General Electric Co. (GE) Shares Bought by Stillwater Investment Management LLC
Stillwater Investment Management LLC increased its position in shares of General Electric Co. (NYSE:GE) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,245 shares of the company’s stock after buying an additional 2,613 shares during the period. General Electric accounts for 1.6% of Stillwater Investment Management LLC’s investment portfolio, making the stock its 11th largest position. Stillwater Investment Management LLC’s holdings in General Electric were worth $2,999,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Nexus Investment Management Inc. raised its position in General Electric by 0.4% in the second quarter. Nexus Investment Management Inc. now owns 691,285 shares of the company’s stock valued at $21,762,000 after buying an additional 2,600 shares during the last quarter. Kistler Tiffany Companies LLC raised its position in General Electric by 0.6% in the second quarter. Kistler Tiffany Companies LLC now owns 111,883 shares of the company’s stock valued at $3,522,000 after buying an additional 672 shares during the last quarter. First PREMIER Bank raised its position in shares of General Electric by 2.8% in the second quarter. First PREMIER Bank now owns 74,098 shares of the company’s stock worth $2,332,000 after buying an additional 1,990 shares in the last quarter. Integrated Investment Consultants LLC raised its position in shares of General Electric by 4.9% in the second quarter. Integrated Investment Consultants LLC now owns 89,107 shares of the company’s stock worth $2,805,000 after buying an additional 4,178 shares in the last quarter. Finally, Indiana Trust & Investment Management CO raised its position in shares of General Electric by 3.4% in the second quarter. Indiana Trust & Investment Management CO now owns 102,003 shares of the company’s stock worth $3,211,000 after buying an additional 3,354 shares in the last quarter. Institutional investors own 53.50% of the company’s stock.
General Electric Co. (NYSE:GE) traded down 0.60% during mid-day trading on Monday, reaching $31.25. 22,092,675 shares of the company traded hands. General Electric Co. has a one year low of $27.10 and a one year high of $33.00. The firm has a market cap of $276.45 billion, a PE ratio of 26.87 and a beta of 1.20. The stock’s 50-day moving average price is $29.59 and its 200-day moving average price is $30.44.
General Electric (NYSE:GE) last announced its quarterly earnings data on Friday, October 21st. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. General Electric had a net margin of 8.93% and a return on equity of 16.08%. The company earned $29.30 billion during the quarter, compared to analysts’ expectations of $29.64 billion. During the same quarter in the prior year, the company posted $0.29 EPS. The business’s revenue was up 3.8% on a year-over-year basis. Analysts forecast that General Electric Co. will post $1.49 earnings per share for the current fiscal year.
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A number of brokerages have commented on GE. Zacks Investment Research lowered shares of General Electric from a “hold” rating to a “sell” rating in a report on Monday, October 24th. Vetr lowered shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $32.72 price objective on the stock. in a report on Monday, October 31st. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $26.00 price objective on shares of General Electric in a report on Thursday, August 11th. RBC Capital Markets set a $36.00 price objective on shares of General Electric and gave the stock a “buy” rating in a report on Tuesday, October 11th. Finally, Goldman Sachs Group Inc. set a $30.00 price objective on shares of General Electric and gave the stock a “neutral” rating in a report on Monday, November 21st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $32.56.
In other news, Chairman Jeffrey R. Immelt bought 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The stock was acquired at an average price of $29.24 per share, for a total transaction of $1,462,000.00. Following the transaction, the chairman now directly owns 2,248,688 shares of the company’s stock, valued at approximately $65,751,637.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is currently owned by insiders.
About General Electric
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