Neuburgh Advisers LLC Has $2.17 Million Position in General Electric (GE)

Neuburgh Advisers LLC boosted its holdings in General Electric (NYSE:GE) by 24.7% in the fourth quarter, HoldingsChannel reports. The firm owned 286,722 shares of the conglomerate’s stock after purchasing an additional 56,712 shares during the quarter. Neuburgh Advisers LLC’s holdings in General Electric were worth $2,171,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GE. Pzena Investment Management LLC lifted its stake in General Electric by 90.0% in the fourth quarter. Pzena Investment Management LLC now owns 63,363,498 shares of the conglomerate’s stock valued at $479,662,000 after acquiring an additional 30,017,912 shares during the last quarter. Canyon Capital Advisors LLC acquired a new stake in General Electric in the third quarter valued at $200,510,000. Oregon Public Employees Retirement Fund lifted its stake in General Electric by 1,719.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 17,319,274 shares of the conglomerate’s stock valued at $2,288,000 after acquiring an additional 16,367,170 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in General Electric by 13.3% in the third quarter. The Manufacturers Life Insurance Company now owns 102,536,305 shares of the conglomerate’s stock valued at $1,157,635,000 after acquiring an additional 12,033,153 shares during the last quarter. Finally, Capital International Investors lifted its stake in General Electric by 116.9% in the third quarter. Capital International Investors now owns 16,717,391 shares of the conglomerate’s stock valued at $188,739,000 after acquiring an additional 9,009,515 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

NYSE GE opened at $9.88 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 1.77 and a debt-to-equity ratio of 1.62. The stock has a market cap of $86.83 billion, a PE ratio of 15.20, a P/E/G ratio of 2.27 and a beta of 0.99. General Electric has a 52-week low of $6.66 and a 52-week high of $15.59.

General Electric (NYSE:GE) last posted its earnings results on Tuesday, April 30th. The conglomerate reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $27.29 billion during the quarter, compared to analysts’ expectations of $27.31 billion. General Electric had a negative net margin of 14.65% and a positive return on equity of 10.32%. General Electric’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 EPS. As a group, equities research analysts expect that General Electric will post 0.61 earnings per share for the current year.

GE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $10.16 price target (up previously from $1.06) on shares of General Electric in a research note on Friday, February 1st. Argus upgraded shares of General Electric from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Royal Bank of Canada increased their price target on shares of General Electric from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, February 1st. ValuEngine upgraded shares of General Electric from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. Finally, Barclays increased their price target on shares of General Electric from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $12.11.

In other news, insider Russell Stokes sold 49,904 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were 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 owns 265,986 shares in the company, valued at approximately $2,641,240.98. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.13% of the company’s stock.

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General Electric Company 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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