General Electric Company (GE) Shares Bought by Lucas Capital Management
Lucas Capital Management boosted its holdings in shares of General Electric Company (NYSE:GE) by 80.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 95,340 shares of the conglomerate’s stock after buying an additional 42,405 shares during the period. General Electric makes up about 1.9% of Lucas Capital Management’s holdings, making the stock its 17th largest holding. Lucas Capital Management’s holdings in General Electric were worth $2,575,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Ullmann Financial Group Inc. bought a new stake in General Electric during the first quarter worth about $106,000. PHH Investments Ltd. lifted its stake in General Electric by 105.0% during the first quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock worth $116,000 after purchasing an additional 2,000 shares during the last quarter. Barber Financial Group Inc. lifted its stake in General Electric by 3.1% during the first quarter. Barber Financial Group Inc. now owns 7,363 shares of the conglomerate’s stock worth $219,000 after purchasing an additional 220 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in General Electric during the first quarter worth about $226,000. Finally, Oakmont Partners LLC lifted its stake in General Electric by 3.6% during the second quarter. Oakmont Partners LLC now owns 8,034 shares of the conglomerate’s stock worth $217,000 after purchasing an additional 278 shares during the last quarter. 54.53% of the stock is owned by institutional investors.
In other news, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $25.65, for a total value of $633,375.45. Following the sale, the insider now directly owns 175,717 shares of the company’s stock, valued at approximately $4,507,141.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James S. Tisch purchased 100,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average cost of $24.56 per share, for a total transaction of $2,456,000.00. The disclosure for this purchase can be found here. Insiders own 0.36% of the company’s stock.
General Electric Company (GE) opened at $20.14 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.86 and a quick ratio of 1.56. The firm has a market capitalization of $172.92 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 2.08 and a beta of 1.11.
General Electric (NYSE:GE) last posted its earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). General Electric had a return on equity of 13.72% and a net margin of 6.08%. The firm had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $32.51 billion. During the same quarter last year, the company posted $0.32 EPS. The firm’s revenue was up 11.5% on a year-over-year basis. analysts expect that General Electric Company will post 1.06 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th were given a $0.24 dividend. The ex-dividend date was Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.77%. General Electric’s dividend payout ratio is currently 120.00%.
A number of equities research analysts have recently weighed in on the company. J P Morgan Chase & Co lowered their target price on General Electric from $19.00 to $17.00 and set an “underweight” rating for the company in a research note on Wednesday. Vetr raised General Electric from a “buy” rating to a “strong-buy” rating and set a $23.28 target price for the company in a research note on Monday, October 30th. UBS Group AG (USA) reissued a “sell” rating and issued a $18.00 target price (down previously from $21.00) on shares of General Electric in a research note on Monday, October 30th. Oppenheimer Holdings, Inc. lowered General Electric from a “market perform” rating to an “underperform” rating in a research note on Tuesday, October 24th. Finally, Stifel Nicolaus lowered General Electric from a “buy” rating to a “hold” rating and lowered their target price for the company from $26.00 to $22.00 in a research note on Tuesday, October 24th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $25.84.
General Electric Company Profile
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