Kidder Stephen W decreased its holdings in General Electric (NYSE:GE) by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,018 shares of the conglomerate’s stock after selling 9,450 shares during the quarter. Kidder Stephen W’s holdings in General Electric were worth $790,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in GE. FMR LLC lifted its stake in shares of General Electric by 158.6% in the second quarter. FMR LLC now owns 205,696,411 shares of the conglomerate’s stock worth $2,799,528,000 after acquiring an additional 126,169,069 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of General Electric by 43.9% in the first quarter. The Manufacturers Life Insurance Company now owns 90,257,543 shares of the conglomerate’s stock worth $1,216,672,000 after acquiring an additional 27,527,425 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of General Electric by 334.5% in the second quarter. Pzena Investment Management LLC now owns 17,048,137 shares of the conglomerate’s stock worth $232,025,000 after acquiring an additional 13,124,900 shares in the last quarter. Morgan Stanley lifted its stake in shares of General Electric by 26.1% in the second quarter. Morgan Stanley now owns 54,507,783 shares of the conglomerate’s stock worth $741,852,000 after acquiring an additional 11,294,608 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of General Electric by 15.2% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 74,590,954 shares of the conglomerate’s stock worth $1,005,486,000 after acquiring an additional 9,835,343 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.

Shares of General Electric stock opened at $7.35 on Friday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.36 and a current ratio of 1.66. The company has a market cap of $63.21 billion, a PE ratio of 9.58, a P/E/G ratio of 2.07 and a beta of 0.88. General Electric has a twelve month low of $7.15 and a twelve month high of $19.39.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, October 30th. The conglomerate reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The company had revenue of $29.57 billion for the quarter, compared to analyst estimates of $30.08 billion. General Electric had a positive return on equity of 10.29% and a negative net margin of 27.36%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. As a group, research analysts expect that General Electric will post 0.67 EPS for the current year.

Several brokerages have issued reports on GE. Bank of America restated a “hold” rating and set a $14.00 price objective on shares of General Electric in a research note on Thursday, October 4th. Credit Suisse Group restated a “neutral” rating and set a $12.00 price objective on shares of General Electric in a research note on Wednesday, October 31st. ValuEngine upgraded General Electric from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 6th. Deutsche Bank cut their price objective on General Electric from $11.00 to $7.00 and set a “hold” rating on the stock in a research note on Friday, November 30th. Finally, JPMorgan Chase & Co. set a $10.00 price objective on General Electric and gave the company a “sell” rating in a research note on Wednesday, October 31st. Five analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $13.86.

In related news, SVP Alexander Dimitrief purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, November 6th. The shares were acquired at an average cost of $9.48 per share, for a total transaction of $94,800.00. Following the transaction, the senior vice president now owns 103,075 shares of the company’s stock, valued at $977,151. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman H Lawrence Culp, Jr. purchased 225,000 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were bought at an average price of $9.73 per share, for a total transaction of $2,189,250.00. The disclosure for this purchase can be found here. Insiders have bought a total of 295,000 shares of company stock worth $2,783,250 over the last quarter. Insiders own 1.12% of the company’s stock.

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About General Electric

General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.

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

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