Alps Advisors Inc. reduced its position in shares of General Electric (NYSE:GE) by 97.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 113,041 shares of the conglomerate’s stock after selling 3,634,662 shares during the period. Alps Advisors Inc.’s holdings in General Electric were worth $856,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. BigSur Wealth Management LLC raised its stake in General Electric by 3.4% in the fourth quarter. BigSur Wealth Management LLC now owns 31,650 shares of the conglomerate’s stock worth $240,000 after buying an additional 1,048 shares in the last quarter. Ford Financial Group Inc. increased its stake in shares of General Electric by 7.8% during the fourth quarter. Ford Financial Group Inc. now owns 16,210 shares of the conglomerate’s stock valued at $122,000 after purchasing an additional 1,171 shares in the last quarter. Edge Wealth Management LLC increased its stake in shares of General Electric by 47.4% during the fourth quarter. Edge Wealth Management LLC now owns 4,045 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 1,300 shares in the last quarter. Gilman Hill Asset Management LLC increased its stake in shares of General Electric by 7.2% during the fourth quarter. Gilman Hill Asset Management LLC now owns 19,444 shares of the conglomerate’s stock valued at $147,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC increased its stake in shares of General Electric by 2.3% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 60,776 shares of the conglomerate’s stock valued at $460,000 after purchasing an additional 1,344 shares in the last quarter. Institutional investors own 57.72% of the company’s stock.

In other news, insider Russell Stokes sold 49,904 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.93, for a total transaction of $495,546.72. Following the sale, the insider now owns 265,986 shares in the company, valued at $2,641,240.98. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.13% of the company’s stock.

NYSE:GE opened at $9.16 on Thursday. General Electric has a 52 week low of $6.66 and a 52 week high of $15.59. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.52 and a current ratio of 1.81. The company has a market cap of $86.91 billion, a PE ratio of 14.09, a PEG ratio of 4.06 and a beta of 0.99.

General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, January 31st. The conglomerate reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). General Electric had a negative net margin of 18.38% and a positive return on equity of 9.85%. The firm had revenue of $33.28 billion for the quarter, compared to analysts’ expectations of $32.01 billion. As a group, equities analysts predict that General Electric will post 0.58 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, March 11th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, March 8th. General Electric’s payout ratio is 6.15%.

A number of equities analysts have weighed in on GE shares. Argus raised shares of General Electric from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. William Blair reaffirmed a “buy” rating on shares of General Electric in a research note on Monday, January 14th. Vertical Research raised shares of General Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 19th. Gabelli reaffirmed a “buy” rating on shares of General Electric in a research note on Tuesday, February 26th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $12.00 target price on shares of General Electric in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus 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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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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