Macnealy Hoover Investment Management Inc. cut its holdings in General Electric (NYSE:GE) by 13.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,223 shares of the conglomerate’s stock after selling 15,690 shares during the period. General Electric accounts for 1.3% of Macnealy Hoover Investment Management Inc.’s investment portfolio, making the stock its 27th biggest position. Macnealy Hoover Investment Management Inc.’s holdings in General Electric were worth $1,836,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in GE. Beach Investment Management LLC. bought a new position in General Electric in the 2nd quarter valued at $5,487,000. Comprehensive Portfolio Management LLC purchased a new stake in shares of General Electric during the 2nd quarter valued at $932,000. Hourglass Capital LLC raised its position in shares of General Electric by 10.4% during the 2nd quarter. Hourglass Capital LLC now owns 266,112 shares of the conglomerate’s stock valued at $7,188,000 after buying an additional 25,020 shares in the last quarter. Private Vista LLC purchased a new stake in shares of General Electric during the 2nd quarter valued at $368,000. Finally, Sicart Associates LLC raised its position in shares of General Electric by 5.6% during the 2nd quarter. Sicart Associates LLC now owns 37,800 shares of the conglomerate’s stock valued at $1,021,000 after buying an additional 2,000 shares in the last quarter. 56.30% of the stock is owned by institutional investors.
Several analysts have recently weighed in on the stock. Vetr cut shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 price objective on the stock. in a research report on Wednesday, January 10th. JPMorgan Chase restated a “sell” rating and set a price objective on shares of General Electric in a research report on Monday, January 15th. Deutsche Bank restated a “sell” rating and set a $15.00 price objective on shares of General Electric in a research report on Wednesday, January 17th. Vertical Research set a $18.00 price objective on shares of General Electric and gave the company a “hold” rating in a research report on Tuesday, January 16th. Finally, Stifel Nicolaus set a $18.00 price objective on shares of General Electric and gave the company a “neutral” rating in a research report on Monday, December 11th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.09.
Shares of NYSE:GE opened at $13.43 on Friday. The firm has a market capitalization of $114,002.23, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 2.55 and a beta of 1.02. General Electric has a 52 week low of $12.73 and a 52 week high of $30.54. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.59 and a current ratio of 1.87.
General Electric (NYSE:GE) last issued its earnings results on Wednesday, January 24th. The conglomerate reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $31.40 billion during the quarter, compared to analysts’ expectations of $33.93 billion. General Electric had a positive return on equity of 11.60% and a negative net margin of 4.74%. General Electric’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. equities analysts forecast that General Electric will post 0.96 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Friday, February 23rd. General Electric’s payout ratio is presently 45.71%.
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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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