Retirement Income Solutions Inc bought a new position in General Electric (NYSE:GE) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 19,601 shares of the conglomerate’s stock, valued at approximately $342,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners increased its position in shares of General Electric by 2.5% in the third quarter. Boston Partners now owns 14,588,765 shares of the conglomerate’s stock worth $352,756,000 after acquiring an additional 360,154 shares in the last quarter. Gabelli Funds LLC grew its position in General Electric by 10.2% during the third quarter. Gabelli Funds LLC now owns 2,225,000 shares of the conglomerate’s stock valued at $53,801,000 after purchasing an additional 206,644 shares in the last quarter. Brookstone Capital Management grew its position in General Electric by 17.3% during the third quarter. Brookstone Capital Management now owns 315,454 shares of the conglomerate’s stock valued at $7,628,000 after purchasing an additional 46,415 shares in the last quarter. Hennessy Advisors Inc. grew its position in General Electric by 36.2% during the third quarter. Hennessy Advisors Inc. now owns 328,734 shares of the conglomerate’s stock valued at $7,949,000 after purchasing an additional 87,350 shares in the last quarter. Finally, DnB Asset Management AS grew its position in General Electric by 1.5% during the fourth quarter. DnB Asset Management AS now owns 1,178,458 shares of the conglomerate’s stock valued at $20,564,000 after purchasing an additional 17,500 shares in the last quarter. 55.96% of the stock is currently owned by institutional investors and hedge funds.
GE stock opened at $14.97 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.76 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $130.50 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 2.92 and a beta of 1.02. General Electric has a 12 month low of $12.73 and a 12 month high of $29.47.
General Electric (NYSE:GE) last posted its earnings results on Friday, April 20th. The conglomerate reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The company had revenue of $28.66 billion during the quarter, compared to the consensus estimate of $27.26 billion. General Electric had a negative net margin of 6.16% and a positive return on equity of 11.22%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. equities research analysts predict that General Electric will post 0.96 EPS for the current fiscal year.
In other General Electric news, major shareholder Electric Co General sold 3,883,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 24th. The shares were sold at an average price of $15.00, for a total value of $58,245,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.12% of the company’s stock.
A number of research analysts recently commented on the stock. TheStreet downgraded shares of General Electric from a “c” rating to a “d+” rating in a research report on Wednesday, January 24th. Stifel Nicolaus reaffirmed a “neutral” rating and set a $15.00 price objective on shares of General Electric in a research report on Friday. ValuEngine downgraded shares of General Electric from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Goldman Sachs set a $14.00 price objective on shares of General Electric and gave the company a “neutral” rating in a research report on Monday, April 23rd. Finally, Zacks Investment Research raised shares of General Electric from a “sell” rating to a “hold” rating in a research report on Wednesday, April 25th. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.92.
General Electric Company 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.
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.