J.P. Marvel Investment Advisors LLC reduced its stake in shares of General Electric Company (NYSE:GE) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,722 shares of the conglomerate’s stock after selling 8,420 shares during the period. General Electric accounts for about 2.3% of J.P. Marvel Investment Advisors LLC’s holdings, making the stock its 18th biggest position. J.P. Marvel Investment Advisors LLC owned about 0.37% of General Electric worth $6,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. K.J. Harrison & Partners Inc raised its holdings in General Electric by 16.3% in the 1st quarter. K.J. Harrison & Partners Inc now owns 92,995 shares of the conglomerate’s stock valued at $2,771,000 after acquiring an additional 13,000 shares during the last quarter. BTC Capital Management Inc. raised its holdings in General Electric by 1.1% in the 1st quarter. BTC Capital Management Inc. now owns 134,796 shares of the conglomerate’s stock valued at $4,018,000 after acquiring an additional 1,411 shares during the last quarter. Selway Asset Management raised its holdings in General Electric by 1.6% in the 1st quarter. Selway Asset Management now owns 61,038 shares of the conglomerate’s stock valued at $1,819,000 after acquiring an additional 975 shares during the last quarter. Pegasus Partners Ltd. raised its holdings in General Electric by 2.3% in the 1st quarter. Pegasus Partners Ltd. now owns 79,135 shares of the conglomerate’s stock valued at $2,358,000 after acquiring an additional 1,795 shares during the last quarter. Finally, Access Financial Services Inc. raised its holdings in General Electric by 81.5% in the 1st quarter. Access Financial Services Inc. now owns 53,846 shares of the conglomerate’s stock valued at $1,605,000 after acquiring an additional 24,180 shares during the last quarter. Hedge funds and other institutional investors own 55.74% of the company’s stock.

Shares of General Electric Company (NYSE GE) opened at $17.82 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 1.14. General Electric Company has a twelve month low of $17.46 and a twelve month high of $32.38. The company has a market capitalization of $152,975.58, a price-to-earnings ratio of 14.23, a PEG ratio of 1.91 and a beta of 1.06.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Wednesday, December 27th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.48 dividend on an annualized basis and a yield of 2.69%. General Electric’s dividend payout ratio (DPR) is 120.00%.

In other General Electric news, Director Steven M. Mollenkopf purchased 5,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 5,500 shares in the company, valued at $100,320. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Francisco Dsouza purchased 55,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were acquired 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. Over the last ninety days, insiders have purchased 120,500 shares of company stock valued at $2,183,220. 0.36% of the stock is owned by corporate insiders.

Several research analysts have weighed in on GE shares. J P Morgan Chase & Co cut their price target on General Electric from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Wednesday, November 1st. Bank of America upgraded General Electric from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Monday, October 23rd. Royal Bank of Canada set a $25.00 price objective on General Electric and gave the stock a “buy” rating in a report on Monday, October 23rd. Citigroup set a $28.00 price objective on General Electric and gave the stock a “buy” rating in a report on Monday, October 23rd. Finally, Morningstar restated a “buy” rating on shares of General Electric in a report on Tuesday, November 14th. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.39.

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General Electric Company Profile

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

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