General Electric to cut 12000 jobs in power business revamp

The General Electric logo is seen in a Sears store in Schaumburg Illinois

The shares were bought at an average cost of $17.94 per share, for a total transaction of $986,700.00. First Tru Advisors Ltd Partnership stated it has 646,361 shares. Nikko Asset Mngmt Americas holds 58,600 shares.

USA industrial giant General Electric is slashing nearly a fifth of the global workforce in its power business, a move that will result in a swathe of job losses in the UK. Lipe Dalton reported 7,867 shares. In the past 3-month period alone, shares of AEP have appreciated +2.18 - or +2.94%. Sustainable Growth Advisers Lp, a Connecticut-based fund reported 2.35 million shares. Gabelli Funds Ltd Liability Corp reported 819,500 shares stake. Duncker Streett Incorporated accumulated 0.11% or 4,975 shares. With 6,400 avg volume, 8 days are for Asv Holdings Incorporated (NASDAQ:ASV)'s short sellers to cover ASV's short positions. American Elec Pwr Inc now has $37.74 billion valuation. (NYSE:AEP). Sg Americas Lc holds 0.03% or 48,242 shares in its portfolio. Gofen Glossberg Llc Il holds 2.02% or 1.96M shares. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.53 and a current ratio of 1.86.

ILLEGAL ACTIVITY NOTICE: "General Electric Company (GE) Shares Sold by Old Mutual Global Investors UK Ltd." was reported by TrueBlueTribune and is owned by of TrueBlueTribune. Institutional investors and hedge funds own 55.74% of the company's stock. Raymond James Trust N.A. now owns 25,915 shares of the utilities provider's stock valued at $1,820,000 after acquiring an additional 861 shares in the last quarter. The stock decreased 0.56% or $0.1 during the last trading session, reaching $17.66. About 931,775 shares traded. As per Friday, February 10, the company rating was maintained by Scotia Capital. It has underperformed by 9.07% the S&P500. Heightened Asian competition had also increased price pressures.

Analysts await Core Laboratories N.V. (NYSE:CLB) to report earnings on January, 24. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.20). CLB's profit will be $25.60 million for 42.52 P/E if the $0.58 EPS becomes a reality.

GE intends to cut 1,100 jobs from its United Kingdom power business, mainly in Stafford and Rugby. Blue Fin Capital reported 0.21% of its portfolio in American Electric Power Company, Inc. The ex-dividend date of this dividend is Thursday, November 9th. Illinois-based Savant has invested 0.53% in General Electric Company (NYSE:GE). Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Therefore 40% are positive. American Electric Power Company Inc. has $83.0 highest and $7 lowest target. American Electric Power Company Inc. had 60 analyst reports since August 18, 2015 according to SRatingsIntel. The rating was downgraded by Credit Suisse on Friday, October 23 to "Neutral". The firm earned "Equal-Weight" rating on Tuesday, July 25 by Morgan Stanley. American Electric Power's quarterly revenue was down 12.8% compared to the same quarter a year ago. Royal Bank Of Canada reissued a "buy" rating and issued a $31.00 price target on shares of General Electric in a report on Friday, September 15th. The firm has "Buy" rating by S&P Research given on Wednesday, October 14. As per Wednesday, November 18, the company rating was maintained by Macquarie Research.

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