General Electric (GE) Holdings Lowered by Lakeview Capital Partners LLC

Lakeview Capital Partners LLC trimmed its stake in shares of General Electric (NYSE:GE) by 25.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,179 shares of the conglomerate’s stock after selling 16,116 shares during the quarter. General Electric comprises 0.9% of Lakeview Capital Partners LLC’s holdings, making the stock its 28th biggest position. Lakeview Capital Partners LLC owned about 0.07% of General Electric worth $1,117,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. MPS Loria Financial Planners LLC bought a new stake in shares of General Electric in the 2nd quarter worth approximately $113,000. Ffcm LLC bought a new stake in shares of General Electric in the 2nd quarter worth approximately $114,000. Corbenic Partners LLC raised its holdings in shares of General Electric by 15.7% in the 2nd quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after purchasing an additional 725 shares in the last quarter. Bristlecone Advisors LLC bought a new stake in shares of General Electric in the 3rd quarter worth approximately $164,000. Finally, Tuttle Tactical Management LLC bought a new stake in shares of General Electric in the 2nd quarter worth approximately $209,000. Institutional investors own 55.63% of the company’s stock.

In related news, Director Steven M. Mollenkopf acquired 5,500 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were purchased at an average cost of $18.24 per share, with a total value of $100,320.00. Following the completion of the transaction, the director now owns 5,500 shares of the company’s stock, valued at approximately $100,320. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman John Leonard Flannery acquired 60,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average cost of $18.27 per share, for a total transaction of $1,096,200.00. Following the completion of the transaction, the chairman now directly owns 575,477 shares of the company’s stock, valued at approximately $10,513,964.79. The disclosure for this purchase can be found here. Over the last three months, insiders bought 120,500 shares of company stock worth $2,183,220. 0.36% of the stock is currently owned by insiders.

A number of analysts recently commented on the stock. Vetr downgraded shares of General Electric from a “hold” rating to a “sell” rating and set a $23.72 target price on the stock. in a report on Monday, September 25th. Cowen reiterated a “hold” rating and issued a $19.00 target price on shares of General Electric in a report on Wednesday, November 8th. Deutsche Bank set a $21.00 target price on shares of General Electric and gave the stock a “sell” rating in a report on Monday, October 23rd. Tigress Financial reiterated a “hold” rating on shares of General Electric in a report on Thursday, December 28th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of General Electric in a report on Thursday, September 21st. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $23.19.

General Electric (GE) opened at $18.93 on Thursday. The firm has a market cap of $164,080.00, a P/E ratio of 22.01, a PEG ratio of 2.05 and a beta of 1.07. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. General Electric has a 1 year low of $17.25 and a 1 year high of $31.52.

General Electric (NYSE:GE) last released its earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.20). The firm had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.51 billion. General Electric had a return on equity of 13.72% and a net margin of 6.08%. The business’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the business earned $0.32 earnings per share. research analysts predict that General Electric will post 1.07 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Wednesday, December 27th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, December 26th. General Electric’s dividend payout ratio (DPR) is currently 55.81%.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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