BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in shares of General Electric Company (NYSE:GE) by 4.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,977,350 shares of the conglomerate’s stock after selling 214,878 shares during the quarter. General Electric accounts for about 1.1% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s portfolio, making the stock its 10th largest position. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.06% of General Electric worth $134,438,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in GE. Ullmann Financial Group Inc. bought a new stake in shares of General Electric during the 1st quarter valued at approximately $106,000. PHH Investments Ltd. grew its holdings in shares of General Electric by 105.0% during the 1st quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock valued at $116,000 after purchasing an additional 2,000 shares during the last quarter. Oakmont Partners LLC grew its holdings in shares of General Electric by 3.6% during the 2nd quarter. Oakmont Partners LLC now owns 8,034 shares of the conglomerate’s stock valued at $217,000 after purchasing an additional 278 shares during the last quarter. Cascade Investment Advisors Inc. grew its holdings in shares of General Electric by 25.2% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 8,081 shares of the conglomerate’s stock valued at $218,000 after purchasing an additional 1,625 shares during the last quarter. Finally, Barber Financial Group Inc. grew its holdings in shares of General Electric by 3.1% during the 1st quarter. Barber Financial Group Inc. now owns 7,363 shares of the conglomerate’s stock valued at $219,000 after purchasing an additional 220 shares during the last quarter. 54.75% of the stock is currently owned by institutional investors.

In related news, Director Steven M. Mollenkopf bought 5,500 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average price of $18.24 per share, for a total transaction of $100,320.00. Following the transaction, the director now directly owns 5,500 shares of the company’s stock, valued at $100,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John Leonard Flannery bought 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average price of $18.27 per share, for a total transaction of $1,096,200.00. Following the transaction, the chairman now directly owns 575,477 shares in the company, valued at $10,513,964.79. The disclosure for this purchase can be found here. Insiders have purchased a total of 120,500 shares of company stock worth $2,183,220 in the last quarter. 0.36% of the stock is owned by corporate insiders.

GE has been the topic of several research reports. Goldman Sachs Group, Inc. (The) set a $27.00 price target on shares of General Electric and gave the company a “neutral” rating in a report on Monday, July 24th. J P Morgan Chase & Co set a $22.00 target price on shares of General Electric and gave the stock a “sell” rating in a research report on Monday, July 24th. Morgan Stanley reiterated an “equal weight” rating and set a $26.00 target price (down from $27.00) on shares of General Electric in a research report on Monday, July 24th. Citigroup Inc. reiterated a “buy” rating and set a $31.00 target price (down from $34.00) on shares of General Electric in a research report on Monday, July 24th. Finally, Stifel Nicolaus cut their target price on shares of General Electric from $33.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, July 25th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $24.84.

General Electric Company (NYSE GE) opened at $17.98 on Tuesday. The stock has a market cap of $156,310.00, a P/E ratio of 14.69, a PEG ratio of 1.99 and a beta of 1.11. General Electric Company has a 1 year low of $17.46 and a 1 year high of $32.38. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.86 and a quick ratio of 1.53.

General Electric (NYSE:GE) last released its earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The company had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.51 billion. During the same quarter in the previous year, the firm earned $0.32 EPS. The firm’s revenue was up 11.5% on a year-over-year basis. equities research analysts forecast that General Electric Company will post 1.06 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Monday, September 18th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.34%. General Electric’s payout ratio is presently 111.63%.

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

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