Eqis Capital Management Inc. lowered its position in shares of General Electric (NYSE:GE) by 18.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,392 shares of the conglomerate’s stock after selling 23,088 shares during the period. Eqis Capital Management Inc.’s holdings in General Electric were worth $752,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. FMR LLC raised its position in shares of General Electric by 158.6% during the 2nd quarter. FMR LLC now owns 205,696,411 shares of the conglomerate’s stock worth $2,799,528,000 after purchasing an additional 126,169,069 shares during the period. Lido Advisors LLC raised its position in shares of General Electric by 49.6% during the 2nd quarter. Lido Advisors LLC now owns 35,825 shares of the conglomerate’s stock worth $487,000 after purchasing an additional 11,871 shares during the period. Alambic Investment Management L.P. acquired a new stake in shares of General Electric during the 2nd quarter worth approximately $636,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of General Electric during the 2nd quarter worth approximately $283,000. Finally, Valeo Financial Advisors LLC raised its position in shares of General Electric by 11.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 231,826 shares of the conglomerate’s stock worth $2,891,000 after purchasing an additional 24,095 shares during the period. 56.98% of the stock is owned by institutional investors.
GE opened at $10.30 on Friday. General Electric has a 12 month low of $6.66 and a 12 month high of $15.59. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.43 and a current ratio of 1.81. The company has a market capitalization of $84.74 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 3.33 and a beta of 0.99.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, March 11th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.39%. The ex-dividend date is Friday, March 8th. General Electric’s dividend payout ratio is currently 6.15%.
A number of brokerages have recently weighed in on GE. Royal Bank of Canada set a $12.00 price target on General Electric and gave the stock a “buy” rating in a research report on Tuesday. ValuEngine upgraded General Electric from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. Credit Suisse Group reiterated a “neutral” rating and set a $11.00 price target on shares of General Electric in a research report on Friday, March 8th. Deutsche Bank increased their price target on General Electric from $8.00 to $11.00 and gave the stock a “positive” rating in a research report on Monday, February 25th. They noted that the move was a valuation call. Finally, Gabelli restated a “buy” rating on shares of General Electric in a research report on Tuesday, February 26th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $12.44.
In other General Electric news, insider Russell Stokes sold 49,904 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.93, for a total transaction of $495,546.72. Following the completion of the transaction, the insider now directly owns 265,986 shares of the company’s stock, valued at approximately $2,641,240.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.12% of the company’s stock.
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General Electric Company Profile
General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.
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