Hall Laurie J Trustee cut its holdings in shares of General Electric (NYSE:GE) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 286,507 shares of the conglomerate’s stock after selling 17,514 shares during the quarter. General Electric comprises 2.8% of Hall Laurie J Trustee’s portfolio, making the stock its 11th biggest holding. Hall Laurie J Trustee’s holdings in General Electric were worth $5,000,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Beach Investment Management LLC. acquired a new position in General Electric in the 2nd quarter valued at $5,487,000. Comprehensive Portfolio Management LLC acquired a new position in General Electric in the 2nd quarter valued at $932,000. Hourglass Capital LLC grew its holdings in General Electric by 10.4% in the 2nd quarter. Hourglass Capital LLC now owns 266,112 shares of the conglomerate’s stock valued at $7,188,000 after buying an additional 25,020 shares in the last quarter. Private Vista LLC acquired a new position in General Electric in the 2nd quarter valued at $368,000. Finally, Sicart Associates LLC grew its holdings in General Electric by 5.6% in the 2nd quarter. Sicart Associates LLC now owns 37,800 shares of the conglomerate’s stock valued at $1,021,000 after buying an additional 2,000 shares in the last quarter. 56.12% of the stock is currently owned by institutional investors and hedge funds.
NYSE:GE opened at $14.05 on Thursday. The firm has a market cap of $126,071.01, a PE ratio of 13.38, a P/E/G ratio of 2.72 and a beta of 1.02. The company has a quick ratio of 1.59, a current ratio of 1.87 and a debt-to-equity ratio of 1.72. General Electric has a fifty-two week low of $12.73 and a fifty-two week high of $29.55.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 25th. Investors of record on Monday, February 26th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.48 annualized dividend and a dividend yield of 3.42%. General Electric’s dividend payout ratio is currently 45.71%.
In other General Electric news, insider Alexander Dimitrief acquired 2,689 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was acquired at an average cost of $16.16 per share, for a total transaction of $43,454.24. Following the transaction, the insider now directly owns 81,185 shares in the company, valued at $1,311,949.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.12% of the stock is owned by corporate insiders.
A number of research analysts have commented on the company. Vetr lowered General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 price objective on the stock. in a report on Wednesday, January 10th. JPMorgan Chase reaffirmed a “sell” rating and issued a price objective on shares of General Electric in a report on Monday, January 15th. Deutsche Bank reaffirmed a “sell” rating and issued a $15.00 price objective on shares of General Electric in a report on Wednesday, January 17th. Vertical Research set a $18.00 price objective on General Electric and gave the company a “hold” rating in a report on Tuesday, January 16th. Finally, Tigress Financial reaffirmed a “hold” rating on shares of General Electric in a report on Thursday, December 28th. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $17.86.
General Electric Profile
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.
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