SFE Investment Counsel boosted its position in General Electric (NYSE:GE) by 4.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 183,569 shares of the conglomerate’s stock after purchasing an additional 7,532 shares during the period. General Electric makes up about 1.9% of SFE Investment Counsel’s portfolio, making the stock its 19th largest holding. SFE Investment Counsel’s holdings in General Electric were worth $4,439,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Perkins Coie Trust Co increased its holdings in shares of General Electric by 21.4% in the second quarter. Perkins Coie Trust Co now owns 53,947 shares of the conglomerate’s stock valued at $1,457,000 after buying an additional 9,527 shares in the last quarter. City Holding Co. increased its holdings in shares of General Electric by 8.5% in the second quarter. City Holding Co. now owns 145,815 shares of the conglomerate’s stock valued at $3,937,000 after buying an additional 11,395 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of General Electric by 4.1% in the second quarter. Koshinski Asset Management Inc. now owns 95,487 shares of the conglomerate’s stock valued at $2,579,000 after buying an additional 3,719 shares in the last quarter. Oakmont Partners LLC increased its holdings in shares of General Electric by 3.6% in the second quarter. Oakmont Partners LLC now owns 8,034 shares of the conglomerate’s stock valued at $217,000 after buying an additional 278 shares in the last quarter. Finally, Atria Investments LLC increased its holdings in shares of General Electric by 4.8% in the second quarter. Atria Investments LLC now owns 181,993 shares of the conglomerate’s stock valued at $4,916,000 after buying an additional 8,318 shares in the last quarter. Hedge funds and other institutional investors own 55.64% of the company’s stock.
In related news, Chairman John Leonard Flannery purchased 60,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average cost of $18.27 per share, with a total value of $1,096,200.00. Following the completion of the purchase, the chairman now owns 575,477 shares of the company’s stock, valued at approximately $10,513,964.79. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Francisco Dsouza purchased 55,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was bought at an average cost of $17.94 per share, for a total transaction of $986,700.00. The disclosure for this purchase can be found here. Insiders bought 120,500 shares of company stock worth $2,183,220 over the last ninety days. 0.36% of the stock is currently owned by company insiders.
General Electric (NYSE GE) opened at $16.26 on Friday. General Electric has a one year low of $16.02 and a one year high of $30.90. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. The firm has a market cap of $141,008.11, a price-to-earnings ratio of 20.33, a PEG ratio of 2.98 and a beta of 1.07.
General Electric (NYSE:GE) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.20). General Electric had a return on equity of 13.72% and a net margin of 6.08%. The company had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.51 billion. During the same period last year, the company posted $0.32 earnings per share. The company’s revenue was up 11.5% compared to the same quarter last year. research analysts predict that General Electric will post 1.05 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Wednesday, December 27th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Tuesday, December 26th. General Electric’s dividend payout ratio (DPR) is presently 60.00%.
GE has been the topic of several research reports. Vetr cut General Electric from a “hold” rating to a “sell” rating and set a $23.72 price target on the stock. in a report on Monday, September 25th. Morgan Stanley cut their target price on shares of General Electric from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, October 2nd. Credit Suisse Group reissued an “outperform” rating and set a $30.00 target price (down from $33.00) on shares of General Electric in a research note on Thursday, October 5th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $20.00 target price (down from $22.00) on shares of General Electric in a research note on Monday, October 9th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $26.00 target price on shares of General Electric in a research note on Thursday, October 12th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. General Electric presently has an average rating of “Hold” and a consensus target price of $22.94.
ILLEGAL ACTIVITY NOTICE: This piece was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2018/01/21/sfe-investment-counsel-has-4-44-million-stake-in-general-electric-ge.html.
General Electric Company Profile
General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.
Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.