General Electric (NYSE:GE) Stock Holdings Increased by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. increased its holdings in General Electric (NYSE:GEGet Rating) by 280.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,990 shares of the conglomerate’s stock after purchasing an additional 8,101 shares during the quarter. Williams Jones Wealth Management LLC.’s holdings in General Electric were worth $1,006,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in GE. Tcwp LLC acquired a new stake in shares of General Electric during the first quarter valued at approximately $28,000. Covestor Ltd acquired a new stake in shares of General Electric during the fourth quarter valued at approximately $31,000. Core Alternative Capital raised its holdings in shares of General Electric by 736.2% during the first quarter. Core Alternative Capital now owns 393 shares of the conglomerate’s stock valued at $36,000 after acquiring an additional 346 shares during the period. Bivin & Associates Inc. acquired a new stake in shares of General Electric during the fourth quarter valued at approximately $37,000. Finally, Worth Asset Management LLC acquired a new stake in shares of General Electric during the first quarter valued at approximately $37,000. 67.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GE. The Goldman Sachs Group cut their price target on shares of General Electric from $108.00 to $82.00 and set a “buy” rating on the stock in a report on Thursday, June 23rd. UBS Group lowered their price objective on shares of General Electric from $113.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. Sanford C. Bernstein started coverage on shares of General Electric in a research report on Tuesday, August 16th. They set an “outperform” rating and a $100.00 price objective on the stock. Credit Suisse Group lowered their price objective on shares of General Electric from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Finally, Barclays dropped their target price on General Electric from $96.00 to $81.00 and set an “overweight” rating on the stock in a research report on Friday, July 8th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $99.15.

General Electric Stock Up 0.4 %

GE opened at $74.04 on Monday. The business has a 50 day moving average price of $71.83 and a 200 day moving average price of $78.39. General Electric has a twelve month low of $59.93 and a twelve month high of $116.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.80 and a current ratio of 1.13. The firm has a market cap of $81.19 billion, a P/E ratio of -17.46, a price-to-earnings-growth ratio of 3.86 and a beta of 1.09.

General Electric (NYSE:GEGet Rating) last posted its earnings results on Tuesday, July 26th. The conglomerate reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.40. General Electric had a positive return on equity of 7.50% and a negative net margin of 5.94%. The firm had revenue of $18.65 billion during the quarter, compared to analyst estimates of $17.90 billion. During the same period in the previous year, the company earned $0.40 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Research analysts forecast that General Electric will post 2.74 EPS for the current year.

General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Tuesday, September 27th will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, September 26th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.43%. General Electric’s dividend payout ratio (DPR) is presently -7.55%.

General Electric Company Profile

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General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It operates through four segments: Power, Renewable Energy, Aviation, and Healthcare segments. The Power segment 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.

See Also

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

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