D Orazio & Associates Inc. lifted its position in General Electric (NYSE:GE) by 22.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,331 shares of the conglomerate’s stock after acquiring an additional 4,098 shares during the quarter. D Orazio & Associates Inc.’s holdings in General Electric were worth $390,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Goelzer Investment Management Inc. grew its position in General Electric by 32.7% during the fourth quarter. Goelzer Investment Management Inc. now owns 168,961 shares of the conglomerate’s stock valued at $2,948,000 after buying an additional 41,622 shares during the period. Dubuque Bank & Trust Co. lifted its holdings in General Electric by 14.3% during the fourth quarter. Dubuque Bank & Trust Co. now owns 48,816 shares of the conglomerate’s stock valued at $852,000 after purchasing an additional 6,111 shares during the last quarter. AE Wealth Management LLC lifted its holdings in General Electric by 14.9% during the fourth quarter. AE Wealth Management LLC now owns 143,618 shares of the conglomerate’s stock valued at $2,506,000 after purchasing an additional 18,647 shares during the last quarter. Retirement Income Solutions Inc purchased a new stake in General Electric during the fourth quarter valued at about $342,000. Finally, PenderFund Capital Management Ltd. purchased a new stake in General Electric during the fourth quarter valued at about $204,000. Institutional investors own 53.88% of the company’s stock.
Shares of General Electric opened at $15.26 on Tuesday, MarketBeat reports. General Electric has a 12-month low of $12.73 and a 12-month high of $29.47. The stock has a market capitalization of $129.98 billion, a PE ratio of 14.53, a PEG ratio of 2.91 and a beta of 1.02. The company has a current ratio of 1.76, a quick ratio of 1.48 and a debt-to-equity ratio of 1.44.
General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, April 20th. The conglomerate reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The company had revenue of $28.66 billion for the quarter, compared to analysts’ expectations of $27.26 billion. General Electric had a negative net margin of 6.16% and a positive return on equity of 11.22%. General Electric’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share. analysts anticipate that General Electric will post 0.96 earnings per share for the current year.
Several research firms have commented on GE. JPMorgan Chase reaffirmed a “sell” rating and set a $16.00 price objective on shares of General Electric in a report on Wednesday, January 24th. Goldman Sachs set a $18.00 price objective on shares of General Electric and gave the company a “neutral” rating in a report on Wednesday, January 24th. Morningstar set a $23.50 price objective on shares of General Electric and gave the company a “buy” rating in a report on Tuesday, January 23rd. Royal Bank of Canada set a $20.00 price objective on shares of General Electric and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Citigroup dropped their price objective on shares of General Electric from $24.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Seven equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $17.92.
In related news, major shareholder Electric Co General sold 3,883,000 shares of the company’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 legal filing with the SEC, which is available through the SEC website. 1.12% of the stock is currently owned by corporate insiders.
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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