Sargent Investment Group LLC Has $2.35 Million Position in General Electric (NYSE:GE)

Sargent Investment Group LLC trimmed its stake in shares of General Electric (NYSE:GE) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,395 shares of the conglomerate’s stock after selling 780 shares during the quarter. Sargent Investment Group LLC’s holdings in General Electric were worth $2,348,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Prime Capital Investment Advisors LLC raised its holdings in General Electric by 29.3% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 28,311 shares of the conglomerate’s stock valued at $3,613,000 after buying an additional 6,419 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of General Electric by 12.5% during the fourth quarter. Fifth Third Bancorp now owns 261,187 shares of the conglomerate’s stock valued at $33,335,000 after acquiring an additional 28,985 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of General Electric by 10.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 109,332 shares of the conglomerate’s stock worth $12,087,000 after purchasing an additional 10,722 shares during the period. Grandfield & Dodd LLC grew its stake in shares of General Electric by 9.3% in the fourth quarter. Grandfield & Dodd LLC now owns 269,783 shares of the conglomerate’s stock worth $34,432,000 after purchasing an additional 22,998 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new stake in General Electric in the third quarter valued at $1,846,000. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

GE has been the topic of a number of analyst reports. TD Cowen upgraded General Electric from a “hold” rating to a “buy” rating and upped their price target for the company from $175.00 to $180.00 in a research report on Tuesday, April 9th. Vertical Research started coverage on shares of General Electric in a research note on Thursday, April 4th. They set a “buy” rating and a $160.00 target price for the company. Jefferies Financial Group cut their price target on General Electric from $195.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Oppenheimer reissued a “market perform” rating on shares of General Electric in a research report on Tuesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on General Electric from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.00.

General Electric Trading Up 0.7 %

NYSE:GE traded up $1.09 during mid-day trading on Friday, reaching $162.35. 5,898,021 shares of the company’s stock traded hands, compared to its average volume of 9,321,559. General Electric has a 12-month low of $77.28 and a 12-month high of $163.65. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.85. The company has a 50 day moving average price of $160.72 and a 200-day moving average price of $136.27. The firm has a market capitalization of $177.71 billion, a price-to-earnings ratio of 53.23, a PEG ratio of 3.05 and a beta of 1.29.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.17. The company had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. On average, sell-side analysts predict that General Electric will post 3.93 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.69%. This is a positive change from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, April 12th. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

Insider Activity at General Electric

In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the completion of the sale, the senior vice president now directly owns 48,339 shares in the company, valued at approximately $6,552,351.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction 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 sale, the senior vice president now owns 56,284 shares in the company, valued at approximately $8,153,863.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael J. Holston sold 13,601 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following 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. 0.66% of the stock is currently owned by corporate insiders.

General Electric Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.