2,292 Shares in General Electric (NYSE:GE) Bought by Waterloo Capital L.P.

Waterloo Capital L.P. acquired a new position in shares of General Electric (NYSE:GEFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,292 shares of the conglomerate’s stock, valued at approximately $292,000.

Several other hedge funds have also added to or reduced their stakes in GE. Northern Trust Corp raised its stake in shares of General Electric by 4.0% in the 3rd quarter. Northern Trust Corp now owns 10,588,433 shares of the conglomerate’s stock valued at $1,170,551,000 after purchasing an additional 410,061 shares during the period. Norges Bank acquired a new stake in shares of General Electric in the 4th quarter valued at about $1,193,159,000. Morgan Stanley raised its stake in shares of General Electric by 5.1% in the 3rd quarter. Morgan Stanley now owns 8,955,511 shares of the conglomerate’s stock valued at $990,032,000 after purchasing an additional 434,736 shares during the period. Brown Advisory Inc. grew its holdings in shares of General Electric by 62.3% in the 4th quarter. Brown Advisory Inc. now owns 4,881,752 shares of the conglomerate’s stock valued at $623,058,000 after acquiring an additional 1,873,327 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of General Electric by 8.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,184,772 shares of the conglomerate’s stock valued at $534,123,000 after acquiring an additional 318,245 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Russell Stokes sold 45,309 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the completion of the transaction, the senior vice president now directly owns 112,958 shares in the company, valued at $18,391,821.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.66% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GE. StockNews.com began coverage on General Electric in a report on Monday, April 29th. They issued a “hold” rating for the company. UBS Group raised their price objective on General Electric from $191.00 to $201.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Vertical Research began coverage on General Electric in a report on Thursday, April 4th. They issued a “buy” rating and a $160.00 price objective for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on General Electric from $210.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, April 3rd. Finally, The Goldman Sachs Group raised their price objective on General Electric from $190.00 to $211.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $176.00.

View Our Latest Research Report on GE

General Electric Stock Up 0.8 %

NYSE GE opened at $161.92 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63. General Electric has a 1-year low of $82.11 and a 1-year high of $170.80. The company has a 50 day moving average of $160.15 and a 200-day moving average of $147.28. The company has a market cap of $177.24 billion, a price-to-earnings ratio of 53.09, a PEG ratio of 1.79 and a beta of 1.23.

General Electric (NYSE:GEGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The company had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.25 billion. During the same period in the previous year, the business earned $0.27 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. On average, equities research analysts expect that General Electric will post 3.98 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were given a dividend of $0.28 per share. This is an increase from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Friday, April 12th. General Electric’s payout ratio is currently 36.72%.

General Electric Company Profile

(Free Report)

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.

Further Reading

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

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