EagleClaw Capital Managment LLC decreased its position in shares of General Electric (NYSE:GE) by 42.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,050 shares of the conglomerate’s stock after selling 10,900 shares during the period. EagleClaw Capital Managment LLC’s holdings in General Electric were worth $363,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. MPS Loria Financial Planners LLC acquired a new position in General Electric during the 2nd quarter valued at approximately $113,000. Ffcm LLC acquired a new position in General Electric during the 2nd quarter valued at approximately $114,000. Corbenic Partners LLC increased its stake in General Electric by 15.7% during the 2nd quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock valued at $144,000 after purchasing an additional 725 shares in the last quarter. Bristlecone Advisors LLC acquired a new position in General Electric during the 3rd quarter valued at approximately $164,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in General Electric during the 3rd quarter valued at approximately $204,000. 56.30% of the stock is owned by institutional investors.
GE stock opened at $13.06 on Friday. The firm has a market cap of $115,304.61, a P/E ratio of 12.44, a PEG ratio of 2.58 and a beta of 1.02. The company has a current ratio of 1.87, a quick ratio of 1.59 and a debt-to-equity ratio of 1.32. General Electric has a one year low of $12.73 and a one year high of $30.54.
General Electric (NYSE:GE) last released its quarterly 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). The firm had revenue of $31.40 billion for the quarter, compared to analyst estimates of $33.93 billion. General Electric had a negative net margin of 4.74% and a positive return on equity of 11.60%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. research analysts predict that General Electric will post 0.96 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be given 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 3.68%. General Electric’s dividend payout ratio is presently 45.71%.
A number of brokerages have issued reports on GE. Vetr lowered shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 price target on the stock. in a research note on Wednesday, January 10th. JPMorgan Chase restated an “underweight” rating and set a $14.00 price target (down previously from $16.00) on shares of General Electric in a research note on Monday, February 12th. Royal Bank of Canada cut their price target on shares of General Electric to $17.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 25th. Citigroup set a $23.00 price objective on shares of General Electric and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, DZ Bank reiterated a “neutral” rating on shares of General Electric in a research note on Friday, January 26th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have given 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 price target of $18.09.
In other news, insider Alexander Dimitrief purchased 2,689 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average price of $16.16 per share, for a total transaction of $43,454.24. Following the completion of the transaction, the insider now owns 81,185 shares in the company, valued at $1,311,949.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.12% of the stock is currently owned by company insiders.
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General Electric Profile
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.
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