General Electric Company (GE) Holdings Raised by MCF Advisors LLC
MCF Advisors LLC raised its position in General Electric Company (NYSE:GE) by 8.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,190 shares of the conglomerate’s stock after purchasing an additional 2,489 shares during the period. MCF Advisors LLC’s holdings in General Electric were worth $842,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in GE. Ullmann Financial Group Inc. purchased a new stake in shares of General Electric in the 1st quarter valued at approximately $106,000. Feltz Wealth PLAN Inc. purchased a new stake in shares of General Electric in the 1st quarter valued at approximately $114,000. PHH Investments Ltd. increased its position in shares of General Electric by 105.0% in the 1st quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock valued at $116,000 after purchasing an additional 2,000 shares during the last quarter. Parametrica Management Ltd purchased a new stake in shares of General Electric in the 1st quarter valued at approximately $214,000. Finally, Oakmont Partners LLC increased its position in shares of General Electric by 3.6% in the 2nd quarter. Oakmont Partners LLC now owns 8,034 shares of the conglomerate’s stock valued at $217,000 after purchasing an additional 278 shares during the last quarter. 54.71% of the stock is currently owned by institutional investors.
General Electric Company (NYSE:GE) traded down 0.61% during mid-day trading on Friday, hitting $24.39. 44,129,907 shares of the stock traded hands. General Electric Company has a 1-year low of $23.58 and a 1-year high of $32.38. The stock has a 50-day moving average of $24.44 and a 200 day moving average of $27.00. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 22.58 and a beta of 1.19.
General Electric (NYSE:GE) last released its quarterly earnings results on Friday, July 21st. The conglomerate reported $0.28 EPS for the quarter, topping the consensus estimate 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 quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. On average, equities analysts expect that General Electric Company will post $1.55 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, September 15th. This represents a $0.96 annualized dividend and a dividend yield of 3.94%. General Electric’s dividend payout ratio is currently 118.52%.
In other news, Director James S. Tisch purchased 100,000 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average price of $24.56 per share, for a total transaction of $2,456,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Rohr purchased 27,425 shares of the stock in a transaction dated Monday, July 24th. The shares were purchased at an average price of $25.50 per share, with a total value of $699,337.50. The disclosure for this purchase can be found here. Insiders have bought 233,253 shares of company stock valued at $5,860,264 in the last 90 days. Insiders own 0.36% of the company’s stock.
GE has been the topic of a number of recent analyst reports. UBS AG reissued a “buy” rating and issued a $31.00 price objective (down from $35.00) on shares of General Electric in a research report on Tuesday, July 25th. Vetr downgraded shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 target price on the stock. in a research report on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) set a $29.00 target price on shares of General Electric and gave the company a “neutral” rating in a research report on Friday, July 7th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $33.00 target price on shares of General Electric in a research report on Saturday, July 22nd. Finally, J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a $22.00 target price on shares of General Electric in a research report on Thursday, September 7th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. General Electric has an average rating of “Hold” and a consensus target price of $28.39.
General Electric Company Profile
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