Richard Bernstein Advisors LLC Buys 3,261 Shares of General Electric (NYSE:GE)

Richard Bernstein Advisors LLC raised its position in shares of General Electric (NYSE:GEFree Report) by 12.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,957 shares of the conglomerate’s stock after buying an additional 3,261 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in General Electric were worth $3,312,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Steward Financial Group LLC bought a new position in shares of General Electric during the second quarter valued at $26,000. Motco increased its holdings in shares of General Electric by 143.0% during the second quarter. Motco now owns 294 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 173 shares in the last quarter. Macroview Investment Management LLC increased its holdings in shares of General Electric by 43.4% during the third quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 96 shares in the last quarter. DHJJ Financial Advisors Ltd. bought a new position in shares of General Electric during the third quarter valued at $37,000. Finally, Global Wealth Management Investment Advisory Inc. increased its holdings in shares of General Electric by 808.1% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 299 shares in the last quarter. Hedge funds and other institutional investors own 74.83% of the company’s stock.

Insider Activity

In other news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the transaction, the senior vice president now owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the transaction, the senior vice president now owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael J. Holston sold 13,601 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the transaction, the senior vice president now directly owns 48,339 shares in the company, valued at approximately $6,552,351.45. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays lifted their price objective on General Electric from $153.00 to $181.00 and gave the stock an “overweight” rating in a report on Thursday. StockNews.com upgraded General Electric from a “hold” rating to a “buy” rating in a report on Thursday, February 1st. Royal Bank of Canada reduced their price objective on General Electric from $150.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Wells Fargo & Company lifted their price objective on General Electric from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Finally, Citigroup raised their target price on General Electric from $135.00 to $148.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $134.00.

Read Our Latest Analysis on General Electric

General Electric Price Performance

NYSE:GE traded up $0.51 during trading hours on Thursday, reaching $156.12. The stock had a trading volume of 1,520,499 shares, compared to its average volume of 5,213,021. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18. General Electric has a 52 week low of $83.38 and a 52 week high of $156.91. The company has a 50 day moving average price of $135.32 and a two-hundred day moving average price of $121.65. The stock has a market capitalization of $169.91 billion, a PE ratio of 18.59, a PEG ratio of 2.29 and a beta of 1.25.

General Electric (NYSE:GEGet Free Report) last released its earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.13. The firm had revenue of $19.42 billion for the quarter, compared to the consensus estimate of $17.27 billion. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS. As a group, sell-side analysts anticipate that General Electric will post 4.53 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, December 28th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.20%. The ex-dividend date was Wednesday, December 27th. General Electric’s dividend payout ratio is currently 3.82%.

General Electric Company Profile

(Free Report)

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It 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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