Tiedemann Advisors LLC decreased its position in shares of General Electric (NYSE:GE) by 91.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,556 shares of the conglomerate’s stock after selling 297,102 shares during the period. Tiedemann Advisors LLC’s holdings in General Electric were worth $235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC purchased a new stake in General Electric during the fourth quarter valued at about $25,000. Rocky Mountain Advisers LLC raised its position in General Electric by 99.9% during the first quarter. Rocky Mountain Advisers LLC now owns 3,333 shares of the conglomerate’s stock valued at $26,000 after purchasing an additional 1,666 shares in the last quarter. CLS Investments LLC grew its stake in shares of General Electric by 2,300.0% during the fourth quarter. CLS Investments LLC now owns 2,400 shares of the conglomerate’s stock valued at $27,000 after buying an additional 2,300 shares during the last quarter. Pacifica Partners Inc. bought a new position in shares of General Electric during the fourth quarter valued at about $28,000. Finally, Manchester Financial Inc. bought a new position in shares of General Electric during the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Several analysts recently issued reports on the company. Barclays reissued a “buy” rating and issued a $13.00 target price on shares of General Electric in a research note on Friday, March 13th. Deutsche Bank cut their target price on General Electric from $13.50 to $8.40 and set a “hold” rating on the stock in a research note on Thursday, April 9th. Oppenheimer reissued a “hold” rating on shares of General Electric in a research note on Friday, May 8th. Gordon Haskett raised General Electric from an “underperform” rating to a “hold” rating and raised their target price for the stock from $7.00 to $11.00 in a research note on Friday, February 7th. Finally, Credit Suisse Group cut their target price on General Electric from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. General Electric currently has an average rating of “Hold” and an average price target of $9.49.

GE stock opened at $5.49 on Friday. The firm has a 50 day moving average price of $6.74 and a 200-day moving average price of $9.96. General Electric has a 52-week low of $5.48 and a 52-week high of $13.26. The firm has a market capitalization of $49.86 billion, a price-to-earnings ratio of -16.64, a PEG ratio of 8.18 and a beta of 0.95. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.69 and a current ratio of 1.91.

General Electric (NYSE:GE) last released its earnings results on Wednesday, April 29th. The conglomerate reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). General Electric had a negative net margin of 2.39% and a positive return on equity of 13.66%. The business had revenue of $20.52 billion for the quarter, compared to analysts’ expectations of $20.34 billion. During the same quarter in the previous year, the business posted $0.12 earnings per share. General Electric’s revenue for the quarter was down 24.8% on a year-over-year basis. As a group, sell-side analysts forecast that General Electric will post 0.13 earnings per share for the current fiscal year.

About General Electric

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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