SFE Investment Counsel lifted its position in shares of General Electric (NYSE:GE) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,569 shares of the conglomerate’s stock after buying an additional 7,532 shares during the quarter. General Electric makes up 1.9% of SFE Investment Counsel’s holdings, 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 quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Peak Financial Management Inc. grew its holdings in General Electric by 0.3% during the second quarter. Peak Financial Management Inc. now owns 9,284 shares of the conglomerate’s stock worth $251,000 after acquiring an additional 25 shares during the period. Cutter & CO Brokerage Inc. grew its holdings in General Electric by 0.3% in the second quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate’s stock valued at $557,000 after purchasing an additional 67 shares during the period. NorthRock Partners LLC grew its holdings in General Electric by 0.9% in the second quarter. NorthRock Partners LLC now owns 8,842 shares of the conglomerate’s stock valued at $241,000 after purchasing an additional 80 shares during the period. Valmark Advisers Inc. grew its holdings in General Electric by 1.4% in the second quarter. Valmark Advisers Inc. now owns 9,797 shares of the conglomerate’s stock valued at $265,000 after purchasing an additional 138 shares during the period. Finally, Shapiro Capital Management LLC grew its holdings in General Electric by 0.8% in the second quarter. Shapiro Capital Management LLC now owns 18,868 shares of the conglomerate’s stock valued at $510,000 after purchasing an additional 147 shares during the period. 54.98% of the stock is currently owned by institutional investors and hedge funds.
In other General Electric news, Director Francisco Dsouza acquired 55,000 shares of the stock in a transaction dated Monday, November 20th. The stock was acquired at an average cost of $17.94 per share, with a total value of $986,700.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alexander Dimitrief acquired 2,689 shares of the stock in a transaction dated Monday, January 29th. The shares were acquired at an average cost of $16.16 per share, with a total value of $43,454.24. Following the completion of the transaction, the insider now owns 81,185 shares in the company, valued at approximately $1,311,949.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 124,370 shares of company stock valued at $2,245,570. Insiders own 0.36% of the company’s stock.
General Electric (NYSE:GE) traded down $0.12 on Monday, reaching $14.82. The company had a trading volume of 75,519,457 shares, compared to its average volume of 107,170,000. General Electric has a 1 year low of $14.23 and a 1 year high of $30.59. The firm has a market cap of $128,520.00, a PE ratio of 13.72, a price-to-earnings-growth ratio of 2.83 and a beta of 0.93. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.86 and a quick ratio of 1.53.
General Electric (NYSE:GE) last released its earnings results on Wednesday, January 24th. The conglomerate reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). General Electric had a positive return on equity of 12.26% and a negative net margin of 4.74%. The company had revenue of $31.40 billion for the quarter, compared to analyst estimates of $33.93 billion. During the same period in the previous year, the firm earned $0.46 earnings per share. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. equities research analysts anticipate that General Electric will post 0.99 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, February 23rd. This represents a $0.48 annualized dividend and a yield of 3.24%. General Electric’s payout ratio is 44.44%.
Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. restated an “underweight” rating and issued a $14.00 target price (down previously from $16.00) on shares of General Electric in a research report on Monday. Deutsche Bank restated a “sell” rating and issued a $13.00 target price (down previously from $15.00) on shares of General Electric in a research report on Thursday. Stifel Nicolaus reduced their price objective on General Electric from $18.00 to $17.00 and set a “hold” rating on the stock in a research report on Tuesday, January 30th. TheStreet downgraded General Electric from a “c” rating to a “d+” rating in a research report on Wednesday, January 24th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $16.00 price objective on shares of General Electric in a research report on Tuesday, January 30th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.20.
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About General Electric
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.
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