Oxbow Advisors LLC lowered its position in General Electric Company (NYSE:GE) by 3.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 148,694 shares of the conglomerate’s stock after selling 6,034 shares during the period. Oxbow Advisors LLC’s holdings in General Electric were worth $4,016,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. Benson Investment Management Company Inc. raised its position in shares of General Electric by 6.3% in the second quarter. Benson Investment Management Company Inc. now owns 86,037 shares of the conglomerate’s stock worth $2,324,000 after acquiring an additional 5,100 shares during the period. Delta Asset Management LLC TN raised its position in shares of General Electric by 2.1% in the second quarter. Delta Asset Management LLC TN now owns 64,043 shares of the conglomerate’s stock worth $1,730,000 after acquiring an additional 1,300 shares during the period. Bridges Investment Counsel Inc. raised its position in shares of General Electric by 67.7% in the second quarter. Bridges Investment Counsel Inc. now owns 191,149 shares of the conglomerate’s stock worth $5,163,000 after acquiring an additional 77,153 shares during the period. Bridges Investment Management Inc. raised its position in shares of General Electric by 5.1% in the second quarter. Bridges Investment Management Inc. now owns 143,631 shares of the conglomerate’s stock worth $3,880,000 after acquiring an additional 7,024 shares during the period. Finally, Private Bank & Trust Co. raised its position in shares of General Electric by 29.2% in the second quarter. Private Bank & Trust Co. now owns 101,342 shares of the conglomerate’s stock worth $2,738,000 after acquiring an additional 22,914 shares during the period. Institutional investors and hedge funds own 54.78% of the company’s stock.

General Electric Company (NYSE GE) traded down 0.37% during mid-day trading on Friday, hitting $23.93. 66,559,977 shares of the stock traded hands. The firm’s 50-day moving average is $24.82 and its 200-day moving average is $27.58. General Electric Company has a 12-month low of $23.58 and a 12-month high of $32.38. The company has a market cap of $207.18 billion, a price-to-earnings ratio of 29.15 and a beta of 1.22.

General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $29.56 billion during the quarter, compared to analyst estimates of $29.07 billion. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The company’s revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. Equities research analysts expect that General Electric Company will post $1.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Friday, September 15th. General Electric’s dividend payout ratio is presently 118.52%.

In other news, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $25.65, for a total value of $633,375.45. Following the completion of the transaction, the insider now owns 175,717 shares of the company’s stock, valued at $4,507,141.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO John Leonard Flannery acquired 103,983 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was purchased at an average cost of $25.56 per share, with a total value of $2,657,805.48. Following the transaction, the chief executive officer now owns 509,430 shares of the company’s stock, valued at $13,021,030.80. The disclosure for this purchase can be found here. In the last three months, insiders bought 233,253 shares of company stock valued at $5,860,264. Company insiders own 0.36% of the company’s stock.

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A number of research analysts have weighed in on GE shares. Deutsche Bank AG set a $24.00 price objective on shares of General Electric and gave the stock a “sell” rating in a research report on Saturday, May 20th. Vetr downgraded shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $30.48 price target for the company. in a research report on Tuesday, July 4th. Morgan Stanley restated an “equal weight” rating and set a $26.00 price target (down previously from $27.00) on shares of General Electric in a research report on Monday, July 24th. BidaskClub downgraded shares of General Electric from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 28th. Finally, J P Morgan Chase & Co set a $22.00 price target on shares of General Electric and gave the stock a “sell” rating in a research report on Monday, July 24th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. General Electric presently has an average rating of “Hold” and a consensus target price of $29.42.

General Electric Company Profile

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

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