General Electric (NYSE:GE) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC trimmed its holdings in General Electric (NYSE:GE) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,471 shares of the conglomerate’s stock after selling 96 shares during the period. Highland Capital Management LLC’s holdings in General Electric were worth $826,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in GE. O Shaughnessy Asset Management LLC lifted its holdings in General Electric by 10.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 109,332 shares of the conglomerate’s stock valued at $12,087,000 after purchasing an additional 10,722 shares in the last quarter. D1 Capital Partners L.P. lifted its holdings in General Electric by 159.8% in the 2nd quarter. D1 Capital Partners L.P. now owns 1,455,000 shares of the conglomerate’s stock valued at $159,832,000 after purchasing an additional 895,000 shares in the last quarter. Hoey Investments Inc. lifted its holdings in General Electric by 51,152.3% in the 3rd quarter. Hoey Investments Inc. now owns 22,551 shares of the conglomerate’s stock valued at $2,493,000 after purchasing an additional 22,507 shares in the last quarter. Qsemble Capital Management LP purchased a new position in General Electric in the 3rd quarter valued at about $1,846,000. Finally, Cambridge Financial Group Inc. purchased a new position in General Electric in the 3rd quarter valued at about $6,285,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GE has been the topic of a number of recent research reports. Citigroup upped their target price on shares of General Electric from $135.00 to $148.00 and gave the company a “buy” rating in a report on Monday, December 11th. Wells Fargo & Company increased their price objective on shares of General Electric from $177.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday. Jefferies Financial Group increased their price objective on shares of General Electric from $180.00 to $195.00 in a report on Monday, March 11th. Royal Bank of Canada increased their price objective on shares of General Electric from $148.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Finally, JPMorgan Chase & Co. upgraded shares of General Electric from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $166.00 to $180.00 in a report on Friday, March 8th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.54.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the sale, the senior vice president now directly owns 56,284 shares in the company, valued at $8,153,863.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Michael J. Holston sold 13,601 shares of General Electric 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 sale, the senior vice president now directly owns 48,339 shares in the company, valued at $6,552,351.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction dated Wednesday, February 14th. The shares were 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 $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

General Electric Stock Performance

General Electric stock opened at $180.12 on Thursday. The company has a market cap of $196.92 billion, a PE ratio of 21.52, a P/E/G ratio of 2.30 and a beta of 1.28. The company has a fifty day moving average price of $150.52 and a two-hundred day moving average price of $129.01. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.18 and a quick ratio of 0.85. General Electric has a 12 month low of $92.56 and a 12 month high of $180.36.

General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, January 23rd. The conglomerate reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.13. The firm had revenue of $19.42 billion during the quarter, compared to the consensus estimate of $17.27 billion. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The firm’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.24 earnings per share. Research analysts expect that General Electric will post 4.57 earnings per share for the current year.

General Electric Company Profile

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.