General Partner Inc. Invests $57,000 in General Electric (NYSE:GE)

General Partner Inc. bought a new position in General Electric (NYSE:GEFree Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 323 shares of the conglomerate’s stock, valued at approximately $57,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GE. Halpern Financial Inc. boosted its position in General Electric by 968.4% during the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after buying an additional 184 shares during the period. Criterion Capital Advisors LLC acquired a new stake in General Electric in the 4th quarter valued at $27,000. CGC Financial Services LLC grew its position in General Electric by 90.2% in the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 110 shares during the period. Capital Analysts LLC boosted its holdings in General Electric by 55.8% during the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 87 shares during the last quarter. Finally, Bfsg LLC purchased a new position in General Electric during the 4th quarter worth $32,000. Institutional investors own 74.77% of the company’s stock.

General Electric Trading Down 0.0 %

Shares of NYSE:GE traded down $0.06 during trading on Tuesday, reaching $163.17. 1,853,867 shares of the company traded hands, compared to its average volume of 7,328,409. The firm has a market capitalization of $178.61 billion, a price-to-earnings ratio of 53.37, a P/E/G ratio of 1.66 and a beta of 1.23. General Electric has a 52-week low of $82.11 and a 52-week high of $170.80. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63. The business’s fifty day moving average is $160.97 and its 200-day moving average is $148.97.

General Electric (NYSE:GEGet Free Report) last announced its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. The company had revenue of $16.10 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. As a group, analysts forecast that General Electric will post 3.99 EPS for the current year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were issued a $0.28 dividend. This is an increase from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a yield of 0.69%. General Electric’s dividend payout ratio is 36.72%.

Insider Activity

In other news, SVP Russell Stokes sold 45,309 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the completion of the transaction, the senior vice president now directly owns 112,958 shares in the company, valued at $18,391,821.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GE. StockNews.com began coverage on shares of General Electric in a report on Monday, April 29th. They issued a “hold” rating on the stock. Vertical Research began coverage on General Electric in a research report on Thursday, April 4th. They set a “buy” rating and a $160.00 price target on the stock. Jefferies Financial Group upped their price target on General Electric from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of General Electric from $195.00 to $209.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Finally, Royal Bank of Canada upped their price objective on shares of General Electric from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, General Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.27.

Read Our Latest Stock Report on GE

General Electric Company Profile

(Free Report)

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.

Further Reading

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

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