Somerville Kurt F lessened its holdings in shares of General Electric (NYSE:GE) by 16.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,306 shares of the conglomerate’s stock after selling 5,816 shares during the quarter. Somerville Kurt F’s holdings in General Electric were worth $327,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Diversified Trust Co lifted its holdings in General Electric by 3.3% in the 4th quarter. Diversified Trust Co now owns 28,415 shares of the conglomerate’s stock worth $317,000 after purchasing an additional 899 shares during the last quarter. Foundations Investment Advisors LLC lifted its holdings in General Electric by 7.3% in the 4th quarter. Foundations Investment Advisors LLC now owns 13,397 shares of the conglomerate’s stock worth $163,000 after purchasing an additional 916 shares during the last quarter. Chemung Canal Trust Co. lifted its holdings in shares of General Electric by 9.6% during the fourth quarter. Chemung Canal Trust Co. now owns 13,213 shares of the conglomerate’s stock worth $148,000 after buying an additional 1,152 shares during the last quarter. Old Port Advisors lifted its holdings in shares of General Electric by 1.0% during the third quarter. Old Port Advisors now owns 118,078 shares of the conglomerate’s stock worth $1,012,000 after buying an additional 1,196 shares during the last quarter. Finally, Roffman Miller Associates Inc. PA lifted its holdings in shares of General Electric by 5.7% during the third quarter. Roffman Miller Associates Inc. PA now owns 22,670 shares of the conglomerate’s stock worth $203,000 after buying an additional 1,213 shares during the last quarter. 60.21% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on GE shares. Zacks Investment Research lowered General Electric from a “hold” rating to a “sell” rating and set a $13.00 price target for the company. in a report on Tuesday, January 7th. JPMorgan Chase & Co. set a $5.00 target price on General Electric and gave the company an “underweight” rating in a research note on Friday, November 1st. Royal Bank of Canada restated a “buy” rating and issued a $13.00 target price on shares of General Electric in a research note on Wednesday, October 30th. William Blair restated a “buy” rating on shares of General Electric in a research note on Tuesday, December 3rd. Finally, Deutsche Bank upped their target price on General Electric from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. General Electric has an average rating of “Hold” and an average price target of $10.92.

Shares of NYSE GE traded down $0.16 during trading hours on Wednesday, reaching $11.87. The stock had a trading volume of 46,035,858 shares, compared to its average volume of 66,716,188. The business’s fifty day moving average is $11.35 and its two-hundred day moving average is $10.06. General Electric has a twelve month low of $7.65 and a twelve month high of $12.23. The company has a market cap of $103.67 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 2.46 and a beta of 1.16. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.84 and a quick ratio of 1.60.

General Electric (NYSE:GE) last announced its quarterly earnings results on Wednesday, October 30th. The conglomerate reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. General Electric had a positive return on equity of 11.69% and a negative net margin of 4.39%. The firm had revenue of $23.36 billion for the quarter, compared to analysts’ expectations of $22.93 billion. During the same period in the prior year, the business posted $0.14 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. Sell-side analysts forecast that General Electric will post 0.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Monday, December 23rd will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date is Friday, December 20th. General Electric’s dividend payout ratio (DPR) is 6.15%.

About General Electric

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

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

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