General Electric Company (GE) Shares Bought by Trillium Asset Management LLC
Trillium Asset Management LLC raised its stake in shares of General Electric Company (NYSE:GE) by 12.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,014 shares of the conglomerate’s stock after buying an additional 2,287 shares during the quarter. Trillium Asset Management LLC’s holdings in General Electric were worth $541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently bought and sold shares of GE. Janney Montgomery Scott LLC boosted its position in shares of General Electric by 2.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,910,635 shares of the conglomerate’s stock valued at $86,737,000 after acquiring an additional 69,110 shares during the last quarter. K.J. Harrison & Partners Inc lifted its position in General Electric by 16.3% in 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 during the last quarter. Moloney Securities Asset Management LLC lifted its position in General Electric by 2.0% in the first quarter. Moloney Securities Asset Management LLC now owns 125,534 shares of the conglomerate’s stock worth $3,741,000 after buying an additional 2,406 shares during the last quarter. Clarkston Capital Partners LLC lifted its position in General Electric by 6.5% in the first quarter. Clarkston Capital Partners LLC now owns 1,455,527 shares of the conglomerate’s stock worth $43,375,000 after buying an additional 89,308 shares during the last quarter. Finally, BTC Capital Management Inc. lifted its position in General Electric by 1.1% in the first quarter. BTC Capital Management Inc. now owns 134,796 shares of the conglomerate’s stock worth $4,018,000 after buying an additional 1,411 shares during the last quarter. Hedge funds and other institutional investors own 54.75% of the company’s stock.
In other General Electric news, Chairman John Leonard Flannery bought 60,000 shares of General Electric stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average cost of $18.27 per share, with a total value of $1,096,200.00. Following the purchase, the chairman now directly owns 575,477 shares in the company, valued at approximately $10,513,964.79. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Francisco Dsouza bought 55,000 shares of General Electric stock in a transaction dated Monday, November 20th. The shares were acquired at an average cost of $17.94 per share, with a total value of $986,700.00. The disclosure for this purchase can be found here. Insiders acquired 120,500 shares of company stock valued at $2,183,220 over the last three months. 0.36% of the stock is currently owned by corporate insiders.
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Shares of General Electric Company (NYSE:GE) opened at $17.98 on Tuesday. 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 twelve month low of $17.46 and a twelve month high of $32.38. The company has a market capitalization of $156,310.00, a PE ratio of 14.69, a P/E/G ratio of 1.99 and a beta of 1.11.
General Electric (NYSE:GE) last released its earnings results on Friday, October 20th. The conglomerate reported $0.29 EPS 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 firm had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.51 billion. During the same period last year, the firm earned $0.32 EPS. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. analysts expect that General Electric Company will post 1.06 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Monday, September 18th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date was Friday, September 15th. General Electric’s payout ratio is presently 111.63%.
Several research firms have recently weighed in on GE. Royal Bank Of Canada downgraded General Electric from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $25.00 to $20.00 in a research report on Tuesday, November 14th. J P Morgan Chase & Co set a $17.00 target price on General Electric and gave the stock a “sell” rating in a research report on Wednesday, November 15th. Vetr downgraded General Electric from a “hold” rating to a “sell” rating and set a $23.72 target price for the company. in a research report on Monday, September 25th. Goldman Sachs Group, Inc. (The) set a $22.00 target price on General Electric and gave the stock a “neutral” rating in a research report on Tuesday, November 14th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $23.00 target price (down from $27.00) on shares of General Electric in a research report on Tuesday, November 14th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. General Electric presently has an average rating of “Hold” and a consensus price target of $24.84.
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