Howe & Rusling Inc. Has $4.04 Million Position in General Electric (GE)
Howe & Rusling Inc. cut its holdings in General Electric (NYSE:GE) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 166,886 shares of the conglomerate’s stock after selling 3,736 shares during the period. Howe & Rusling Inc.’s holdings in General Electric were worth $4,035,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Lincoln Capital Corp increased its position in shares of General Electric by 4.7% in the third quarter. Lincoln Capital Corp now owns 190,001 shares of the conglomerate’s stock valued at $4,594,000 after acquiring an additional 8,478 shares during the period. Monarch Capital Management Inc. boosted its stake in shares of General Electric by 8.3% during the 3rd quarter. Monarch Capital Management Inc. now owns 180,190 shares of the conglomerate’s stock valued at $4,357,000 after purchasing an additional 13,743 shares in the last quarter. Moloney Securities Asset Management LLC boosted its stake in shares of General Electric by 22.0% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 151,463 shares of the conglomerate’s stock valued at $3,662,000 after purchasing an additional 27,279 shares in the last quarter. Peoples Financial Services CORP. boosted its stake in shares of General Electric by 2.5% during the 3rd quarter. Peoples Financial Services CORP. now owns 161,321 shares of the conglomerate’s stock valued at $3,901,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Quotient Investors LLC boosted its stake in shares of General Electric by 40.3% during the 3rd quarter. Quotient Investors LLC now owns 88,196 shares of the conglomerate’s stock valued at $2,133,000 after purchasing an additional 25,351 shares in the last quarter. 55.61% of the stock is owned by institutional investors.
Several equities research analysts recently commented on GE shares. Stifel Nicolaus reissued a “buy” rating and set a $26.00 price objective on shares of General Electric in a research note on Thursday, October 12th. J P Morgan Chase & Co decreased their target price on shares of General Electric from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Wednesday, November 1st. Vetr raised shares of General Electric from a “strong sell” rating to a “sell” rating and set a $21.74 target price for the company in a report on Tuesday, October 10th. Citigroup set a $25.00 target price on shares of General Electric and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, Goldman Sachs Group set a $22.00 target price on shares of General Electric and gave the stock a “neutral” rating in a report on Tuesday, November 14th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $23.39.
General Electric (GE) opened at $17.45 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.53 and a current ratio of 1.86. General Electric has a 12-month low of $17.36 and a 12-month high of $32.24. The firm has a market cap of $152,541.97, a price-to-earnings ratio of 14.19, a P/E/G ratio of 1.91 and a beta of 1.06.
General Electric (NYSE:GE) last issued its earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share 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 company had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.51 billion. During the same quarter in the prior year, the company posted $0.32 EPS. General Electric’s revenue was up 11.5% compared to the same quarter last year. analysts expect that General Electric will post 1.07 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Wednesday, December 27th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.48 annualized dividend and a yield of 2.75%. General Electric’s dividend payout ratio (DPR) is currently 120.00%.
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