Parkside Investments LLC lessened its position in shares of General Electric (NYSE:GE – Get Rating) by 16.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,493 shares of the conglomerate’s stock after selling 2,000 shares during the quarter. Parkside Investments LLC’s holdings in General Electric were worth $879,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Coston McIsaac & Partners bought a new position in shares of General Electric during the 2nd quarter worth approximately $25,000. MADDEN SECURITIES Corp acquired a new stake in shares of General Electric in the fourth quarter worth $28,000. Standard Family Office LLC acquired a new stake in shares of General Electric in the third quarter worth $29,000. RE Dickinson Investment Advisors LLC increased its stake in shares of General Electric by 37.5% in the third quarter. RE Dickinson Investment Advisors LLC now owns 477 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 130 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. increased its stake in shares of General Electric by 808.1% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 299 shares during the period. Institutional investors own 70.12% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on GE. Oppenheimer increased their price target on shares of General Electric from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, March 14th. The Goldman Sachs Group increased their price objective on shares of General Electric from $84.00 to $96.00 and gave the company a “buy” rating in a report on Monday, March 13th. Morgan Stanley decreased their price objective on shares of General Electric from $88.00 to $85.00 and set an “overweight” rating on the stock in a report on Monday, January 23rd. Royal Bank of Canada increased their target price on shares of General Electric from $93.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, March 10th. Finally, Citigroup increased their target price on shares of General Electric from $87.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, December 9th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, General Electric presently has an average rating of “Moderate Buy” and an average price target of $93.14.
General Electric Stock Down 1.8 %
General Electric (NYSE:GE – Get Rating) last announced its quarterly earnings results on Tuesday, January 24th. The conglomerate reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.13. General Electric had a net margin of 0.29% and a return on equity of 8.47%. The business had revenue of $21.79 billion during the quarter, compared to analysts’ expectations of $22.11 billion. During the same period last year, the business earned $0.92 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts expect that General Electric will post 1.97 EPS for the current fiscal year.
General Electric Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Tuesday, March 7th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Tuesday, March 6th. General Electric’s dividend payout ratio is presently -1,066.67%.
General Electric Profile
General Electric Co engages in the provision of commercial and military aircraft engines and systems, wind, and other renewable energy generation equipment and grid solutions, and gas, steam, nuclear, and other power generation equipment. It operates through the following segments: Aviation, Healthcare, Renewable Energy, and Power.
- Get a free copy of the StockNews.com research report on General Electric (GE)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric (NYSE:GE – Get Rating).
Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.