Oakworth Capital Inc. Has $1.34 Million Holdings in General Electric (GE)

Oakworth Capital Inc. grew its holdings in shares of General Electric (NYSE:GE) by 10.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,403 shares of the conglomerate’s stock after purchasing an additional 5,121 shares during the period. Oakworth Capital Inc.’s holdings in General Electric were worth $1,335,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Peak Financial Management Inc. lifted its holdings in shares of General Electric by 0.3% during the 2nd quarter. Peak Financial Management Inc. now owns 9,284 shares of the conglomerate’s stock worth $251,000 after acquiring an additional 25 shares during the period. Cutter & CO Brokerage Inc. lifted its holdings in shares of General Electric by 0.3% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate’s stock worth $557,000 after acquiring an additional 67 shares during the period. NorthRock Partners LLC lifted its holdings in shares of General Electric by 0.9% during the 2nd quarter. NorthRock Partners LLC now owns 8,842 shares of the conglomerate’s stock worth $241,000 after acquiring an additional 80 shares during the period. Valmark Advisers Inc. lifted its holdings in shares of General Electric by 1.4% during the 2nd quarter. Valmark Advisers Inc. now owns 9,797 shares of the conglomerate’s stock worth $265,000 after acquiring an additional 138 shares during the period. Finally, Shapiro Capital Management LLC lifted its holdings in shares of General Electric by 0.8% during the 2nd quarter. Shapiro Capital Management LLC now owns 18,868 shares of the conglomerate’s stock worth $510,000 after acquiring an additional 147 shares during the period. Hedge funds and other institutional investors own 55.17% of the company’s stock.

A number of analysts have recently weighed in on GE shares. UBS Group downgraded shares of General Electric from a “buy” rating to a “neutral” rating and cut their price target for the stock from $31.00 to $24.00 in a report on Monday, October 23rd. Deutsche Bank set a $21.00 price target on shares of General Electric and gave the stock a “sell” rating in a report on Monday, October 23rd. Morgan Stanley downgraded shares of General Electric from an “equal weight” rating to an “underweight” rating and set a $22.00 price target for the company. in a 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 target for the company in a report on Monday, October 23rd. Finally, Citigroup set a $28.00 price objective on shares of General Electric and gave the company a “buy” rating in a research note on Monday, October 23rd. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. General Electric presently has a consensus rating of “Hold” and an average price target of $19.86.

In other General Electric news, insider Alexander Dimitrief purchased 2,689 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was purchased at an average price of $16.16 per share, with a total value of $43,454.24. Following the completion of the purchase, the insider now owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.36% of the stock is currently owned by company insiders.

General Electric (NYSE:GE) opened at $15.05 on Monday. The stock has a market cap of $130,514.88, a price-to-earnings ratio of 14.33, a PEG ratio of 2.86 and a beta of 0.93. General Electric has a 52 week low of $14.23 and a 52 week high of $30.59. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.53 and a current ratio of 1.86.

General Electric (NYSE:GE) last released its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The business had revenue of $31.40 billion for 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 was down 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 EPS. sell-side analysts forecast that General Electric will post 0.99 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Monday, February 26th will be paid a dividend of $0.12 per share. 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 currently -66.67%.

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About General Electric

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.

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric (NYSE:GE).

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

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Oakworth Capital Inc. Has $1.34 Million Holdings in General Electric (GE)

Oakworth Capital Inc. grew its holdings in shares of General Electric (NYSE:GE) by 10.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,403 shares of the conglomerate’s stock after buying an additional 5,121 shares during the quarter. Oakworth Capital Inc.’s holdings in General Electric were worth $1,335,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GE. Mcrae Capital Management Inc. lifted its position in General Electric by 2.7% during the 2nd quarter. Mcrae Capital Management Inc. now owns 255,864 shares of the conglomerate’s stock worth $6,911,000 after buying an additional 6,825 shares in the last quarter. Warren Averett Asset Management LLC increased its stake in shares of General Electric by 7.0% during the 2nd quarter. Warren Averett Asset Management LLC now owns 103,854 shares of the conglomerate’s stock worth $2,805,000 after purchasing an additional 6,799 shares during the last quarter. Honkamp Krueger Financial Services Inc. increased its stake in shares of General Electric by 2.1% during the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 169,864 shares of the conglomerate’s stock worth $4,588,000 after purchasing an additional 3,435 shares during the last quarter. Cardinal Capital Management increased its stake in shares of General Electric by 4.9% during the 2nd quarter. Cardinal Capital Management now owns 189,261 shares of the conglomerate’s stock worth $5,112,000 after purchasing an additional 8,884 shares during the last quarter. Finally, Stonebridge Capital Management Inc. increased its stake in shares of General Electric by 9.8% during the 2nd quarter. Stonebridge Capital Management Inc. now owns 309,534 shares of the conglomerate’s stock worth $8,360,000 after purchasing an additional 27,675 shares during the last quarter. 55.17% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Alexander Dimitrief purchased 2,689 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of $16.16 per share, for a total transaction of $43,454.24. Following the purchase, the insider now owns 81,185 shares in the company, valued at $1,311,949.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Several research analysts have recently weighed in on GE shares. JPMorgan Chase & Co. lowered their price objective on shares of General Electric from $19.00 to $17.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 1st. Morningstar set a $23.50 price objective on shares of General Electric and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Citigroup lowered their price objective on shares of General Electric from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Bank of America upgraded 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 note on Monday, October 23rd. Finally, 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 note on Monday, October 23rd. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. General Electric currently has a consensus rating of “Hold” and an average target price of $19.86.

General Electric (GE) opened at $15.05 on Monday. General Electric has a 52 week low of $14.23 and a 52 week high of $30.59. The company has a market cap of $130,514.88, a PE ratio of 14.33, a P/E/G ratio of 2.86 and a beta of 0.93. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 2.09.

General Electric (NYSE:GE) last announced its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). General Electric had a negative net margin of 4.74% and a positive return on equity of 12.26%. The company had revenue of $31.40 billion during the quarter, compared to analyst estimates of $33.93 billion. During the same quarter last year, the company posted $0.46 EPS. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. equities analysts forecast that General Electric will post 0.99 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.19%. General Electric’s dividend payout ratio (DPR) is currently -66.67%.

TRADEMARK VIOLATION WARNING: This piece of content was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://stocknewstimes.com/2018/02/19/oakworth-capital-inc-has-1-34-million-holdings-in-general-electric-ge.html.

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.

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric (NYSE:GE).

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

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