Will a Moody’s Downgrade Threaten These GE Institutional Shareholders?

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This week, Moody’s has indicated to the investing community a potential downgrade of General Electric (NYSE:GE) and its finance unit’s credit ratings. Meanwhile, in its latest analyst note on GE, Citigroup believes the potential downgrade on General Electric will not impact the stock price.

Investors are viewing the potential Moody’s downgrade as a non-issue, considering shares are up almost 1% at $20.26 today. How will institutional investors play the move?

1394 institutional firms indicated owning shares of General Electric Co. (NYSE:GE) in both Q3 2011and Q4 2011. These firms reported owning a total of 5.355 billion shares on 09/30/2011 and 5.418 billion shares on 12/31/2011. The shares closed at $14.94 on 09/30/2011 and $17.75 on 12/31/2011, for an aggregate market value of $80.001 billion and $96.168 billion, respectively.

Here are the ten largest positions in General Electric stock as of the end of December 31st, 2011.

VANGUARD GROUP INC held 412,335,282 shares on 09/30/2011 which were worth $6,160,289,113. On 12/31/2011 the firm held 417,403,888 shares worth $7,408,919,012. This represented an increase of 5,068,606 shares or $1,248,629,899.

STATE STREET CORP held 375,485,991 shares on 09/30/2011 which were worth $5,609,760,706. On 12/31/2011 the firm held 377,436,814 shares worth $6,699,503,449. This represented an increase of 1,950,823 shares or $1,089,742,743.

BLACKROCK INSTITUTIONAL TRUST COMPANY N.A. held 260,029,915 shares on 09/30/2011 which were worth $3,884,846,930. On 12/31/2011 the firm held 275,671,239 shares worth $4,893,164,492. This represented an increase of 15,641,324 shares or $1,008,317,562.

FMR LLC held 177,791,094 shares on 09/30/2011 which were worth $2,656,198,944. On 12/31/2011 the firm held 175,431,844 shares worth $3,113,915,231. This represented a reduction of 2,359,250 shares or $457,716,287.

CAPITAL WORLD INVESTORS held 151,856,400 shares on 09/30/2011 which were worth $2,268,734,616. On 12/31/2011 the firm held 174,620,400 shares worth $3,099,512,100. This represented an increase of 22,764,000 shares or $830,777,484.

BANK OF NEW YORK MELLON CORP held 150,254,614 shares on 09/30/2011 which were worth $2,244,803,933. On 12/31/2011 the firm held 154,029,096 shares worth $2,734,016,454. This represented an increase of 3,774,482 shares or $489,212,521.

NORTHERN TRUST CORP held 150,243,395 shares on 09/30/2011 which were worth $2,244,636,321. On 12/31/2011 the firm held 145,603,275 shares worth $2,584,458,131. This represented a reduction of 4,640,120 shares or $339,821,810.

WELLINGTON MANAGEMENT CO LLP held 113,935,568 shares on 09/30/2011 which were worth $1,702,197,386. On 12/31/2011 the firm held 127,770,322 shares worth $2,267,923,216. This represented an increase of 13,834,754 shares or $565,725,830.

BANK OF AMERICA CORP /DE/ held 79,138,159 shares on 09/30/2011 which were worth $1,182,324,095. On 12/31/2011 the firm held 126,210,732 shares worth $2,240,240,493. This represented an increase of 47,072,573 shares or $1,057,916,398.

PRICE T ROWE ASSOCIATES INC /MD/ held 111,707,749 shares on 09/30/2011 which were worth $1,668,913,770. On 12/31/2011 the firm held 116,096,248 shares worth $2,060,708,402. This represented an increase of 4,388,499 shares or $391,794,632.

About the company: General Electric Company is a diversified technology, media and financial services company. The Company offers products and services ranging from aircraft engines, power generation, and water processing technology to medical imaging, business and consumer financing, media content and industrial products. General Electric conducts operations globally.

To contact the reporter on this story: Alex Capel at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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