Halsey Associates Inc. CT reduced its holdings in General Electric (NYSE:GE) by 21.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,296 shares of the conglomerate’s stock after selling 36,520 shares during the quarter. Halsey Associates Inc. CT’s holdings in General Electric were worth $1,539,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Clarius Group LLC raised its holdings in General Electric by 16.1% during the second quarter. Clarius Group LLC now owns 27,865 shares of the conglomerate’s stock worth $379,000 after purchasing an additional 3,864 shares during the last quarter. Hunter Associates Investment Management LLC increased its position in General Electric by 3.7% during the second quarter. Hunter Associates Investment Management LLC now owns 111,177 shares of the conglomerate’s stock worth $1,513,000 after buying an additional 3,978 shares in the last quarter. Philadelphia Trust Co. increased its position in General Electric by 12.6% during the second quarter. Philadelphia Trust Co. now owns 35,763 shares of the conglomerate’s stock worth $487,000 after buying an additional 3,998 shares in the last quarter. Wedbush Securities Inc. increased its position in General Electric by 1.5% during the second quarter. Wedbush Securities Inc. now owns 281,643 shares of the conglomerate’s stock worth $3,833,000 after buying an additional 4,072 shares in the last quarter. Finally, BHK Investment Advisors LLC increased its position in General Electric by 26.0% during the second quarter. BHK Investment Advisors LLC now owns 20,162 shares of the conglomerate’s stock worth $274,000 after buying an additional 4,155 shares in the last quarter. 54.40% of the stock is owned by institutional investors and hedge funds.
Several research firms have weighed in on GE. Vertical Research raised General Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 19th. Gordon Haskett began coverage on General Electric in a research report on Friday, October 12th. They set a “sell” rating for the company. Goldman Sachs Group set a $14.00 price target on General Electric and gave the stock a “neutral” rating in a research report on Tuesday, October 30th. UBS Group set a $13.00 price target on General Electric and gave the stock a “buy” rating in a research report on Monday, December 10th. Finally, JPMorgan Chase & Co. raised General Electric from an “underweight” rating to a “neutral” rating and set a $6.00 price target for the company in a research report on Thursday, December 13th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the stock. General Electric currently has a consensus rating of “Hold” and a consensus target price of $13.04.
General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 31st. The conglomerate reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The business had revenue of $33.28 billion during the quarter, compared to analysts’ expectations of $32.01 billion. General Electric had a negative net margin of 18.38% and a positive return on equity of 9.84%. On average, research analysts anticipate that General Electric will post 0.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 25th. Stockholders of record on Thursday, December 20th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Wednesday, December 19th. General Electric’s dividend payout ratio is currently 6.15%.
In other General Electric news, Director Francisco Dsouza acquired 60,000 shares of the stock in a transaction dated Wednesday, November 14th. The stock was acquired at an average price of $8.32 per share, with a total value of $499,200.00. Following the completion of the transaction, the director now directly owns 151,500 shares in the company, valued at $1,260,480. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.12% of the stock is owned by insiders.
General Electric 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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