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techkenyot.com February 17, 2018


GE cutting 12K jobs from Power unit to reduce structural costs

07 December 2017, 07:52 | Hattie Nash

GE cutting 12K jobs from Power unit to reduce structural costs

GE cutting 12K jobs from Power unit to reduce structural costs

Private Ocean, a California-based fund reported 2,069 shares. American Electric Power Company, Inc. Its up 0.10, from 0.99 in 2017Q1. 43,913,600 shares of the stock were exchanged, compared to its average volume of 45,110,766. It has outperformed by 12.26% the S&P500. Westwood Il holds 0.04% or 10,500 shares. The First Fiduciary Investment Counsel Inc holds 749,269 shares with $20.24 million value, up from 730,758 last quarter. Ullmann Financial Group Inc. purchased a new position in General Electric in the 1st quarter valued at approximately $106,000. The stock increased 1.59% or $0.28 during the last trading session, reaching $17.94. The insider now holds 56,834 shares of American Electric Power Company, Inc. It has underperformed by 6.51% the S&P500. Mirador Partners Lp holds 3,642 shares or 0.16% of its portfolio.

General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, October 20th. In the previous year there have been a total of 15 insider trades, including 0 open market buys and 15 sells. AEP's profit will be $373.83 million for 25.24 P/E if the $0.76 EPS becomes a reality. ValuEngine raised shares of American Electric Power from a "hold" rating to a "buy" rating in a research note on Tuesday, November 14th.

Broadcom Limited (AVGO) Analysts See $3.92 EPS
With 2.76 million avg volume, 1 days are for Broadcom Limited Ord (NASDAQ: AVGO)'s short sellers to cover AVGO's short positions. Broadcom has been working to convince investors that its offer of $70 a share provides the most value to shareholders.

Investors sentiment decreased to 0.79 in 2017 Q2. Its down 0.03, from 0.82 in 2017Q1. It improved, as 37 investors sold AEP shares while 255 reduced holdings. 111 funds opened positions while 598 raised stakes. Following the acquisition, the director now owns 5,500 shares of the company's stock, valued at approximately $100,320. Homrich & Berg now owns 16,034 shares of the utilities provider's stock valued at $1,114,000 after acquiring an additional 321 shares in the last quarter. Sound Shore Mgmt Ct holds 2.85% or 6.44M shares in its portfolio. Lazard Asset Management Limited Liability Corporation has invested 0.29% in General Electric Company (NYSE:GE). Girard Prtnrs Limited reported 2,881 shares or 0.04% of all its holdings. Duncker Streett Incorporated accumulated 0.11% or 4,975 shares. (NYSE:AEP). Spirit Of America Mgmt reported 7,920 shares. Macguire Cheswick & Tuttle Investment Counsel Llc sold 68,110 shares as General Electric Co (GE)'s stock declined 7.64%. Bowling Port Mngmt Ltd Liability Co holds 0.42% or 106,442 shares. (NYSE:AEP) might see muted action given an ABR of 2.4 or Hold rating. Therefore 40% are positive. The stock recovered -0.83% since its low point and has performed -31.3% year-to-date. The company now has a consensus rating of "Hold" and a consensus target price of $73.91. Friday's USA job report is projected to show an increase in payrolls, while the unemployment rate continues to hold at an nearly 17-year low of 4.1 percent. On Wednesday, July 20 the stock rating was maintained by Citigroup with "Neutral". The firm has "House Stock" rating by Shore Capital given on Thursday, June 22. The rating was maintained by Barclays Capital with "Overweight" on Monday, October 5. Alpine Woods Capital Invsts Lc invested 0.05% in General Electric Company (NYSE:GE). CFRA has "Hold" rating and $2700 target.

Trimming the workforce will help GE achieve its goal of slicing $1 billion of structural costs next year in the power division. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock.

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Analysts await American Electric Power Company, Inc. Canaccord Genuity maintained it with "Buy" rating and GBX 320 target in Tuesday, November 28 report. As per Thursday, September 17, the company rating was maintained by Jefferies. (NYSE:AEP) higher to the next line of resistance at $78.44 a share. The firm earned "Equal-Weight" rating on Monday, November 13 by Morgan Stanley. (NASDAQ:III) on Tuesday, August 8 with "Buy" rating. The stock of SafeCharge International Group Limited (LON:SCH) has "Buy" rating given on Thursday, July 23 by Numis Securities.

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