General Electric (GE) Holdings Reduced by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC trimmed its holdings in shares of General Electric (NYSE:GE) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,824,883 shares of the conglomerate’s stock after selling 30,766 shares during the period. Gateway Investment Advisers LLC’s holdings in General Electric were worth $84,194,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Ffcm LLC purchased a new stake in General Electric during the 2nd quarter valued at $114,000. MPS Loria Financial Planners LLC purchased a new position in shares of General Electric in the 2nd quarter worth $113,000. Corbenic Partners LLC boosted its stake in shares of General Electric by 15.7% in the 2nd quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after buying an additional 725 shares during the last quarter. Bristlecone Advisors LLC purchased a new position in shares of General Electric in the 3rd quarter worth $164,000. Finally, Tuttle Tactical Management LLC purchased a new position in shares of General Electric in the 2nd quarter worth $209,000. Institutional investors and hedge funds own 56.30% of the company’s stock.

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NYSE GE opened at $13.48 on Friday. The firm has a market cap of $117,041.13, a P/E ratio of 12.84, a P/E/G ratio of 2.56 and a beta of 1.00. The company has a current ratio of 1.87, a quick ratio of 1.59 and a debt-to-equity ratio of 1.32. General Electric has a fifty-two week low of $12.73 and a fifty-two week high of $30.54.

General Electric (NYSE:GE) last released its earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The company had revenue of $31.40 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the firm posted $0.46 earnings per share. equities research analysts anticipate that General Electric will post 0.99 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 23rd. This represents a $0.48 annualized dividend and a yield of 3.56%. General Electric’s dividend payout ratio (DPR) is presently 45.71%.

A number of research firms have recently issued reports on GE. TheStreet downgraded General Electric from a “c” rating to a “d+” rating in a research note on Wednesday, January 24th. DZ Bank restated a “sell” rating on shares of General Electric in a research note on Wednesday. Stifel Nicolaus dropped their price target on General Electric from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, January 30th. JPMorgan Chase restated an “underweight” rating and issued a $11.00 price target (down from $14.00) on shares of General Electric in a research note on Tuesday, March 13th. Finally, Vetr downgraded General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 price target on the stock. in a research note on Wednesday, January 10th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $18.27.

In related news, insider Alexander Dimitrief bought 2,689 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average cost of $16.16 per share, for a total transaction of $43,454.24. Following the completion of the transaction, the insider now owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.12% of the stock is currently owned by 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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