tru Independence LLC lessened its stake in General Electric (NYSE:GE) by 15.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,447 shares of the conglomerate’s stock after selling 1,159 shares during the quarter. tru Independence LLC’s holdings in General Electric were worth $70,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GE. State of Michigan Retirement System increased its stake in General Electric by 1.1% during the fourth quarter. State of Michigan Retirement System now owns 2,257,292 shares of the conglomerate’s stock worth $24,379,000 after acquiring an additional 23,700 shares during the last quarter. National Pension Service increased its stake in General Electric by 0.8% during the fourth quarter. National Pension Service now owns 10,533,091 shares of the conglomerate’s stock worth $113,757,000 after acquiring an additional 85,935 shares during the last quarter. Park Avenue Securities LLC increased its stake in General Electric by 43.9% during the fourth quarter. Park Avenue Securities LLC now owns 29,618 shares of the conglomerate’s stock worth $320,000 after acquiring an additional 9,040 shares during the last quarter. Sand Hill Global Advisors LLC increased its stake in General Electric by 3.0% during the fourth quarter. Sand Hill Global Advisors LLC now owns 305,393 shares of the conglomerate’s stock worth $3,298,000 after acquiring an additional 8,812 shares during the last quarter. Finally, Claraphi Advisory Network LLC increased its stake in General Electric by 290.0% during the fourth quarter. Claraphi Advisory Network LLC now owns 110,839 shares of the conglomerate’s stock worth $1,197,000 after acquiring an additional 82,422 shares during the last quarter. 60.09% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Paula Rosput Reynolds bought 5,000 shares of General Electric stock in a transaction dated Friday, March 12th. The stock was acquired at an average cost of $12.50 per share, with a total value of $62,500.00. Following the acquisition, the director now owns 26,500 shares of the company’s stock, valued at $331,250. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.90% of the stock is currently owned by insiders.

Shares of NYSE GE opened at $13.39 on Thursday. The company has a market capitalization of $117.63 billion, a price-to-earnings ratio of 37.19, a price-to-earnings-growth ratio of 8.61 and a beta of 1.06. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.31 and a quick ratio of 2.04. The business has a 50-day moving average of $12.96 and a two-hundred day moving average of $10.38. General Electric has a 1 year low of $5.48 and a 1 year high of $14.41.

General Electric (NYSE:GE) last announced its quarterly earnings results on Monday, January 25th. The conglomerate reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.01). The business had revenue of $21.93 billion for the quarter, compared to analysts’ expectations of $21.62 billion. General Electric had a return on equity of 5.37% and a net margin of 4.52%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. As a group, equities research analysts expect that General Electric will post 0.04 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 26th. Shareholders of record on Monday, March 8th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Friday, March 5th. General Electric’s dividend payout ratio (DPR) is 6.15%.

GE has been the subject of several recent analyst reports. Oppenheimer reissued a “market perform” rating on shares of General Electric in a research note on Wednesday, March 17th. Morgan Stanley lifted their price objective on General Electric from $13.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, March 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on General Electric from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Wednesday, March 17th. Royal Bank of Canada lifted their price objective on General Electric from $13.00 to $15.00 and gave the company an “outperform” rating in a research note on Thursday, March 11th. Finally, Cowen reaffirmed a “hold” rating and issued a $10.00 price objective on shares of General Electric in a research note on Thursday, March 11th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.60.

General Electric Company Profile

General Electric Company operates as a high-tech industrial company worldwide. The company's Power segment offers heavy-duty and aeroderivative gas turbines for utilities, independent power producers, and industrial applications; maintenance, service, and upgrade solutions to plant assets and their operational lifecycle; steam power technology for fossil and nuclear applications, including boilers, generators, steam turbines, and air quality control systems; and advanced reactor technologies solutions comprising reactors, fuels, and support services for boiling water reactors.

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

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