Beach Investment Counsel Cut By $6.39 Million Its General Electric (GE) Position; 9 Analysts Bullish Amgen, Inc. (AMGN)

September 17, 2017 - By Winifred Garcia

Beach Investment Counsel Inc decreased General Electric (GE) stake by 29.48% reported in 2016Q4 SEC filing. Beach Investment Counsel Inc sold 205,982 shares as General Electric (GE)’s stock declined 7.64%. The Beach Investment Counsel Inc holds 492,649 shares with $15.57 million value, down from 698,631 last quarter. General Electric now has $207.18 billion valuation. The stock decreased 0.37% or $0.09 on September 15, reaching $23.93. About 66.56M shares traded or 79.21% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since September 17, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.

Among 21 analysts covering Amgen Inc. (NASDAQ:AMGN), 9 have Buy rating, 0 Sell and 12 Hold. Therefore 43% are positive. Amgen Inc. had 59 analyst reports since August 3, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, December 15 by Morgan Stanley. Deutsche Bank maintained it with “Buy” rating and $195 target in Friday, July 31 report. The firm has “Buy” rating by UBS given on Thursday, October 29. Citigroup maintained the stock with “Neutral” rating in Friday, July 29 report. On Friday, August 26 the stock rating was initiated by Gabelli with “Hold”. The rating was maintained by Oppenheimer with “Buy” on Wednesday, July 12. The firm has “Market Perform” rating given on Wednesday, July 26 by BMO Capital Markets. The rating was maintained by Citigroup on Wednesday, September 28 with “Neutral”. The rating was maintained by Oppenheimer with “Buy” on Tuesday, August 29. The rating was initiated by Atlantic Securities with “Overweight” on Friday, December 18. See Amgen, Inc. (NASDAQ:AMGN) latest ratings:

15/09/2017 Broker: RBC Capital Markets Rating: Sector Perform New Target: $192 Initiates Coverage On
07/09/2017 Broker: Piper Jaffray Rating: Buy New Target: $193.0 Maintain
29/08/2017 Broker: Oppenheimer Rating: Buy New Target: $203.0 Maintain
27/08/2017 Broker: Jefferies Rating: Buy New Target: $200.0 Maintain
23/08/2017 Broker: Oppenheimer Rating: Buy New Target: $203.0 Maintain
16/08/2017 Broker: Oppenheimer Rating: Buy New Target: $203.0 Maintain
28/07/2017 Broker: Oppenheimer Rating: Buy New Target: $203.0000 Maintain
27/07/2017 Broker: Argus Research Rating: Buy Old Target: $180 New Target: $195 Maintain
26/07/2017 Broker: UBS Rating: Neutral Old Target: $175 New Target: $185 Maintain
26/07/2017 Broker: BMO Capital Markets Old Rating: Outperform New Rating: Market Perform Downgrade

Analysts await General Electric Company (NYSE:GE) to report earnings on October, 20 before the open. They expect $0.50 EPS, up 56.25% or $0.18 from last year’s $0.32 per share. GE’s profit will be $4.33 billion for 11.97 P/E if the $0.50 EPS becomes a reality. After $0.28 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 78.57% EPS growth.

Investors sentiment decreased to 0.79 in Q4 2016. Its down 0.03, from 0.82 in 2016Q3. It fall, as 68 investors sold GE shares while 818 reduced holdings. 116 funds opened positions while 609 raised stakes. 4.64 billion shares or 0.15% more from 4.63 billion shares in 2016Q3 were reported. Pennsylvania Trust, Pennsylvania-based fund reported 1.18M shares. Redwood Limited Liability Co holds 0.01% of its portfolio in General Electric Company (NYSE:GE) for 2,956 shares. Fred Alger Mgmt owns 881,418 shares. Capital Management Ltd holds 0.11% or 36,240 shares in its portfolio. Asset Inc, a New York-based fund reported 152,301 shares. Wells Fargo And Mn owns 55.88M shares. Rowland Communications Inv Counsel Adv reported 209,889 shares. Salient Advsrs Limited Liability stated it has 0.01% of its portfolio in General Electric Company (NYSE:GE). Schulhoff & Company Inc holds 2.43% in General Electric Company (NYSE:GE) or 124,920 shares. Blackrock Grp holds 1.04% or 69.27 million shares. Bancorporation Of The Ozarks invested in 101,062 shares. Btr Capital has 75,934 shares for 0.5% of their portfolio. Guggenheim Ltd Com holds 2.21M shares. Davenport And Company stated it has 3.78 million shares or 1.72% of all its holdings. Northwestern Mutual Wealth Mngmt invested in 792,034 shares.

Since May 15, 2017, it had 3 insider purchases, and 0 insider sales for $3.37 million activity. Shares for $448,800 were bought by Beattie William G on Monday, May 15. $2.81M worth of General Electric Company (NYSE:GE) was bought by IMMELT JEFFREY R on Monday, May 15.

Among 23 analysts covering General Electric Company (NYSE:GE), 11 have Buy rating, 3 Sell and 9 Hold. Therefore 48% are positive. General Electric Company had 58 analyst reports since July 21, 2015 according to SRatingsIntel. As per Monday, April 4, the company rating was downgraded by Bernstein. The rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, July 25. The company was maintained on Wednesday, October 14 by S&P Research. The stock has “Buy” rating by RBC Capital Markets on Monday, July 10. Citigroup initiated General Electric Company (NYSE:GE) on Thursday, January 21 with “Buy” rating. Bernstein upgraded the stock to “Outperform” rating in Friday, December 16 report. The stock has “Outperform” rating by William Blair on Tuesday, October 13. The firm earned “Buy” rating on Wednesday, August 26 by Vetr. The firm has “Outperform” rating by RBC Capital Markets given on Monday, November 30. Stifel Nicolaus maintained General Electric Company (NYSE:GE) rating on Monday, October 19. Stifel Nicolaus has “Buy” rating and $32 target.

Beach Investment Counsel Inc increased Novartis (NYSE:NVS) stake by 34,314 shares to 67,214 valued at $4.90 million in 2016Q4. It also upped Nrg Yield Inc.Class C stake by 340,934 shares and now owns 1.39M shares. Southwest Airlines (NYSE:LUV) was raised too.

Since May 24, 2017, it had 0 buys, and 2 sales for $1.02 million activity. Another trade for 3,700 shares valued at $569,541 was sold by BALTIMORE DAVID. The insider Patton Cynthia M sold 2,922 shares worth $451,164.

Investors sentiment decreased to 1.15 in Q4 2016. Its down 0.10, from 1.25 in 2016Q3. It dived, as 98 investors sold Amgen, Inc. shares while 488 reduced holdings. 111 funds opened positions while 527 raised stakes. 561.98 million shares or 1.23% less from 568.98 million shares in 2016Q3 were reported. Bsw Wealth Prtn holds 0.17% of its portfolio in Amgen, Inc. (NASDAQ:AMGN) for 2,191 shares. Bingham Osborn & Scarborough Ltd Liability Com has 0.04% invested in Amgen, Inc. (NASDAQ:AMGN). Bahl And Gaynor Incorporated invested 1.42% of its portfolio in Amgen, Inc. (NASDAQ:AMGN). Private Fincl Bank And holds 0.1% or 4,827 shares. Pinnacle Fincl Ptnrs Incorporated has invested 1.01% in Amgen, Inc. (NASDAQ:AMGN). Everence Cap Mngmt holds 16,883 shares or 0.71% of its portfolio. Rnc Cap Ltd Liability Company has invested 1.43% of its portfolio in Amgen, Inc. (NASDAQ:AMGN). Mengis Cap Mgmt invested in 1,865 shares. Tocqueville Asset Ltd Partnership holds 0.16% or 86,335 shares. Wheatland Advisors invested in 0.42% or 3,250 shares. Pictet Cie (Europe) Sa has invested 0.05% in Amgen, Inc. (NASDAQ:AMGN). Colorado-based Cetera Limited Liability Corporation has invested 0.11% in Amgen, Inc. (NASDAQ:AMGN). Jefferies Grp Ltd Liability Corporation invested in 826 shares. The Illinois-based Great Lakes Advsr Lc has invested 1.5% in Amgen, Inc. (NASDAQ:AMGN). Virginia Retirement Et Al holds 0.52% or 254,128 shares.

The stock decreased 1.04% or $1.97 on September 15, reaching $187.47. About 5.35M shares traded or 126.69% up from the average. Amgen, Inc. (NASDAQ:AMGN) has risen 5.27% since September 17, 2016 and is uptrending. It has underperformed by 11.43% the S&P500.

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