General Electric (GE) Holdings Trimmed by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC trimmed its position in General Electric (NYSE:GE) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,556,765 shares of the conglomerate’s stock after selling 56,163 shares during the period. MetLife Investment Advisors LLC’s holdings in General Electric were worth $34,798,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. HC Financial Advisors Inc. bought a new stake in shares of General Electric in the fourth quarter valued at approximately $281,000. GFS Advisors LLC boosted its position in shares of General Electric by 13.1% in the first quarter. GFS Advisors LLC now owns 967,328 shares of the conglomerate’s stock valued at $13,039,000 after acquiring an additional 112,121 shares during the period. Alpha Cubed Investments LLC boosted its position in shares of General Electric by 88.0% in the first quarter. Alpha Cubed Investments LLC now owns 80,444 shares of the conglomerate’s stock valued at $1,084,000 after acquiring an additional 37,649 shares during the period. Banque Pictet & Cie SA boosted its position in shares of General Electric by 8.8% in the first quarter. Banque Pictet & Cie SA now owns 270,934 shares of the conglomerate’s stock valued at $3,652,000 after acquiring an additional 21,801 shares during the period. Finally, Mint Tower Capital Management B.V. bought a new stake in shares of General Electric in the first quarter valued at approximately $202,000. Institutional investors own 53.78% of the company’s stock.

Shares of NYSE GE opened at $8.02 on Friday. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.66 and a quick ratio of 1.36. The firm has a market capitalization of $69.63 billion, a P/E ratio of 10.55, a PEG ratio of 2.27 and a beta of 0.95. General Electric has a one year low of $7.72 and a one year high of $19.39.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, October 30th. The conglomerate reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The firm had revenue of $29.57 billion during the quarter, compared to analyst estimates of $30.08 billion. General Electric had a negative net margin of 27.36% and a positive return on equity of 10.29%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. Equities analysts anticipate that General Electric will post 0.67 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 25th. Investors of record on Monday, September 17th were paid a $0.12 dividend. The ex-dividend date was Friday, September 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.99%. General Electric’s payout ratio is 45.71%.

In related news, SVP Alexander Dimitrief acquired 10,000 shares of the company’s stock in a transaction on Tuesday, November 6th. The stock was purchased at an average cost of $9.48 per share, for a total transaction of $94,800.00. Following the completion of the purchase, the senior vice president now directly owns 103,075 shares of the company’s stock, valued at approximately $977,151. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Francisco Dsouza acquired 60,000 shares of the company’s stock in a transaction on Wednesday, November 14th. The shares were bought at an average price of $8.32 per share, with a total value of $499,200.00. Following the completion of the purchase, the director now directly owns 151,500 shares of the company’s stock, valued at $1,260,480. The disclosure for this purchase can be found here. Insiders purchased 295,000 shares of company stock valued at $2,783,250 over the last 90 days. 1.12% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently weighed in on the company. Gordon Haskett assumed coverage on General Electric in a research report on Friday, October 12th. They issued a “sell” rating for the company. Royal Bank of Canada reduced their price objective on General Electric to $13.00 and set a “neutral” rating for the company in a research report on Friday, September 28th. Oppenheimer reissued a “neutral” rating on shares of General Electric in a research report on Tuesday, October 2nd. Citigroup set a $21.00 price objective on General Electric and gave the company a “buy” rating in a research report on Monday, October 1st. Finally, Goldman Sachs Group set a $14.00 price objective on General Electric and gave the company a “neutral” rating in a research report on Tuesday, October 30th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $14.33.

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

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