Atlantic Union Bankshares Corp trimmed its stake in shares of General Electric (NYSE:GE) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,838 shares of the conglomerate’s stock after selling 850 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in General Electric were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atlas Brown Inc. raised its stake in shares of General Electric by 25.8% in the fourth quarter. Atlas Brown Inc. now owns 65,664 shares of the conglomerate’s stock valued at $733,000 after acquiring an additional 13,466 shares during the last quarter. Johanson Financial Advisors Inc. bought a new position in shares of General Electric in the fourth quarter valued at approximately $5,364,000. Chickasaw Capital Management LLC raised its stake in shares of General Electric by 265.0% in the fourth quarter. Chickasaw Capital Management LLC now owns 411,346 shares of the conglomerate’s stock valued at $4,591,000 after acquiring an additional 298,645 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of General Electric in the fourth quarter valued at approximately $126,000. Finally, DNB Asset Management AS raised its stake in shares of General Electric by 2.8% in the fourth quarter. DNB Asset Management AS now owns 1,986,812 shares of the conglomerate’s stock valued at $22,173,000 after acquiring an additional 53,254 shares during the last quarter. 60.21% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of General Electric from a “hold” rating to a “sell” rating and set a $13.00 price objective for the company. in a research report on Tuesday, January 7th. UBS Group upgraded shares of General Electric from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $11.50 to $14.00 in a research report on Wednesday, December 11th. ValuEngine upgraded shares of General Electric from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Barclays restated a “buy” rating and issued a $13.00 price objective on shares of General Electric in a research report on Sunday, December 8th. Finally, Deutsche Bank boosted their price objective on shares of General Electric from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.92.

GE stock opened at $12.03 on Wednesday. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.84 and a quick ratio of 1.60. The company has a 50 day moving average price of $11.35 and a 200 day moving average price of $10.06. General Electric has a fifty-two week low of $7.65 and a fifty-two week high of $12.23. The stock has a market capitalization of $105.06 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 2.46 and a beta of 1.16.

General Electric (NYSE:GE) last issued its earnings results on Wednesday, October 30th. The conglomerate reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. The company had revenue of $23.36 billion during the quarter, compared to analysts’ expectations of $22.93 billion. General Electric had a negative net margin of 4.39% and a positive return on equity of 11.69%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. As a group, equities analysts expect that General Electric will post 0.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Monday, December 23rd will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Friday, December 20th. General Electric’s payout ratio is 6.15%.

General Electric Company Profile

General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.

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

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