Curbstone Financial Management Corp raised its position in General Electric Company (NYSE:GE) by 96.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,366 shares of the conglomerate’s stock after purchasing an additional 46,328 shares during the quarter. Curbstone Financial Management Corp owned approximately 0.14% of General Electric worth $2,282,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Warren Averett Asset Management LLC boosted its stake in shares of General Electric by 7.0% during the 2nd quarter. Warren Averett Asset Management LLC now owns 103,854 shares of the conglomerate’s stock worth $2,805,000 after acquiring an additional 6,799 shares in the last quarter. Sabal Trust CO boosted its stake in shares of General Electric by 5.4% during the 2nd quarter. Sabal Trust CO now owns 1,080,995 shares of the conglomerate’s stock worth $29,198,000 after acquiring an additional 55,049 shares in the last quarter. Rockland Trust Co. boosted its stake in shares of General Electric by 8.6% during the 2nd quarter. Rockland Trust Co. now owns 205,544 shares of the conglomerate’s stock worth $5,552,000 after acquiring an additional 16,309 shares in the last quarter. Stoneridge Investment Partners LLC boosted its stake in shares of General Electric by 23.4% during the 2nd quarter. Stoneridge Investment Partners LLC now owns 325,787 shares of the conglomerate’s stock worth $8,800,000 after acquiring an additional 61,746 shares in the last quarter. Finally, Rothschild Investment Corp IL boosted its stake in shares of General Electric by 2.4% during the 2nd quarter. Rothschild Investment Corp IL now owns 465,351 shares of the conglomerate’s stock worth $12,569,000 after acquiring an additional 10,906 shares in the last quarter. Hedge funds and other institutional investors own 55.74% of the company’s stock.

General Electric Company (NYSE:GE) opened at $17.82 on Monday. General Electric Company has a 12-month low of $17.46 and a 12-month high of $32.38. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.53 and a current ratio of 1.86. The firm has a market capitalization of $154,493.20, a PE ratio of 14.37, a P/E/G ratio of 1.93 and a beta of 1.06.

General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.20). The business had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.51 billion. General Electric had a return on equity of 13.72% and a net margin of 6.08%. General Electric’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. analysts forecast that General Electric Company will post 1.07 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Wednesday, December 27th will be issued a $0.12 dividend. The ex-dividend date is Tuesday, December 26th. This represents a $0.48 annualized dividend and a yield of 2.69%. General Electric’s dividend payout ratio (DPR) is 120.00%.

Several analysts have recently issued reports on GE shares. J P Morgan Chase & Co reiterated an “underweight” rating and set a $22.00 price target on shares of General Electric in a research note on Thursday, September 7th. Deutsche Bank reiterated a “sell” rating and set a $21.00 price target (down previously from $24.00) on shares of General Electric in a research note on Monday, September 11th. Vetr downgraded General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 price target for the company. in a research note 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 note on Friday, September 15th. Finally, Argus cut their price objective on General Electric from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, September 18th. Six analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. General Electric presently has a consensus rating of “Hold” and an average target price of $23.39.

In other news, Director Francisco Dsouza purchased 55,000 shares of the business’s stock in a transaction on Monday, November 20th. The stock was purchased at an average price of $17.94 per share, with a total value of $986,700.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven M. Mollenkopf purchased 5,500 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was purchased at an average cost of $18.24 per share, with a total value of $100,320.00. Following the acquisition, the director now owns 5,500 shares in the company, valued at $100,320. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 120,500 shares of company stock valued at $2,183,220. Insiders own 0.36% of the company’s stock.

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

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