Sky Investment Group LLC lessened its holdings in General Electric (NYSE:GE) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,201 shares of the conglomerate’s stock after selling 30,992 shares during the quarter. Sky Investment Group LLC’s holdings in General Electric were worth $2,289,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of GE. MPS Loria Financial Planners LLC bought a new stake in General Electric in the 2nd quarter worth $113,000. Ffcm LLC bought a new stake in General Electric in the 2nd quarter worth $114,000. Corbenic Partners LLC grew its holdings in 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 acquiring an additional 725 shares during the last quarter. Bristlecone Advisors LLC bought a new stake in General Electric in the 3rd quarter worth $164,000. Finally, KCS Wealth Advisory bought a new stake in General Electric in the 4th quarter worth $183,000. Institutional investors own 56.30% of the company’s stock.
NYSE:GE opened at $13.48 on Friday. General Electric has a one year low of $12.73 and a one year high of $30.54. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.59 and a current ratio of 1.87. The stock has a market cap of $117,041.13, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 2.56 and a beta of 1.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.56%. The ex-dividend date is Friday, February 23rd. General Electric’s payout ratio is currently 45.71%.
GE has been the topic of a number of recent analyst reports. JPMorgan Chase reissued a “sell” rating and issued a $16.00 price target (down previously from $17.00) on shares of General Electric in a report on Monday, January 8th. Citigroup set a $23.00 price target on shares of General Electric and gave the stock a “buy” rating in a report on Monday, February 26th. Vetr raised shares of General Electric from a “buy” rating to a “strong-buy” rating and set a $22.05 price target on the stock in a report on Monday, January 15th. Morningstar set a $23.50 target price on shares of General Electric and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Finally, Bank of America lowered shares of General Electric from a “buy” rating to a “neutral” rating and set a $17.00 target price on the stock. in a research note on Monday, January 22nd. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. General Electric currently has a consensus rating of “Hold” and a consensus price target of $18.27.
In other General Electric news, insider Alexander Dimitrief acquired 2,689 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of $16.16 per share, with a total value of $43,454.24. Following the completion of the purchase, the insider now directly owns 81,185 shares of the company’s stock, valued at approximately $1,311,949.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.12% of the company’s stock.
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General Electric Company 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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