Peak Financial Management Inc. grew its stake in shares of General Electric Company (NYSE:GE) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,284 shares of the conglomerate’s stock after purchasing an additional 25 shares during the period. Peak Financial Management Inc.’s holdings in General Electric were worth $251,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Warren Averett Asset Management LLC boosted its stake in General Electric by 7.0% during the second quarter. Warren Averett Asset Management LLC now owns 103,854 shares of the conglomerate’s stock worth $2,805,000 after acquiring an additional 6,799 shares in the last quarter. Sabal Trust CO boosted its stake in General Electric by 5.4% during the second quarter. Sabal Trust CO now owns 1,080,995 shares of the conglomerate’s stock worth $29,198,000 after acquiring an additional 55,049 shares in the last quarter. Rockland Trust Co. boosted its stake in General Electric by 8.6% during the second quarter. Rockland Trust Co. now owns 205,544 shares of the conglomerate’s stock worth $5,552,000 after acquiring an additional 16,309 shares in the last quarter. Stoneridge Investment Partners LLC boosted its stake in General Electric by 23.4% during the second quarter. Stoneridge Investment Partners LLC now owns 325,787 shares of the conglomerate’s stock worth $8,800,000 after acquiring an additional 61,746 shares in the last quarter. Finally, Rothschild Investment Corp IL boosted its stake in General Electric by 2.4% during the second quarter. Rothschild Investment Corp IL now owns 465,351 shares of the conglomerate’s stock worth $12,569,000 after acquiring an additional 10,906 shares in the last quarter. 55.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of General Electric Company (GE) traded down $0.06 during trading on Tuesday, reaching $17.65. 58,171,200 shares of the company’s stock traded hands, compared to its average volume of 45,248,898. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.86 and a quick ratio of 1.53. The stock has a market capitalization of $153,582.61, a PE ratio of 14.28, a PEG ratio of 1.92 and a beta of 1.06. General Electric Company has a twelve month low of $17.46 and a twelve month high of $32.38.

General Electric (NYSE:GE) last released its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The company had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $32.51 billion. During the same period in the previous year, the firm earned $0.32 earnings per share. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. research analysts forecast that General Electric Company will post 1.07 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Wednesday, December 27th will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.72%. General Electric’s payout ratio is 120.00%.

In related news, Director Steven M. Mollenkopf acquired 5,500 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was purchased at an average cost of $18.24 per share, with a total value of $100,320.00. Following the completion of the acquisition, the director now directly owns 5,500 shares of the company’s stock, valued at $100,320. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Francisco Dsouza acquired 55,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were bought at an average cost of $17.94 per share, with a total value of $986,700.00. The disclosure for this purchase can be found here. Insiders have bought 120,500 shares of company stock valued at $2,183,220 over the last three months. 0.36% of the stock is owned by corporate insiders.

Several research firms recently commented on GE. J P Morgan Chase & Co set a $22.00 price objective on shares of General Electric and gave the stock a “sell” rating in a research note on Tuesday, September 19th. Citigroup set a $28.00 price objective on shares of General Electric and gave the stock a “buy” rating in a research note on Monday, October 23rd. UBS cut shares of General Electric from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $31.00 to $24.00 in a report on Monday, October 23rd. Royal Bank of Canada cut shares of General Electric from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $25.00 to $20.00 in a report on Tuesday, November 14th. Finally, Deutsche Bank decreased their target price on shares of General Electric from $18.00 to $15.00 and set a “sell” rating for the company in a report on Tuesday, November 21st. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $23.39.

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General Electric Company Profile

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

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