Equitable Trust Co. Sells 114 Shares of General Electric (NYSE:GE)

Equitable Trust Co. trimmed its holdings in shares of General Electric (NYSE:GE) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,863 shares of the conglomerate’s stock after selling 114 shares during the quarter. Equitable Trust Co.’s holdings in General Electric were worth $3,813,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GE. LongView Wealth Management bought a new stake in shares of General Electric in the 3rd quarter valued at $225,000. Westend Capital Management LLC lifted its position in shares of General Electric by 52.8% during the 3rd quarter. Westend Capital Management LLC now owns 79,229 shares of the conglomerate’s stock valued at $14,941,000 after acquiring an additional 27,372 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of General Electric by 8.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 62,257 shares of the conglomerate’s stock valued at $11,740,000 after acquiring an additional 4,787 shares during the period. CHICAGO TRUST Co NA lifted its position in shares of General Electric by 2.3% during the 3rd quarter. CHICAGO TRUST Co NA now owns 12,168 shares of the conglomerate’s stock valued at $2,295,000 after acquiring an additional 277 shares during the period. Finally, Exchange Bank lifted its position in shares of General Electric by 2.7% during the 3rd quarter. Exchange Bank now owns 2,894 shares of the conglomerate’s stock valued at $546,000 after acquiring an additional 75 shares during the period. 74.77% of the stock is owned by institutional investors.

Insider Transactions at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is owned by insiders.

General Electric Stock Down 0.4 %

Shares of General Electric stock opened at $205.32 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a 52-week low of $110.57 and a 52-week high of $207.84. The stock has a market capitalization of $220.37 billion, a price-to-earnings ratio of 34.28, a P/E/G ratio of 2.56 and a beta of 1.22. The company’s 50 day moving average price is $179.68 and its 200-day moving average price is $177.89.

General Electric (NYSE:GE) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Equities research analysts forecast that General Electric will post 5.39 EPS for the current year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, December 27th. General Electric’s dividend payout ratio is presently 18.70%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein boosted their target price on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. upped their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Finally, UBS Group upped their price objective on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, General Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.73.

General Electric Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.