Renaissance Investment Group buys $2,319,840 stake in General Electric Company (GE)

General Electric Company (GE) : Renaissance Investment Group scooped up 636 additional shares in General Electric Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 80,634 shares of General Electric Company which is valued at $2,319,840.General Electric Company makes up approximately 1.13% of Renaissance Investment Group’s portfolio.

Other Hedge Funds, Including , Murphy Pohlad Asset Management reduced its stake in GE by selling 7,000 shares or 6.41% in the most recent quarter. The Hedge Fund company now holds 102,248 shares of GE which is valued at $2,941,675. General Electric Company makes up approx 2.23% of Murphy Pohlad Asset Management’s portfolio.Daiwa Sb Investments Ltd. reduced its stake in GE by selling 160 shares or 14.68% in the most recent quarter. The Hedge Fund company now holds 930 shares of GE which is valued at $26,896. General Electric Company makes up approx 0.01% of Daiwa Sb Investments Ltd.’s portfolio.Catawba Capital Management Va reduced its stake in GE by selling 8,073 shares or 4.37% in the most recent quarter. The Hedge Fund company now holds 176,805 shares of GE which is valued at $5,141,489. General Electric Company makes up approx 1.23% of Catawba Capital Management Va’s portfolio.Independent Portfolio Consultants reduced its stake in GE by selling 5,005 shares or 12.04% in the most recent quarter. The Hedge Fund company now holds 36,582 shares of GE which is valued at $1,079,169. General Electric Company makes up approx 0.34% of Independent Portfolio Consultants’s portfolio.Cullinan Associates Inc reduced its stake in GE by selling 10,396 shares or 2.28% in the most recent quarter. The Hedge Fund company now holds 445,366 shares of GE which is valued at $13,138,297. General Electric Company makes up approx 1.13% of Cullinan Associates Inc’s portfolio.

General Electric Company opened for trading at $28.75 and hit $29.03 on the upside on Tuesday, eventually ending the session at $28.92, with a gain of 0.21% or 0.06 points. The heightened volatility saw the trading volume jump to 3,09,42,235 shares. Company has a market cap of $259,159 M.

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.

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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