Beacon Investment Advisory Services Inc. Has $761,000 Holdings in General Electric (GE)

Beacon Investment Advisory Services Inc. reduced its position in General Electric (NYSE:GE) by 13.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,914 shares of the conglomerate’s stock after selling 8,438 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in General Electric were worth $761,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GE. HC Financial Advisors Inc. bought a new position in General Electric during the fourth quarter valued at approximately $281,000. BancorpSouth Bank grew its holdings in General Electric by 4.8% during the first quarter. BancorpSouth Bank now owns 165,685 shares of the conglomerate’s stock valued at $2,234,000 after purchasing an additional 7,607 shares during the last quarter. Torch Wealth Management LLC grew its holdings in General Electric by 5.1% during the first quarter. Torch Wealth Management LLC now owns 87,480 shares of the conglomerate’s stock valued at $1,179,000 after purchasing an additional 4,277 shares during the last quarter. Concentric Wealth Management LLC grew its holdings in General Electric by 4.0% during the first quarter. Concentric Wealth Management LLC now owns 100,184 shares of the conglomerate’s stock valued at $1,350,000 after purchasing an additional 3,892 shares during the last quarter. Finally, Argent Capital Management LLC grew its holdings in General Electric by 8.0% during the first quarter. Argent Capital Management LLC now owns 556,639 shares of the conglomerate’s stock valued at $7,503,000 after purchasing an additional 41,310 shares during the last quarter. 53.75% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on GE. Royal Bank of Canada set a $15.00 price target on General Electric and gave the company a “neutral” rating in a report on Wednesday, July 11th. Deutsche Bank set a $15.00 price target on General Electric and gave the company a “hold” rating in a report on Monday, July 23rd. Gabelli reiterated a “buy” rating on shares of General Electric in a report on Wednesday, July 18th. Cowen reiterated a “hold” rating and set a $14.50 price target on shares of General Electric in a report on Friday, July 20th. Finally, Zacks Investment Research upgraded General Electric from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.94.



Shares of General Electric stock opened at $11.09 on Tuesday. The firm has a market capitalization of $98.11 billion, a PE ratio of 10.56, a P/E/G ratio of 2.21 and a beta of 0.97. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.51 and a current ratio of 1.81. General Electric has a 1 year low of $10.93 and a 1 year high of $20.75.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 25th. Stockholders of record on Monday, September 17th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, September 14th. This represents a $0.48 annualized dividend and a dividend yield of 4.33%. General Electric’s payout ratio is 45.71%.

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.

Further Reading: Why Dividend Stocks May Be Right for You

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

Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply