Rational Advisors LLC Decreases Holdings in General Electric (GE)
Rational Advisors LLC trimmed its position in shares of General Electric (NYSE:GE) by 11.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,370 shares of the conglomerate’s stock after selling 12,000 shares during the period. General Electric makes up about 1.2% of Rational Advisors LLC’s holdings, making the stock its 8th largest holding. Rational Advisors LLC’s holdings in General Electric were worth $2,306,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Ffcm LLC acquired a new stake in shares of General Electric in the second quarter valued at $114,000. MPS Loria Financial Planners LLC acquired a new stake in shares of General Electric in the second quarter valued at $113,000. Corbenic Partners LLC raised its stake in shares of General Electric by 15.7% in the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock valued at $144,000 after acquiring an additional 725 shares in the last quarter. Bristlecone Advisors LLC acquired a new stake in shares of General Electric in the third quarter valued at $164,000. Finally, Tuttle Tactical Management LLC acquired a new stake in shares of General Electric in the second quarter valued at $209,000. Institutional investors own 54.98% of the company’s stock.
General Electric (NYSE GE) opened at $14.90 on Thursday. The stock has a market capitalization of $129,210.00, a PE ratio of 13.80, a price-to-earnings-growth ratio of 2.81 and a beta of 0.93. General Electric has a twelve month low of $14.23 and a twelve month high of $30.59. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 2.09.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Monday, February 26th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Friday, February 23rd. General Electric’s payout ratio is 44.44%.
In related news, Director Francisco Dsouza purchased 55,000 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average price of $17.94 per share, with a total value of $986,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alexander Dimitrief purchased 2,689 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average cost of $16.16 per share, for a total transaction of $43,454.24. Following the acquisition, the insider now owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 58,870 shares of company stock worth $1,049,050. Corporate insiders own 0.36% of the company’s stock.
Several analysts have recently issued reports on GE shares. JPMorgan Chase & Co. reduced their price objective on General Electric from $19.00 to $17.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 1st. Morningstar set a $23.50 price objective on General Electric and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Citigroup reduced their price objective on General Electric from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Bank of America raised General Electric from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Monday, October 23rd. Finally, Royal Bank of Canada set a $25.00 target price on General Electric and gave the company a “buy” rating in a report on Monday, October 23rd. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $21.09.
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General Electric Company Profile
General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.
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