Valeo Financial Advisors LLC Lowers Position in General Electric (GE)

Valeo Financial Advisors LLC lessened its position in General Electric (NYSE:GE) by 10.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 142,785 shares of the conglomerate’s stock after selling 16,996 shares during the period. Valeo Financial Advisors LLC’s holdings in General Electric were worth $1,081,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of GE. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in General Electric by 250.0% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 3,500 shares of the conglomerate’s stock worth $26,000 after buying an additional 2,500 shares in the last quarter. Mackey Komara & Dankovich LLC acquired a new position in General Electric during the 4th quarter worth about $27,000. Edge Wealth Management LLC lifted its position in General Electric by 47.4% during the 4th quarter. Edge Wealth Management LLC now owns 4,045 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 1,300 shares during the period. NuWave Investment Management LLC lifted its position in General Electric by 170.3% during the 4th quarter. NuWave Investment Management LLC now owns 6,016 shares of the conglomerate’s stock valued at $46,000 after purchasing an additional 3,790 shares during the period. Finally, Orrstown Financial Services Inc. lifted its position in General Electric by 26.6% during the 4th quarter. Orrstown Financial Services Inc. now owns 7,139 shares of the conglomerate’s stock valued at $54,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 57.72% of the company’s stock.

In related news, insider Russell Stokes sold 49,904 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.93, for a total transaction of $495,546.72. Following the completion of the sale, the insider now directly owns 265,986 shares of the company’s stock, valued at approximately $2,641,240.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.13% of the stock is currently owned by corporate insiders.

Shares of GE stock traded up $0.23 on Friday, reaching $9.35. The company had a trading volume of 51,509,079 shares, compared to its average volume of 62,562,964. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.81 and a quick ratio of 1.52. The stock has a market cap of $81.18 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 3.79 and a beta of 0.99. General Electric has a 12 month low of $6.66 and a 12 month high of $15.59.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 31st. The conglomerate reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). General Electric had a positive return on equity of 9.85% and a negative net margin of 18.38%. The business had revenue of $33.28 billion for the quarter, compared to the consensus estimate of $32.01 billion. As a group, research analysts anticipate that General Electric will post 0.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, March 11th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, March 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.43%. General Electric’s payout ratio is 6.15%.

A number of research firms have issued reports on GE. JPMorgan Chase & Co. downgraded shares of General Electric from a “neutral” rating to an “underweight” rating and cut their target price for the company from $6.00 to $5.00 in a research report on Monday, April 8th. Zacks Investment Research upgraded shares of General Electric from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. ValuEngine upgraded shares of General Electric from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Royal Bank of Canada set a $12.00 target price on shares of General Electric and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Credit Suisse Group restated a “neutral” rating and set a $11.00 target price on shares of General Electric in a research report on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company. General Electric presently has an average rating of “Hold” and an average price target of $12.39.

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General Electric Profile

General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.

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

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