A flurry of financial and investment activity has been observed surrounding the General Electric Company (NYSE:GE). Several investment firms, including May Hill Capital LLC and Arrowstreet Capital Limited Partnership, have recently acquired new holdings in GE. Additionally, Arete Wealth Advisors LLC and Headlands Technologies LLC have increased their existing stakes. However, not all entities are buying into the company, with firms like Scholtz & Company LLC and Wellington Management Group LLP selling their shares in GE.
In other developments, the company was added to the S&P Aerospace & Defense Index, affirmed its dividend, and formed strategic alliances, which are expected to boost the company's profile. A significant $362.5 million shareholder settlement over its power unit was also reached. There are noteworthy advancements in GE Aerospace, a division of GE, which has shown strong performance and announced plans for a $7 billion buyback. This branch of the company also enhanced its outlook due to strength in its order books. GE presently is focusing on profitable segments like aviation, healthcare, and energy, following a strategic maneuver to restructure into three separate entities.
General Electric Company GE News Analytics from Mon, 18 Jul 2022 07:00:00 GMT to Sat, 05 Apr 2025 22:32:12 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor 5
