Gratus Capital LLC lifted its position in General Electric (NYSE:GE) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 336,873 shares of the conglomerate’s stock after acquiring an additional 13,973 shares during the period. General Electric accounts for 1.1% of Gratus Capital LLC’s holdings, making the stock its 21st largest position. Gratus Capital LLC’s holdings in General Electric were worth $8,146,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Davidson Investment Advisors lifted its position in General Electric by 25.3% during the third quarter. Davidson Investment Advisors now owns 747,464 shares of the conglomerate’s stock worth $18,073,000 after buying an additional 150,984 shares in the last quarter. Oakworth Capital Inc. lifted its position in General Electric by 10.4% during the third quarter. Oakworth Capital Inc. now owns 54,403 shares of the conglomerate’s stock worth $1,335,000 after buying an additional 5,121 shares in the last quarter. Stelac Advisory Services LLC lifted its position in General Electric by 32.0% during the third quarter. Stelac Advisory Services LLC now owns 34,659 shares of the conglomerate’s stock worth $838,000 after buying an additional 8,400 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in General Electric by 13.9% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 141,209 shares of the conglomerate’s stock worth $3,414,000 after buying an additional 17,220 shares in the last quarter. Finally, Norinchukin Bank The lifted its position in General Electric by 2.4% during the third quarter. Norinchukin Bank The now owns 1,780,204 shares of the conglomerate’s stock worth $43,046,000 after buying an additional 42,271 shares in the last quarter. 55.17% of the stock is currently owned by hedge funds and other institutional investors.
Shares of General Electric (NYSE:GE) opened at $15.05 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $130,514.88, a price-to-earnings ratio of 14.33, a P/E/G ratio of 2.86 and a beta of 0.93. General Electric has a 1-year low of $14.23 and a 1-year high of $30.59.
General Electric (NYSE:GE) last posted its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The firm had revenue of $31.40 billion during the quarter, compared to analysts’ expectations of $33.93 billion. General Electric had a negative net margin of 4.74% and a positive return on equity of 12.26%. General Electric’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. research analysts forecast that General Electric will post 0.99 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.48 annualized dividend and a dividend yield of 3.19%. General Electric’s dividend payout ratio is presently -66.67%.
GE has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on General Electric from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 1st. Vertical Research set a $18.00 price objective on General Electric and gave the stock a “hold” rating in a research report on Tuesday, January 16th. UBS Group initiated coverage on General Electric in a research report on Tuesday, January 23rd. They set a “neutral” rating and a $17.00 price objective on the stock. TheStreet downgraded General Electric from a “c” rating to a “d+” rating in a research report on Wednesday, January 24th. Finally, Citigroup set a $25.00 price objective on General Electric and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.86.
In other news, insider Alexander Dimitrief acquired 2,689 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average price of $16.16 per share, for a total transaction of $43,454.24. Following the acquisition, the insider now owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.36% of the stock is currently owned by insiders.
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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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