General Electric (GE) Stake Lowered by Halsey Associates Inc. CT

Share on StockTwits

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.

Shares of NYSE:GE opened at $10.47 on Thursday. The firm has a market capitalization of $92.30 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 3.40 and a beta of 0.99. The company has a quick ratio of 1.36, a current ratio of 1.66 and a debt-to-equity ratio of 2.14. General Electric has a 52 week low of $6.66 and a 52 week high of $15.59.

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.

WARNING: “General Electric (GE) Stake Lowered by Halsey Associates Inc. CT” was originally reported by Ticker Report and is owned by of Ticker Report. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & international copyright & trademark law. The correct version of this piece can be accessed at https://www.tickerreport.com/banking-finance/4132836/general-electric-ge-stake-lowered-by-halsey-associates-inc-ct.html.

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.

Featured Article: Are all No-Load Funds Equal?

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric (NYSE:GE).

Institutional Ownership by Quarter for General Electric (NYSE:GE)

Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Stevens Capital Management LP Acquires New Stake in Citizens Financial Group Inc
Stevens Capital Management LP Acquires New Stake in Citizens Financial Group Inc
Stevens Capital Management LP Invests $8.59 Million in ONEOK, Inc.
Stevens Capital Management LP Invests $8.59 Million in ONEOK, Inc.
Teva Pharmaceutical Industries  Releases FY19 Earnings Guidance
Teva Pharmaceutical Industries Releases FY19 Earnings Guidance
Keysight Technologies Inc  Shares Bought by Columbus Circle Investors
Keysight Technologies Inc Shares Bought by Columbus Circle Investors
Advance Auto Parts, Inc.  Position Trimmed by Columbus Circle Investors
Advance Auto Parts, Inc. Position Trimmed by Columbus Circle Investors
Sturgis Bancorp, Inc.  Declares $0.15 Quarterly Dividend
Sturgis Bancorp, Inc. Declares $0.15 Quarterly Dividend


Leave a Reply

© 2006-2019 Ticker Report