portfolio.Private Trust Co Na boosted its stake in GE in the latest quarter, The investment management firm added 13,863 additional shares and now holds a total of 220,231 shares of General Electric Company which is valued at $7,219,172. General Electric Company makes up approx 1.83% of Private Trust Co Na’s portfolio.Mai Capital Management reduced its stake in GE by selling 50,678 shares or 8.79% in the most recent quarter. The Hedge Fund company now holds 525,645 shares of GE which is valued at $17,298,977. General Electric Company makes up approx 1.38% of Mai Capital Management’s portfolio.Naples Global Advisors boosted its stake in GE in the latest quarter, The investment management firm added 1,532 additional shares and now holds a total of 96,854 shares of General Electric Company which is valued at $3,134,195. General Electric Company makes up approx 1.26% of Naples Global Advisors’s portfolio.

General Electric Company (GE) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $31.3 and reached the intraday high at $31.35. The bulls started the profit booking and pushed the shares to intraday low of $31.22. The trading session was marked by a volume range of 1,95,53,314 shares exchanging hands. The 52-week high of the shares is $33 and the 52-week low is $19.37. The market cap of the company stands at $279,949 M and there are 8,96,12,33,000 shares in public circulation.

On the company’s financial health, General Electric Company reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.46. The company had revenue of $33494.00 million for the quarter, compared to analysts expectations of $31573.67 million. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on General Electric Company. Standpoint Research Initiated General Electric Company on Jul 22, 2016 to “Sell”, Price Target of the shares are set at $26.Cowen Initiated General Electric Company on Jun 7, 2016 to “Market Perform”, Price Target of the shares are set at $29.General Electric Company was Resumed by JP Morgan to “Underweight” on May 12, 2016.

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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