Bienville Capital Management LLC cut its stake in General Electric Company (NYSE:GE) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,200 shares of the conglomerate’s stock after selling 179 shares during the period. Bienville Capital Management LLC’s holdings in General Electric were worth $224,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of GE. K.J. Harrison & Partners Inc increased its holdings in shares of General Electric by 16.3% during the first quarter. K.J. Harrison & Partners Inc now owns 92,995 shares of the conglomerate’s stock worth $2,771,000 after buying an additional 13,000 shares in the last quarter. BTC Capital Management Inc. lifted its holdings in shares of General Electric by 1.1% during the 1st quarter. BTC Capital Management Inc. now owns 134,796 shares of the conglomerate’s stock worth $4,018,000 after acquiring an additional 1,411 shares during the last quarter. Selway Asset Management lifted its holdings in shares of General Electric by 1.6% during the 1st quarter. Selway Asset Management now owns 61,038 shares of the conglomerate’s stock worth $1,819,000 after acquiring an additional 975 shares during the last quarter. Pegasus Partners Ltd. raised its position in General Electric by 2.3% in the 1st quarter. Pegasus Partners Ltd. now owns 79,135 shares of the conglomerate’s stock worth $2,358,000 after purchasing an additional 1,795 shares during the period. Finally, Access Financial Services Inc. raised its position in General Electric by 81.5% in the 1st quarter. Access Financial Services Inc. now owns 53,846 shares of the conglomerate’s stock worth $1,605,000 after purchasing an additional 24,180 shares during the period. 55.74% of the stock is owned by institutional investors and hedge funds.

In other General Electric news, Chairman John Leonard Flannery acquired 60,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was acquired at an average price of $18.27 per share, for a total transaction of $1,096,200.00. Following the completion of the transaction, the chairman now directly owns 575,477 shares of the company’s stock, valued at $10,513,964.79. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Francisco Dsouza acquired 55,000 shares of the stock in a transaction on Monday, November 20th. The shares were acquired at an average price of $17.94 per share, with a total value of $986,700.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 120,500 shares of company stock valued at $2,183,220. 0.36% of the stock is owned by company insiders.

Shares of General Electric Company (GE) traded down $0.10 during trading hours on Thursday, hitting $17.66. 43,913,600 shares of the company were exchanged, compared to its average volume of 45,110,766. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 1.14. General Electric Company has a 12-month low of $17.46 and a 12-month high of $32.38. The company has a market capitalization of $154,016.23, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 1.92 and a beta of 1.06.

General Electric (NYSE:GE) last issued its earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.20). General Electric had a return on equity of 13.72% and a net margin of 6.08%. The company had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.51 billion. During the same quarter in the prior year, the company posted $0.32 EPS. General Electric’s revenue was up 11.5% compared to the same quarter last year. equities research analysts anticipate that General Electric Company will post 1.07 EPS for the current year.

A number of equities analysts recently commented on GE shares. J P Morgan Chase & Co reiterated an “underweight” rating and issued a $22.00 target price on shares of General Electric in a research report on Thursday, September 7th. Deutsche Bank restated a “sell” rating and issued a $21.00 price objective (down previously from $24.00) on shares of General Electric in a research report on Monday, September 11th. Vetr cut shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 price target on the stock. in a research report on Wednesday, September 13th. Royal Bank Of Canada reiterated a “buy” rating and set a $31.00 price target on shares of General Electric in a research report on Friday, September 15th. Finally, Argus dropped their price objective on shares of General Electric from $30.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, September 18th. Six analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $23.64.

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About General Electric

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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