General Electric (NYSE:GE) Stock Position Reduced by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC lessened its position in shares of General Electric (NYSE:GEGet Rating) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,313 shares of the conglomerate’s stock after selling 344 shares during the period. Nicolet Advisory Services LLC’s holdings in General Electric were worth $219,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Tradewinds Capital Management LLC increased its position in shares of General Electric by 5.2% during the 4th quarter. Tradewinds Capital Management LLC now owns 2,177 shares of the conglomerate’s stock valued at $206,000 after purchasing an additional 108 shares during the period. JNBA Financial Advisors increased its position in shares of General Electric by 18.6% during the 4th quarter. JNBA Financial Advisors now owns 719 shares of the conglomerate’s stock valued at $68,000 after purchasing an additional 113 shares during the period. Avantax Planning Partners Inc. increased its position in shares of General Electric by 3.1% during the 4th quarter. Avantax Planning Partners Inc. now owns 3,747 shares of the conglomerate’s stock valued at $354,000 after purchasing an additional 114 shares during the period. Pinnacle Wealth Planning Services Inc. increased its position in shares of General Electric by 2.7% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 4,377 shares of the conglomerate’s stock valued at $414,000 after purchasing an additional 115 shares during the period. Finally, Altfest L J & Co. Inc. increased its position in shares of General Electric by 3.0% during the 4th quarter. Altfest L J & Co. Inc. now owns 4,074 shares of the conglomerate’s stock valued at $385,000 after purchasing an additional 117 shares during the period. 70.28% of the stock is currently owned by institutional investors.

A number of equities analysts recently issued reports on the company. Morgan Stanley decreased their target price on General Electric from $125.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday, February 1st. Bank of America decreased their target price on General Electric from $132.00 to $120.00 in a report on Wednesday. Royal Bank of Canada lifted their target price on General Electric from $113.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, March 11th. Wells Fargo & Company decreased their target price on General Electric from $105.00 to $102.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 26th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $124.00 target price on shares of General Electric in a report on Wednesday, January 26th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $117.69.

GE traded down $3.18 during trading on Friday, reaching $74.55. 10,390,060 shares of the stock traded hands, compared to its average volume of 6,568,143. The stock has a market cap of $82.05 billion, a price-to-earnings ratio of -16.28, a price-to-earnings-growth ratio of 3.56 and a beta of 0.96. General Electric has a fifty-two week low of $74.35 and a fifty-two week high of $116.17. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.19 and a quick ratio of 0.97. The stock’s 50-day simple moving average is $90.99 and its two-hundred day simple moving average is $96.48.

General Electric (NYSE:GEGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The conglomerate reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The firm had revenue of $17.04 billion during the quarter, compared to analysts’ expectations of $16.92 billion. General Electric had a positive return on equity of 6.41% and a negative net margin of 6.43%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 earnings per share. Research analysts anticipate that General Electric will post 3 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 25th. Shareholders of record on Tuesday, March 8th were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.43%. General Electric’s dividend payout ratio is currently -6.99%.

General Electric Company Profile (Get Rating)

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It operates through four segments: Power, Renewable Energy, Aviation, and Healthcare segments. The Power segment offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.

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

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