Creative Planning Has $21.55 Million Holdings in General Electric (GE)

Creative Planning reduced its stake in General Electric (NYSE:GE) by 13.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,235,106 shares of the conglomerate’s stock after selling 191,431 shares during the quarter. Creative Planning’s holdings in General Electric were worth $21,553,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Peak Financial Management Inc. grew its holdings in shares of General Electric by 0.3% during the 2nd quarter. Peak Financial Management Inc. now owns 9,284 shares of the conglomerate’s stock worth $251,000 after purchasing an additional 25 shares during the period. Cutter & CO Brokerage Inc. grew its holdings in shares of General Electric by 0.3% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate’s stock worth $557,000 after purchasing an additional 67 shares during the period. NorthRock Partners LLC grew its holdings in shares of General Electric by 0.9% during the 2nd quarter. NorthRock Partners LLC now owns 8,842 shares of the conglomerate’s stock worth $241,000 after purchasing an additional 80 shares during the period. Shapiro Capital Management LLC grew its holdings in shares of General Electric by 0.8% during the 2nd quarter. Shapiro Capital Management LLC now owns 18,868 shares of the conglomerate’s stock worth $510,000 after purchasing an additional 147 shares during the period. Finally, CFO4Life Group LLC grew its holdings in shares of General Electric by 0.9% during the 2nd quarter. CFO4Life Group LLC now owns 16,610 shares of the conglomerate’s stock worth $449,000 after purchasing an additional 152 shares during the period. Institutional investors own 56.30% of the company’s stock.

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GE stock opened at $13.48 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.59 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $117,041.13, a price-to-earnings ratio of 12.84, a P/E/G ratio of 2.56 and a beta of 1.00. General Electric has a 1 year low of $12.73 and a 1 year high of $30.54.

General Electric (NYSE:GE) last posted its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The company had revenue of $31.40 billion during the quarter, compared to analyst estimates of $33.93 billion. General Electric had a negative net margin of 4.74% and a positive return on equity of 11.60%. General Electric’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS. equities analysts forecast that General Electric will post 0.99 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Monday, February 26th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Friday, February 23rd. General Electric’s dividend payout ratio is currently 45.71%.

Several research firms recently issued reports on GE. TheStreet lowered General Electric from a “c” rating to a “d+” rating in a research note on Wednesday, January 24th. Vetr lowered General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 target price on the stock. in a research note on Wednesday, January 10th. JPMorgan Chase reissued an “underweight” rating and set a $11.00 target price (down previously from $14.00) on shares of General Electric in a research note on Tuesday, March 13th. DZ Bank reissued a “neutral” rating on shares of General Electric in a research note on Friday, January 26th. Finally, Deutsche Bank set a $15.00 target price on General Electric and gave the stock a “sell” rating in a research note on Wednesday, January 31st. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. General Electric has a consensus rating of “Hold” and a consensus price target of $18.27.

In related news, insider Alexander Dimitrief purchased 2,689 shares of General Electric stock in a transaction on Monday, January 29th. The shares were bought at an average price of $16.16 per share, with a total value of $43,454.24. Following the transaction, the insider now directly owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.12% of the stock is owned by company insiders.

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

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