Guggenheim Capital LLC boosted its stake in General Electric (NYSE:GE) by 9.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,036,170 shares of the conglomerate’s stock after purchasing an additional 333,638 shares during the period. Guggenheim Capital LLC’s holdings in General Electric were worth $54,406,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Archford Capital Strategies LLC acquired a new stake in General Electric in the 1st quarter valued at approximately $121,000. Santori & Peters Inc. acquired a new position in shares of General Electric in the fourth quarter worth $120,000. Ackerman Capital Advisors LLC acquired a new position in shares of General Electric in the fourth quarter worth $225,000. Squar Milner Financial Services LLC acquired a new position in shares of General Electric in the fourth quarter worth $164,000. Finally, Todd Asset Management LLC acquired a new position in shares of General Electric in the first quarter worth $137,000. Hedge funds and other institutional investors own 54.01% of the company’s stock.

Several research firms have commented on GE. JPMorgan Chase & Co. restated a “sell” rating and issued a $11.00 price target on shares of General Electric in a research note on Tuesday, May 22nd. Citigroup restated a “buy” rating on shares of General Electric in a research note on Tuesday, May 22nd. Goldman Sachs Group restated a “neutral” rating and issued a $14.00 price target on shares of General Electric in a research note on Tuesday, May 22nd. Stifel Nicolaus restated a “neutral” rating and issued a $15.00 price target on shares of General Electric in a research note on Friday, May 18th. Finally, UBS Group restated a “neutral” rating and issued a $16.00 price target on shares of General Electric in a research note on Thursday, May 17th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. General Electric presently has a consensus rating of “Hold” and a consensus target price of $17.15.

In other news, Director H Lawrence Culp, Jr. acquired 191,000 shares of the firm’s stock in a transaction dated Tuesday, July 24th. The stock was acquired at an average cost of $13.04 per share, with a total value of $2,490,640.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.12% of the stock is currently owned by insiders.

General Electric stock opened at $12.30 on Friday. The firm has a market cap of $110.88 billion, a PE ratio of 11.71, a PEG ratio of 2.41 and a beta of 1.00. General Electric has a 12-month low of $11.94 and a 12-month high of $25.30. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.81 and a quick ratio of 1.51.

General Electric (NYSE:GE) last released its quarterly earnings data on Friday, July 20th. The conglomerate reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The business had revenue of $30.10 billion during the quarter, compared to analysts’ expectations of $29.39 billion. General Electric had a negative net margin of 6.59% and a positive return on equity of 10.40%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. sell-side analysts forecast that General Electric will post 0.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 25th. Stockholders of record on Monday, June 18th were given a dividend of $0.12 per share. The ex-dividend date was Friday, June 15th. This represents a $0.48 annualized dividend and a dividend yield of 3.90%. General Electric’s dividend payout ratio (DPR) is currently 45.71%.

General Electric Company Profile

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.

Further Reading: Book Value Per Share – BVPS

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

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