Walter & Keenan Financial Consulting Co. MI ADV lifted its holdings in General Electric Company (NYSE:GE) by 4.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 245,110 shares of the conglomerate’s stock after acquiring an additional 10,230 shares during the quarter. General Electric accounts for about 3.3% of Walter & Keenan Financial Consulting Co. MI ADV’s holdings, making the stock its 4th biggest holding. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in General Electric were worth $6,620,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GE. BerganKDV Wealth Management LLC raised its holdings in General Electric by 0.3% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 11,804 shares of the conglomerate’s stock valued at $319,000 after buying an additional 36 shares during the last quarter. Puplava Financial Services Inc. raised its holdings in General Electric by 0.4% during the 2nd quarter. Puplava Financial Services Inc. now owns 11,209 shares of the conglomerate’s stock valued at $303,000 after buying an additional 41 shares during the last quarter. Northwest Wealth Management LLC raised its holdings in General Electric by 0.8% during the 2nd quarter. Northwest Wealth Management LLC now owns 9,392 shares of the conglomerate’s stock valued at $254,000 after buying an additional 75 shares during the last quarter. Insight 2811 Inc. raised its holdings in General Electric by 0.3% during the 1st quarter. Insight 2811 Inc. now owns 37,789 shares of the conglomerate’s stock valued at $1,126,000 after buying an additional 118 shares during the last quarter. Finally, Valmark Advisers Inc. raised its holdings in General Electric by 1.4% during the 2nd quarter. Valmark Advisers Inc. now owns 9,797 shares of the conglomerate’s stock valued at $265,000 after buying an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 54.29% of the company’s stock.

A number of equities research analysts recently commented on the stock. J P Morgan Chase & Co set a $17.00 price target on shares of General Electric and gave the company a “sell” rating in a report on Thursday. Cowen and Company reiterated a “hold” rating and set a $19.00 price target on shares of General Electric in a report on Wednesday, November 8th. Goldman Sachs Group, Inc. (The) set a $22.00 price target on shares of General Electric and gave the company a “neutral” rating in a report on Tuesday, November 7th. Vetr upgraded shares of General Electric from a “buy” rating to a “strong-buy” rating and set a $23.28 price target for the company in a report on Monday, October 30th. Finally, UBS AG reiterated a “sell” rating and set a $18.00 price target (down from $21.00) on shares of General Electric in a report on Monday, October 30th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. General Electric presently has a consensus rating of “Hold” and an average price target of $25.55.

Shares of General Electric Company (GE) opened at $20.49 on Monday. General Electric Company has a 1 year low of $19.63 and a 1 year high of $32.38. The company has a market cap of $177,777.73, a PE ratio of 16.53, a P/E/G ratio of 2.15 and a beta of 1.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.53 and a current ratio of 1.86.

General Electric (NYSE:GE) last announced its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $32.51 billion. During the same period last year, the company posted $0.32 earnings per share. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. equities analysts predict that General Electric Company will post 1.06 earnings per share for the current fiscal year.

The company also recently disclosed 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. This represents a $0.96 annualized dividend and a yield of 4.69%. The ex-dividend date was Friday, September 15th. General Electric’s dividend payout ratio (DPR) is 120.00%.

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In other news, Director James S. Tisch acquired 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were bought at an average cost of $24.56 per share, with a total value of $2,456,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

General Electric Profile

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

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