General Electric (GE) Shares Sold by Wasatch Advisors Inc.

Wasatch Advisors Inc. lessened its stake in General Electric (NYSE:GE) by 36.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,217 shares of the conglomerate’s stock after selling 91,013 shares during the quarter. Wasatch Advisors Inc.’s holdings in General Electric were worth $3,850,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. MPS Loria Financial Planners LLC bought a new stake in shares of General Electric in the second quarter worth $113,000. Ffcm LLC bought a new stake in shares of General Electric in the second quarter worth $114,000. Corbenic Partners LLC lifted its position in shares of General Electric by 15.7% in the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after purchasing an additional 725 shares in the last quarter. Bristlecone Advisors LLC bought a new stake in shares of General Electric in the third quarter worth $164,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in shares of General Electric in the third quarter worth $204,000. Institutional investors own 54.98% of the company’s stock.

GE has been the topic of a number of research reports. Royal Bank of Canada set a $25.00 price objective on shares of General Electric and gave the stock a “buy” rating in a research report on Monday, October 23rd. Citigroup set a $28.00 price objective on shares of General Electric and gave the stock a “buy” rating in a research report on Monday, October 23rd. Bank of America raised shares of General Electric from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Monday, October 23rd. Morningstar reissued a “buy” rating on shares of General Electric in a research report on Tuesday, November 14th. Finally, Vetr lowered shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 price objective on the stock. in a research report on Wednesday, January 10th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. General Electric currently has an average rating of “Hold” and an average price target of $19.86.

In related news, Director Francisco Dsouza acquired 55,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were bought at an average cost of $17.94 per share, with a total value of $986,700.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander Dimitrief acquired 2,689 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was bought at an average cost of $16.16 per share, for a total transaction of $43,454.24. Following the completion of the transaction, the insider now directly owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The disclosure for this purchase can be found here. Insiders bought 58,870 shares of company stock worth $1,049,050 over the last three months. Insiders own 0.36% of the company’s stock.

General Electric (NYSE GE) opened at $15.05 on Friday. The firm has a market cap of $130,510.00, a PE ratio of 13.94, a PEG ratio of 2.86 and a beta of 0.93. General Electric has a 1 year low of $14.23 and a 1 year high of $30.59. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.86 and a quick ratio of 1.53.

General Electric (NYSE:GE) last issued its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The company had revenue of $31.40 billion during the quarter, compared to the consensus estimate of $33.93 billion. General Electric had a negative net margin of 4.74% and a positive return on equity of 12.26%. General Electric’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 earnings per share. sell-side analysts predict that General Electric will post 0.99 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Monday, February 26th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Friday, February 23rd. General Electric’s payout ratio is presently 44.44%.

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General Electric Company Profile

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

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

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