Transcanada (TRP) Valuation Declined While Tiedemann Wealth Management Has Boosted by $3.97 Million Its Stake; R-M Sincerbeaux Capital Management Stake in General Electric Co (GE) Has Cut by $1.70 Million as Shares Declined

April 24, 2018 - By Marguerite Chambers

General Electric Company (NYSE:GE) Logo

R-M Sincerbeaux Capital Management decreased its stake in General Electric Co (GE) by 88.18% based on its latest 2017Q4 regulatory filing with the SEC. R-M Sincerbeaux Capital Management sold 99,800 shares as the company’s stock declined 23.20% with the market. The institutional investor held 13,383 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $234,000, down from 113,183 at the end of the previous reported quarter. R-M Sincerbeaux Capital Management who had been investing in General Electric Co for a number of months, seems to be less bullish one the $126.82 billion market cap company. The stock increased 0.59% or $0.085 during the last trading session, reaching $14.605. About 62.33 million shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 24, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Tiedemann Wealth Management Llc increased its stake in Transcanada Corp (TRP) by 43.95% based on its latest 2017Q4 regulatory filing with the SEC. Tiedemann Wealth Management Llc bought 80,935 shares as the company’s stock declined 16.00% with the market. The institutional investor held 265,072 shares of the natural gas distribution company at the end of 2017Q4, valued at $13.01M, up from 184,137 at the end of the previous reported quarter. Tiedemann Wealth Management Llc who had been investing in Transcanada Corp for a number of months, seems to be bullish on the $38.17 billion market cap company. The stock decreased 1.13% or $0.49 during the last trading session, reaching $42.82. About 2.10 million shares traded or 33.65% up from the average. TransCanada Corporation (NYSE:TRP) has declined 12.65% since April 24, 2017 and is downtrending. It has underperformed by 24.20% the S&P500.

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 100 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by Citigroup on Monday, October 23. RBC Capital Markets maintained General Electric Company (NYSE:GE) rating on Monday, November 30. RBC Capital Markets has “Outperform” rating and $34 target. The stock has “Neutral” rating by UBS on Monday, October 23. Bernstein upgraded the stock to “Outperform” rating in Friday, December 16 report. Stifel Nicolaus maintained it with “Buy” rating and $39.0 target in Wednesday, October 14 report. The rating was maintained by with “Buy” on Monday, October 10. On Monday, November 23 the stock rating was maintained by Credit Suisse with “Outperform”. On Wednesday, August 26 the stock rating was downgraded by TheStreet to “Buy”. Standpoint Research upgraded it to “Hold” rating and $24 target in Thursday, June 29 report. RBC Capital Markets maintained General Electric Company (NYSE:GE) rating on Monday, January 25. RBC Capital Markets has “Outperform” rating and $33 target.

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

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. Great West Life Assurance Co Can invested in 7.58 million shares. Oakbrook Investments Ltd Liability has invested 0.45% in General Electric Company (NYSE:GE). Bonness holds 1.95% of its portfolio in General Electric Company (NYSE:GE) for 164,578 shares. Orrstown Serv Incorporated reported 6,642 shares. Fairfield Bush & has invested 0.29% of its portfolio in General Electric Company (NYSE:GE). Barclays Public Limited Company holds 0.29% in General Electric Company (NYSE:GE) or 20.70 million shares. Telos Inc holds 125,136 shares or 0.77% of its portfolio. 37,891 are held by Btr Cap Mngmt. Dnb Asset Mngmt As stated it has 0.25% in General Electric Company (NYSE:GE). Schwartz Inv Counsel holds 0.02% of its portfolio in General Electric Company (NYSE:GE) for 1,900 shares. Moreover, Bangor State Bank has 0.31% invested in General Electric Company (NYSE:GE) for 61,698 shares. 16.03M were accumulated by Century Cos. Ssi Management has invested 0.03% of its portfolio in General Electric Company (NYSE:GE). Montgomery Inv holds 0.33% or 46,533 shares in its portfolio. Hudson Bay Cap Limited Partnership reported 83,850 shares.

Tiedemann Wealth Management Llc, which manages about $5.35B and $1.31B US Long portfolio, decreased its stake in Schlumberger Ltd (NYSE:SLB) by 43,702 shares to 4,055 shares, valued at $275,000 in 2017Q4, according to the filing. It also reduced its holding in Newmont Mining Corp (NYSE:NEM) by 8,929 shares in the quarter, leaving it with 5,933 shares, and cut its stake in Boeing Co (NYSE:BA).

Among 13 analysts covering TransCanada Corporation (NYSE:TRP), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. TransCanada Corporation had 28 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Hold” rating by Zacks given on Tuesday, September 1. Barclays Capital maintained TransCanada Corporation (NYSE:TRP) on Monday, May 2 with “Equal-Weight” rating. The stock of TransCanada Corporation (NYSE:TRP) has “Outperform” rating given on Friday, April 8 by Credit Suisse. BMO Capital Markets initiated the stock with “Outperform” rating in Friday, October 23 report. Citigroup upgraded the stock to “Buy” rating in Thursday, March 31 report. The stock of TransCanada Corporation (NYSE:TRP) has “Equal-Weight” rating given on Friday, November 17 by Morgan Stanley. Citigroup maintained TransCanada Corporation (NYSE:TRP) on Wednesday, March 28 with “Buy” rating. Morgan Stanley maintained the shares of TRP in report on Friday, February 9 with “Overweight” rating. The company was maintained on Friday, March 23 by Morgan Stanley. Morgan Stanley upgraded the stock to “Buy” rating in Thursday, January 11 report.

General Electric Company (NYSE:GE) Institutional Positions Chart

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