Published: Thu, December 07, 2017
Business | By Max Garcia

General Electric to cut 12000 jobs in power business revamp

General Electric to cut 12000 jobs in power business revamp

Private Ocean, a California-based fund reported 2,069 shares.

WARNING: "American Electric Power Company Inc (AEP) Stake Lessened by Dai Ichi Life Insurance Company Ltd" was first published by The Lincolnian Online and is the property of of The Lincolnian Online. Moreover, Hussman Strategic has 0.02% invested in American Electric Power Company, Inc. Exxonmobil Invest Mngmt Tx reported 1.67M shares. Stonebridge Advisors Limited Liability Corp accumulated 228,474 shares. TEGNA Inc. (NYSE:TGNA) has a Price to Book ratio of 4.048781. The fund owned 153,881 shares of the utilities provider's stock after selling 20,000 shares during the quarter. Sfmg Ltd Liability holds 0.15% in General Electric Company (NYSE:GE) or 27,528 shares. The ERP5 of American Electric Power Company, Inc. (NYSE:AEP) for 33,202 shares.

1607 Capital Partners Llc holds 1.49% of its portfolio in BlackRock Enhanced International Dividend Trust for 3.97 million shares. Girard Prtnrs Limited reported 2,881 shares or 0.04% of all its holdings. Kcm Investment Limited owns 716,240 shares for 1.21% of their portfolio.

The Return on Invested Capital (aka ROIC) for American Electric Power Company, Inc. Essex Financial Services Inc sold 21,719 shares as General Electric Co (GE)'s stock declined 7.64%. (NYSE:AEP) for 12,238 shares.

BlueFire Renewables, Inc. focuses on developing, owning, and operating carbohydrate transportation fuel plants or bio-refineries to produce ethanol in North America. Wills Gp stated it has 0.28% in General Electric Company (NYSE:GE). The transaction was disclosed in a filing with the SEC, which is accessible through this link. Crow Point Partners Llc sold 150,000 shares as the company's stock rose 7.19% with the market.

There are 947 institutional holders with active positions, accounting for 350.96 million shares in total. The stock increased 0.37% or $0.0656 during the last trading session, reaching $17.7256. Almost 2.63 million shares were traded by the close, higher than its average daily volume of 2.13 million shares. American Electric Power Company, Inc. BlackRock Enhanced International Dividend Trust (NYSE:BGY) has risen 10.19% since December 5, 2016 and is uptrending. It has underperformed by 9.07% the S&P500. It also upped Ishares Tr Msci Eafeetf (EFA) stake by 4,962 shares and now owns 20,595 shares. (NASDAQ:III). Renaissance Technology Ltd Com invested in 0.01% or 1.85 million shares.

Analysts await American Electric Power Company, Inc. They expect $0.76 earnings per share, up 13.43% or $0.09 from last year's $0.67 per share. GE's profit will be $2.43B for 16.02 P/E if the $0.28 EPS becomes a reality.

The beleaguered manufacturer has eliminated a total of 19,242 jobs in 2017, including Thursday's news that it would reduce its power-business workforce by 12,000.

General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, October 20th. American Electric Power's dividend payout ratio is presently 64.92%.

The ERP5 Rank is an investment tool that analysts use to discover undervalued companies. In the past year there have been a total of 15 insider trades, including 0 open market buys and 15 sells. Therefore 42% are positive. The Piotroski F-Score of General Electric Company (NYSE:GE) is 5. The stock has "Buy" rating by Noble Financial on Monday, November 13. The stock has "Overweight" rating by Barclays Capital on Friday, March 18. CFRA has "Hold" rating and $2700 target. Following the acquisition, the director now owns 5,500 shares of the company's stock, valued at approximately $100,320. (NYSE:AEP) earned "Buy" rating by SunTrust on Monday, December 4. The firm has "Buy" rating by Canaccord Genuity given on Tuesday, June 7. On Monday, July 17 the stock rating was maintained by Morgan Stanley with "Equal-Weight". The rating was maintained by Credit Suisse with "Buy" on Wednesday, April 12.

Like this: