Bp Plc (BP) Position Has Boosted by Barnett & Company Inc; Solaris Asset Management Has Boosted Holding in General Electric Co (GE) as Stock Price Declined

April 21, 2018 - By Vivian Currie

BP p.l.c. (NYSE:BP) Logo

Solaris Asset Management Llc increased its stake in General Electric Co (GE) by 252.11% based on its latest 2017Q4 regulatory filing with the SEC. Solaris Asset Management Llc bought 24,250 shares as the company’s stock declined 23.20% with the market. The institutional investor held 33,869 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $591,000, up from 9,619 at the end of the previous reported quarter. Solaris Asset Management Llc who had been investing in General Electric Co for a number of months, seems to be bullish on the $126.26B market cap company. The stock increased 3.93% or $0.55 during the last trading session, reaching $14.54. About 188.69M shares traded or 121.66% up from the average. General Electric Company (NYSE:GE) has declined 54.35% since April 21, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Barnett & Company Inc increased its stake in Bp Plc (BP) by 125.35% based on its latest 2017Q4 regulatory filing with the SEC. Barnett & Company Inc bought 21,560 shares as the company’s stock declined 3.20% with the market. The institutional investor held 38,760 shares of the integrated oil company at the end of 2017Q4, valued at $1.63M, up from 17,200 at the end of the previous reported quarter. Barnett & Company Inc who had been investing in Bp Plc for a number of months, seems to be bullish on the $141.94 billion market cap company. The stock decreased 0.39% or $0.17 during the last trading session, reaching $43.5. About 4.25 million shares traded. BP p.l.c. (NYSE:BP) has risen 18.43% since April 21, 2017 and is uptrending. It has outperformed by 6.88% the S&P500.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It is negative, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Jnba Financial Advisors reported 15,369 shares or 0.06% of all its holdings. State Of Tennessee Treasury Department holds 0.33% or 4.20 million shares in its portfolio. Markston Int Limited Com, a New York-based fund reported 15,685 shares. Rosenblum Silverman Sutton S F Ca holds 0.67% of its portfolio in General Electric Company (NYSE:GE) for 106,660 shares. Knott David M holds 0.28% of its portfolio in General Electric Company (NYSE:GE) for 33,680 shares. Gulf Int National Bank (Uk) reported 2.74 million shares. Lipe Dalton invested in 105,033 shares. Prentiss Smith And Co holds 50,272 shares or 0.43% of its portfolio. Barrett Asset Limited Liability Com stated it has 363,946 shares. Meyer Handelman holds 1.98% or 2.36M shares in its portfolio. Bell Commercial Bank invested in 180,915 shares. Page Arthur B has 30,652 shares. Alyeska Investment Group LP reported 8.55M shares. 450,000 are held by Amer Assets Management Ltd Company. Ims Cap Mgmt holds 0.59% of its portfolio in General Electric Company (NYSE:GE) for 54,210 shares.

Solaris Asset Management Llc, which manages about $176.47M US Long portfolio, decreased its stake in Nucor Corp (NYSE:NUE) by 22,417 shares to 37,383 shares, valued at $2.38 million in 2017Q4, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 1,940 shares in the quarter, leaving it with 41,289 shares, and cut its stake in Iac Interactive (NASDAQ:IACI).

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. Therefore 29% are positive. General Electric Company had 99 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, August 26 by TheStreet. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Tuesday, October 24 by Stifel Nicolaus. JP Morgan maintained the stock with “Underweight” rating in Tuesday, March 13 report. The stock of General Electric Company (NYSE:GE) earned “Sell” rating by Deutsche Bank on Tuesday, November 21. Argus Research maintained it with “Buy” rating and $36.0 target in Wednesday, December 23 report. The firm earned “Buy” rating on Friday, October 14 by UBS. The stock of General Electric Company (NYSE:GE) earned “Outperform” rating by Credit Suisse on Thursday, October 5. The company was maintained on Monday, July 10 by RBC Capital Markets. Bank of America upgraded the shares of GE in report on Monday, October 23 to “Buy” rating. The stock has “Hold” rating by Bank of America on Monday, January 22.

Since January 26, 2018, it had 1 buying transaction, and 0 sales for $43,446 activity.

General Electric Company (NYSE:GE) Institutional Positions Chart

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