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


Private Ocean, a California-based fund reported 2,069 shares. This is a boost from American Electric Power's previous quarterly dividend of $0.59.

Among 5 analysts covering Safecharge International Group (LON:SCH), 4 have Buy rating, 0 Sell and 1 Hold. About 3.66M shares traded or 72.44% up from the average. BlackRock Enhanced International Dividend Trust (NYSE:BGY) has risen 10.19% since December 5, 2016 and is uptrending. It has outperformed by 12.26% the S&P500.

Shaker Financial Services Llc, a Virginia-based fund reported 191,023 shares.#img1#. Capital Research Global Investors increased its position in American Electric Power by 223.4% during the 2nd quarter. The First Fiduciary Investment Counsel Inc holds 749,269 shares with $20.24 million value, up from 730,758 last quarter. Vanguard Group Inc. lifted its stake in shares of American Electric Power by 2.5% in the 2nd quarter. It has underperformed by 6.51% the S&P500.

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Novare Capital Management Llc, which manages about $695.33 million and $444.07 million US Long portfolio, upped its stake in Exxon (NYSE:XOM) by 4,670 shares to 51,122 shares, valued at $4.13M in 2017Q2, according to the filing. Both companies face growing competitive pressures from renewables and the market for their huge turbines has reversed into an oversupply situation. (NYSE:AEP) to report earnings on January, 25. The firm owned 411,110 shares of the utilities provider's stock after selling 2,970 shares during the period. (AEP) failed to surprise the stock market in its last reported earnings when it earned $1.1 a piece versus the consensus-estimated $1.16.

Investors sentiment increased to 1.09 in Q2 2017. Its down 0.03, from 0.82 in 2017Q1. It improved, as 37 investors sold AEP shares while 255 reduced holdings. 72 funds opened positions while 245 raised stakes. General Electric Co now has $153.15B valuation. The shares were bought at an average cost of $18.27 per share, with a total value of $1,096,200.00. Girard Prtnrs Limited reported 2,881 shares or 0.04% of all its holdings. Parametric Limited Liability Corp owns 17.88 million shares for 0.59% of their portfolio. Pure Fincl invested 0.06% in General Electric Company (NYSE:GE). Moreover, Arete Wealth Advisors Llc has 1.09% invested in the company for 378,810 shares. Reliant Investment Mgmt Ltd Llc owns 28,917 shares. Stockholders of record on Friday, November 10th will be paid a dividend of $0.62 per share. Its up 56.55% from 31,300 shares previously. Ramsay Stattman Vela Price Incorporated owns 66,825 shares. Smith Moore & invested in 4,890 shares. Union National Bank & Trust reported 152,694 shares. Gotham Asset Limited Liability Company holds 0.11% or 284,165 shares. Blue Fincl Capital accumulated 50,542 shares or 0.88% of the stock. They set a "buy" rating and a $79.00 target price for the company. Therefore 42% are positive. General Electric Company had 78 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley with "Equal-Weight" on Monday, July 17. The rating was maintained by Barclays Capital on Thursday, September 3 with "Overweight". (NYSE:AEP) rating on Friday, September 22.

The reductions, accounting for about 18 per cent of GE Power's workforce, will mostly affect professional and production workers outside the USA, said the person, who asked not to be identified discussing the plans before they are revealed. Adding 12,000 jobs to cuts already made in 2017 "will position GE Power" to reach a target of $1 billion in cost reductions next year.

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Among 29 analysts covering Comcast Corporation (NASDAQ:CMCSA), 24 have Buy rating, 1 Sell and 4 Hold. Therefore 80% are positive. On Tuesday, November 14 the stock rating was downgraded by RBC Capital Markets to "Sector Perform". The firm has "Underperform" rating given on Tuesday, October 24 by Oppenheimer. As per Tuesday, July 26, the company rating was upgraded by Goldman Sachs. The firm has "Buy" rating by Numis Securities given on Thursday, March 10.

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