Windsor Group LTD boosted its holdings in General Electric (NYSE:GE) by 196.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,205 shares of the conglomerate’s stock after buying an additional 49,855 shares during the period. Windsor Group LTD’s holdings in General Electric were worth $640,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Ashburton Jersey Ltd bought a new stake in General Electric in the second quarter valued at $25,000. Fusion Family Wealth LLC grew its position in General Electric by 10,516.0% in the second quarter. Fusion Family Wealth LLC now owns 2,654 shares of the conglomerate’s stock valued at $28,000 after acquiring an additional 2,629 shares during the period. Employers Holdings Inc. bought a new stake in General Electric in the second quarter valued at $28,000. Manchester Financial Inc. bought a new stake in General Electric in the second quarter valued at $30,000. Finally, Princeton Global Asset Management LLC grew its position in General Electric by 307,700.0% in the second quarter. Princeton Global Asset Management LLC now owns 3,078 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 3,077 shares during the period. 59.28% of the stock is currently owned by institutional investors.
General Electric stock traded down $0.12 on Monday, reaching $8.84. The company’s stock had a trading volume of 10,354,236 shares, compared to its average volume of 44,422,348. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.44 and a current ratio of 1.73. The company has a market cap of $78.23 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 2.07 and a beta of 1.11. The business’s fifty day moving average price is $8.86 and its 200 day moving average price is $9.55. General Electric has a twelve month low of $6.66 and a twelve month high of $12.81.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, September 16th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Friday, September 13th. General Electric’s dividend payout ratio is currently 6.15%.
In other news, Chairman H Lawrence Culp, Jr. purchased 252,200 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were acquired at an average price of $7.93 per share, with a total value of $1,999,946.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman H Lawrence Culp, Jr. purchased 331,684 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average cost of $9.04 per share, for a total transaction of $2,998,423.36. The disclosure for this purchase can be found here. Insiders have bought 801,068 shares of company stock worth $6,954,745 in the last ninety days. 1.13% of the stock is currently owned by insiders.
A number of analysts have weighed in on GE shares. William Blair reiterated a “buy” rating on shares of General Electric in a research report on Friday, August 16th. ValuEngine upgraded General Electric from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup set a $14.00 price target on General Electric and gave the company a “buy” rating in a research report on Wednesday, September 4th. Morgan Stanley started coverage on General Electric in a research report on Thursday, September 5th. They issued an “equal weight” rating and a $10.00 price target on the stock. Finally, UBS Group cut General Electric from a “buy” rating to a “neutral” rating and lowered their price target for the company from $13.00 to $11.50 in a research report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $10.55.
General Electric Profile
General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.
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