Capital Insight Partners LLC lowered its stake in General Electric (NYSE:GE) by 21.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,898 shares of the conglomerate’s stock after selling 4,545 shares during the quarter. Capital Insight Partners LLC’s holdings in General Electric were worth $128,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in GE. Tortoise Investment Management LLC increased its stake in General Electric by 24.8% during the 3rd quarter. Tortoise Investment Management LLC now owns 8,654 shares of the conglomerate’s stock valued at $98,000 after purchasing an additional 1,719 shares in the last quarter. Amussen Hunsaker Associates LLC bought a new stake in General Electric during the 2nd quarter valued at $134,000. Private Capital Management LLC bought a new stake in General Electric during the 2nd quarter valued at $136,000. Psagot Investment House Ltd. increased its stake in General Electric by 2,862.2% during the 3rd quarter. Psagot Investment House Ltd. now owns 10,190 shares of the conglomerate’s stock valued at $115,000 after purchasing an additional 9,846 shares in the last quarter. Finally, Beech Hill Advisors Inc. bought a new stake in General Electric during the 3rd quarter valued at $119,000. Institutional investors own 54.46% of the company’s stock.
GE has been the subject of a number of recent research reports. JPMorgan Chase & Co. restated a “sell” rating and set a $10.00 price target on shares of General Electric in a research note on Thursday, October 25th. Royal Bank of Canada restated a “buy” rating and set a $15.00 price target on shares of General Electric in a research note on Tuesday, October 30th. Goldman Sachs Group set a $14.00 price target on shares of General Electric and gave the company a “neutral” rating in a research note on Tuesday, October 30th. Citigroup decreased their price target on shares of General Electric from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. Finally, ValuEngine lowered shares of General Electric from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.04.
NYSE GE opened at $10.37 on Thursday. The stock has a market cap of $85.18 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 3.06 and a beta of 0.99. General Electric has a 52 week low of $6.66 and a 52 week high of $15.59. The company has a current ratio of 1.66, a quick ratio of 1.36 and a debt-to-equity ratio of 2.14.
General Electric (NYSE:GE) last released its quarterly earnings data on Thursday, January 31st. The conglomerate reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). The business had revenue of $33.28 billion for the quarter, compared to analysts’ expectations of $32.01 billion. General Electric had a negative net margin of 18.38% and a positive return on equity of 9.84%. On average, analysts anticipate that General Electric will post 0.64 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 25th. Shareholders of record on Thursday, December 20th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.39%. The ex-dividend date was Wednesday, December 19th. General Electric’s dividend payout ratio (DPR) is presently 6.15%.
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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.
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