30,880 Shares in General Electric (GE) Acquired by Roman Butler Fullerton & Co.
Roman Butler Fullerton & Co. acquired a new stake in shares of General Electric (NYSE:GE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,880 shares of the conglomerate’s stock, valued at approximately $276,000.
A number of other institutional investors have also recently made changes to their positions in GE. Performa Ltd US LLC bought a new stake in General Electric in the 4th quarter worth about $390,000. Thompson Investment Management Inc. increased its holdings in General Electric by 2.6% in the 4th quarter. Thompson Investment Management Inc. now owns 1,011,037 shares of the conglomerate’s stock worth $7,654,000 after buying an additional 25,554 shares in the last quarter. Financial Gravity Companies Inc. bought a new stake in General Electric in the 4th quarter worth about $246,000. Securian Asset Management Inc increased its holdings in General Electric by 0.3% in the 4th quarter. Securian Asset Management Inc now owns 881,025 shares of the conglomerate’s stock worth $6,669,000 after buying an additional 2,330 shares in the last quarter. Finally, Gamble Jones Investment Counsel lifted its position in shares of General Electric by 7.5% during the 4th quarter. Gamble Jones Investment Counsel now owns 52,787 shares of the conglomerate’s stock valued at $400,000 after buying an additional 3,680 shares in the last quarter. 57.72% of the stock is owned by institutional investors and hedge funds.
NYSE GE opened at $9.16 on Thursday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.52 and a current ratio of 1.81. General Electric has a 12 month low of $6.66 and a 12 month high of $15.59. The company has a market capitalization of $80.05 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 4.08 and a beta of 0.99.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, March 11th will be issued a $0.01 dividend. The ex-dividend date is Friday, March 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.44%. General Electric’s dividend payout ratio is presently 6.15%.
In related news, insider Russell Stokes sold 49,904 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.93, for a total value of $495,546.72. Following the transaction, the insider now directly owns 265,986 shares of the company’s stock, valued at approximately $2,641,240.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.13% of the stock is currently owned by insiders.
A number of research firms have recently weighed in on GE. Zacks Investment Research raised General Electric from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. JPMorgan Chase & Co. cut General Electric from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $6.00 to $5.00 in a research report on Monday. Royal Bank of Canada set a $12.00 price objective on General Electric and gave the company a “buy” rating in a research report on Tuesday, March 12th. ValuEngine raised General Electric from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $11.00 price objective on shares of General Electric in a research report on Friday, March 8th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $12.39.
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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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