General Electric (NYSE:GE) Stock Holdings Decreased by New England Research & Management Inc.

New England Research & Management Inc. decreased its stake in shares of General Electric (NYSE:GE) by 3.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,847 shares of the conglomerate’s stock after selling 106 shares during the period. New England Research & Management Inc.’s holdings in General Electric were worth $500,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in GE. Halpern Financial Inc. increased its position in General Electric by 968.4% in the fourth 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 bought a new stake in General Electric in the 4th quarter valued at about $27,000. CGC Financial Services LLC boosted its stake in General Electric by 90.2% during 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 grew its position in General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 87 shares during the last quarter. Finally, Bfsg LLC acquired a new stake in shares of General Electric in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Russell Stokes sold 45,309 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total value of $7,377,211.38. Following the completion of the transaction, the senior vice president now owns 112,958 shares of the company’s stock, valued at approximately $18,391,821.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.66% of the company’s stock.

Analysts Set New Price Targets

GE has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their price objective on General Electric from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. UBS Group increased their price target on General Electric from $191.00 to $201.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Bank of America lifted their price objective on shares of General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. TD Cowen upgraded shares of General Electric from a “hold” rating to a “buy” rating and increased their target price for the company from $175.00 to $180.00 in a research report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target 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. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $181.36.

General Electric Trading Down 0.9 %

General Electric stock opened at $159.01 on Friday. The firm has a market cap of $174.05 billion, a price-to-earnings ratio of 52.13, a price-to-earnings-growth ratio of 1.71 and a beta of 1.23. General Electric has a 1 year low of $84.42 and a 1 year high of $170.80. The firm’s 50 day moving average price is $162.36 and its two-hundred day moving average price is $151.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.82 and a current ratio of 1.17.

General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The business had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.25 billion. During the same period last year, the company posted $0.27 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. On average, research analysts predict that General Electric will post 3.99 EPS for the current fiscal year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, July 11th. This represents a $1.12 annualized dividend and a yield of 0.70%. General Electric’s payout ratio is presently 36.72%.

General Electric Company Profile

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.