General Electric (NYSE:GE) Stake Lowered by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC reduced its stake in shares of General Electric (NYSE:GE – Get Rating) by 6.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,033 shares of the conglomerate’s stock after selling 271 shares during the period. Integrated Investment Consultants LLC’s holdings in General Electric were worth $250,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. National Pension Service grew its holdings in shares of General Electric by 2.1% during the 3rd quarter. National Pension Service now owns 1,581,713 shares of the conglomerate’s stock valued at $99,221,000 after acquiring an additional 32,281 shares in the last quarter. Trust Co of Kansas acquired a new stake in shares of General Electric in the 3rd quarter valued at $254,000. Clarkston Capital Partners LLC lifted its stake in shares of General Electric by 5.2% in the 3rd quarter. Clarkston Capital Partners LLC now owns 457,765 shares of the conglomerate’s stock valued at $28,340,000 after purchasing an additional 22,590 shares during the last quarter. Advisors Capital Management LLC acquired a new stake in shares of General Electric in the 3rd quarter valued at $208,000. Finally, Glenmede Trust Co. NA lifted its stake in shares of General Electric by 2.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 121,703 shares of the conglomerate’s stock valued at $7,534,000 after purchasing an additional 2,815 shares during the last quarter. 70.12% of the stock is currently owned by hedge funds and other institutional investors.

General Electric Stock Performance

NYSE GE opened at $89.76 on Thursday. The stock has a market cap of $97.77 billion, a P/E ratio of -2,992.00, a PEG ratio of 6.66 and a beta of 1.25. The company’s 50-day simple moving average is $82.34 and its 200 day simple moving average is $78.54. General Electric has a twelve month low of $46.55 and a twelve month high of $94.94. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.76.

General Electric (NYSE:GE – Get Rating) last posted its earnings results on Tuesday, January 24th. The conglomerate reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.13. The business had revenue of $21.79 billion for the quarter, compared to analysts’ expectations of $22.11 billion. General Electric had a net margin of 0.29% and a return on equity of 8.47%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. As a group, research analysts forecast that General Electric will post 1.95 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Tuesday, March 7th will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, March 6th. This represents a $0.32 annualized dividend and a yield of 0.36%. General Electric’s dividend payout ratio is -1,066.67%.

Analyst Upgrades and Downgrades

GE has been the subject of several analyst reports. Morgan Stanley reduced their price objective on shares of General Electric from $88.00 to $85.00 and set an “overweight” rating for the company in a research note on Monday, January 23rd. UBS Group reduced their price objective on shares of General Electric from $98.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, January 12th. Barclays lifted their price objective on shares of General Electric from $81.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 26th. TheStreet raised shares of General Electric from a “c” rating to a “b-” rating in a research report on Friday, February 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of General Electric from $89.00 to $94.00 in a research report on Monday, December 5th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $93.14.

General Electric Company Profile

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General Electric Co engages in the provision of commercial and military aircraft engines and systems, wind, and other renewable energy generation equipment and grid solutions, and gas, steam, nuclear, and other power generation equipment. It operates through the following segments: Aviation, Healthcare, Renewable Energy, and Power.