Windsor Capital Management LLC increased its holdings in shares of General Electric (NYSE:GE) by 98.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,110 shares of the conglomerate’s stock after buying an additional 31,260 shares during the period. Windsor Capital Management LLC’s holdings in General Electric were worth $850,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Santori & Peters Inc. bought a new position in General Electric during the 4th quarter worth approximately $120,000. Greenwich Wealth Management LLC bought a new position in General Electric during the 1st quarter worth approximately $139,000. Squar Milner Financial Services LLC bought a new position in General Electric during the 4th quarter worth approximately $164,000. KCS Wealth Advisory bought a new position in General Electric during the 4th quarter worth approximately $183,000. Finally, Northwest Capital Management Inc bought a new position in General Electric during the 4th quarter worth approximately $191,000. Institutional investors and hedge funds own 53.81% of the company’s stock.
General Electric opened at $13.05 on Monday, according to MarketBeat Ratings. General Electric has a 12-month low of $12.61 and a 12-month high of $27.79. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.76 and a quick ratio of 1.48. The firm has a market capitalization of $113.31 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 25th. Investors of record on Monday, June 18th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.68%. The ex-dividend date is Friday, June 15th. General Electric’s payout ratio is currently 45.71%.
Several research analysts have issued reports on GE shares. Gabelli started coverage on shares of General Electric in a report on Monday, May 14th. They set a “buy” rating and a $22.50 price target for the company. Citigroup set a $23.00 price target on shares of General Electric and gave the stock a “buy” rating in a report on Monday, February 26th. Morningstar set a $19.00 price target on shares of General Electric and gave the stock a “buy” rating in a report on Wednesday, May 2nd. JPMorgan Chase & Co. restated a “sell” rating and set a $11.00 price target on shares of General Electric in a report on Monday, May 28th. Finally, UBS Group set a $16.00 price target on shares of General Electric and gave the stock a “neutral” rating in a report on Wednesday, March 7th. Eight analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.92.
In related news, major shareholder Electric Co General sold 3,883,000 shares of General Electric stock in a transaction on Tuesday, April 24th. The shares were sold at an average price of $15.00, for a total value of $58,245,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.12% of the company’s stock.
General Electric Company Profile
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.
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