General Electric (NYSE:GE) Stock Position Raised by Regentatlantic Capital LLC

Regentatlantic Capital LLC lifted its holdings in shares of General Electric (NYSE:GE) by 4.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,608 shares of the conglomerate’s stock after buying an additional 2,918 shares during the period. Regentatlantic Capital LLC’s holdings in General Electric were worth $657,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bellecapital International Ltd. grew its position in shares of General Electric by 166.4% during the 2nd quarter. Bellecapital International Ltd. now owns 48,990 shares of the conglomerate’s stock valued at $514,000 after buying an additional 30,600 shares during the last quarter. Cornell Pochily Investment Advisors Inc. grew its position in General Electric by 114.2% in the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 32,487 shares of the conglomerate’s stock worth $246,000 after purchasing an additional 17,317 shares during the last quarter. Financial Counselors Inc. grew its position in General Electric by 34.1% in the 4th quarter. Financial Counselors Inc. now owns 505,364 shares of the conglomerate’s stock worth $3,826,000 after purchasing an additional 128,550 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its position in General Electric by 6.3% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 1,474,509 shares of the conglomerate’s stock worth $9,764,000 after purchasing an additional 88,000 shares during the last quarter. Finally, Carroll Financial Associates Inc. grew its position in General Electric by 13.5% in the 2nd quarter. Carroll Financial Associates Inc. now owns 117,920 shares of the conglomerate’s stock worth $1,238,000 after purchasing an additional 14,033 shares during the last quarter. 57.81% of the stock is owned by institutional investors and hedge funds.

GE has been the subject of several recent analyst reports. Zacks Investment Research cut shares of General Electric from a “strong-buy” rating to a “hold” rating and set a $12.00 target price for the company. in a research report on Friday. William Blair restated a “buy” rating on shares of General Electric in a research report on Thursday, June 13th. Cowen restated a “hold” rating and issued a $8.00 target price on shares of General Electric in a research report on Wednesday, May 1st. Citigroup set a $14.00 target price on shares of General Electric and gave the stock a “buy” rating in a research report on Wednesday, June 19th. Finally, JPMorgan Chase & Co. restated a “sell” rating on shares of General Electric in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $11.68.

In other news, Director Edward P. Garden sold 1,289,538 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $10.02, for a total value of $12,921,170.76. Following the completion of the sale, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $250,500. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Edward P. Garden sold 3,370,314 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $9.53, for a total transaction of $32,119,092.42. The disclosure for this sale can be found here. Corporate insiders own 1.13% of the company’s stock.

Shares of NYSE:GE traded down $0.08 during trading on Friday, reaching $10.00. The company had a trading volume of 64,290,489 shares, compared to its average volume of 50,984,664. The business’s fifty day moving average is $10.35. The firm has a market cap of $87.97 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 2.23 and a beta of 1.03. General Electric has a twelve month low of $6.66 and a twelve month high of $13.78. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.73 and a quick ratio of 1.50.

General Electric (NYSE:GE) last issued its quarterly earnings results on Wednesday, July 31st. The conglomerate reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. The company had revenue of $28.83 billion during the quarter, compared to analyst estimates of $28.83 billion. General Electric had a negative net margin of 15.38% and a positive return on equity of 10.64%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 EPS. On average, research analysts forecast that General Electric will post 0.62 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Monday, July 1st were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Friday, June 28th. General Electric’s dividend payout ratio is currently 6.15%.

About General Electric

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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