FAS Wealth Partners Inc. Makes New Investment in General Electric (NYSE:GE)

FAS Wealth Partners Inc. bought a new position in General Electric (NYSE:GEFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,203 shares of the conglomerate’s stock, valued at approximately $281,000.

A number of other hedge funds have also added to or reduced their stakes in GE. Halpern Financial Inc. increased its holdings in General Electric by 968.4% in the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 184 shares in the last quarter. CGC Financial Services LLC increased its holdings in shares of General Electric by 90.2% during the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 110 shares in the last quarter. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of General Electric by 808.1% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 299 shares in the last quarter. Financial Freedom LLC bought a new stake in shares of General Electric during the fourth quarter valued at approximately $32,000. Finally, Macroview Investment Management LLC increased its holdings in shares of General Electric by 43.4% during the third quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 96 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the transaction, the senior vice president now owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Michael J. Holston sold 13,601 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the transaction, the senior vice president now owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the transaction, the senior vice president now directly owns 56,284 shares in the company, valued at approximately $8,153,863.08. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

General Electric Trading Down 22.2 %

Shares of General Electric stock opened at $136.47 on Wednesday. The stock has a fifty day simple moving average of $154.32 and a 200 day simple moving average of $130.76. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. General Electric has a 12-month low of $93.47 and a 12-month high of $180.36. The company has a market capitalization of $149.20 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 2.35 and a beta of 1.29.

General Electric (NYSE:GEGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.13. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The business had revenue of $19.42 billion for the quarter, compared to analysts’ expectations of $17.27 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The business’s revenue was up 15.4% on a year-over-year basis. On average, sell-side analysts anticipate that General Electric will post 4.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GE shares. TheStreet upgraded General Electric from a “c+” rating to a “b+” rating in a report on Tuesday, January 23rd. Jefferies Financial Group boosted their price objective on General Electric from $180.00 to $195.00 in a report on Monday, March 11th. Royal Bank of Canada boosted their price objective on General Electric from $148.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Wells Fargo & Company boosted their price objective on General Electric from $177.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, March 27th. Finally, Barclays boosted their price objective on General Electric from $153.00 to $181.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.08.

View Our Latest Stock Report on General Electric

General Electric Profile

(Free Report)

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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