Regentatlantic Capital LLC cut its position in General Electric (NYSE:GE) by 4.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,104 shares of the conglomerate’s stock after selling 8,023 shares during the period. Regentatlantic Capital LLC owned 0.23% of General Electric worth $3,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Toronto Dominion Bank boosted its stake in shares of General Electric by 21.3% in the second quarter. Toronto Dominion Bank now owns 3,375,683 shares of the conglomerate’s stock worth $91,179,000 after acquiring an additional 593,686 shares during the last quarter. Warren Averett Asset Management LLC boosted its stake in shares of General Electric by 7.0% in the second quarter. Warren Averett Asset Management LLC now owns 103,854 shares of the conglomerate’s stock worth $2,805,000 after acquiring an additional 6,799 shares during the last quarter. Destination Wealth Management boosted its stake in shares of General Electric by 5.6% in the second quarter. Destination Wealth Management now owns 775,177 shares of the conglomerate’s stock worth $20,938,000 after acquiring an additional 41,100 shares during the last quarter. Rockland Trust Co. boosted its stake in shares of General Electric by 8.6% in the second quarter. Rockland Trust Co. now owns 205,544 shares of the conglomerate’s stock worth $5,552,000 after acquiring an additional 16,309 shares during the last quarter. Finally, Stoneridge Investment Partners LLC boosted its stake in shares of General Electric by 23.4% in the second quarter. Stoneridge Investment Partners LLC now owns 325,787 shares of the conglomerate’s stock worth $8,800,000 after acquiring an additional 61,746 shares during the last quarter. 55.62% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Chairman John Leonard Flannery acquired 60,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average cost of $18.27 per share, with a total value of $1,096,200.00. Following the completion of the purchase, the chairman now owns 575,477 shares of the company’s stock, valued at approximately $10,513,964.79. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Francisco Dsouza acquired 55,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was purchased at an average cost of $17.94 per share, with a total value of $986,700.00. The disclosure for this purchase can be found here. Insiders acquired 120,500 shares of company stock worth $2,183,220 in the last 90 days. Company insiders own 0.36% of the company’s stock.
Shares of General Electric (NYSE GE) opened at $18.53 on Friday. General Electric has a 1 year low of $17.25 and a 1 year high of $31.77. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $160,690.00, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 2.01 and a beta of 1.07.
General Electric (NYSE:GE) last posted its earnings results on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The business had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.51 billion. During the same quarter in the prior year, the firm earned $0.32 EPS. General Electric’s revenue for the quarter was up 11.5% compared to the same quarter last year. equities research analysts expect that General Electric will post 1.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Wednesday, December 27th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.48 dividend on an annualized basis and a yield of 2.59%. General Electric’s dividend payout ratio is currently 55.81%.
A number of analysts have recently issued reports on GE shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $22.00 price target on shares of General Electric in a research note on Thursday, September 7th. Deutsche Bank reaffirmed a “sell” rating and issued a $21.00 price target (down from $24.00) on shares of General Electric in a research note on Monday, September 11th. Vetr lowered General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 price target on the stock. in a research note on Wednesday, September 13th. Royal Bank of Canada reiterated a “buy” rating and set a $31.00 price objective on shares of General Electric in a research report on Friday, September 15th. Finally, Argus reduced their price objective on General Electric from $30.00 to $27.00 and set a “buy” rating on the stock in a research report on Monday, September 18th. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. General Electric presently has a consensus rating of “Hold” and an average price target of $23.39.
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General Electric Company Profile
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