Fiera Capital Corp boosted its stake in shares of General Electric (NYSE:GE) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 49,517 shares of the conglomerate’s stock after purchasing an additional 1,800 shares during the period. Fiera Capital Corp’s holdings in General Electric were worth $375,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of GE. Farmers & Merchants Trust Co of Chambersburg PA raised its position in shares of General Electric by 250.0% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 3,500 shares of the conglomerate’s stock valued at $26,000 after buying an additional 2,500 shares during the last quarter. Mackey Komara & Dankovich LLC acquired a new stake in shares of General Electric in the fourth quarter valued at about $27,000. Edge Wealth Management LLC raised its position in shares of General Electric by 47.4% in the fourth quarter. Edge Wealth Management LLC now owns 4,045 shares of the conglomerate’s stock valued at $31,000 after buying an additional 1,300 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of General Electric in the fourth quarter valued at about $41,000. Finally, NuWave Investment Management LLC increased its position in General Electric by 170.3% during the fourth quarter. NuWave Investment Management LLC now owns 6,016 shares of the conglomerate’s stock worth $46,000 after purchasing an additional 3,790 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.
Shares of GE stock opened at $10.26 on Thursday. The company has a quick ratio of 1.50, a current ratio of 1.77 and a debt-to-equity ratio of 1.62. The stock has a market cap of $85.70 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 2.24 and a beta of 0.99. General Electric has a 1-year low of $6.66 and a 1-year high of $15.59.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, March 11th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Friday, March 8th. General Electric’s dividend payout ratio (DPR) is presently 6.15%.
In other General Electric news, insider Russell Stokes sold 49,904 shares of the stock in a transaction dated Monday, March 11th. The shares were 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 owns 265,986 shares of the company’s stock, valued at $2,641,240.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.13% of the company’s stock.
Several equities research analysts recently issued reports on the stock. Deutsche Bank raised their price objective on shares of 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. Cowen restated a “hold” rating and set a $8.00 price objective on shares of General Electric in a research report on Tuesday, February 26th. Gabelli restated a “buy” rating on shares of General Electric in a research report on Tuesday, February 26th. Bank of America restated a “hold” rating and set a $11.00 price objective on shares of General Electric in a research report on Thursday, January 31st. Finally, Zacks Investment Research cut shares of General Electric from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $12.33.
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General Electric 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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