Lowe Brockenbrough & Co. Inc. increased its stake in General Electric (NYSE:GE) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 383,787 shares of the conglomerate’s stock after acquiring an additional 4,105 shares during the period. General Electric makes up 1.4% of Lowe Brockenbrough & Co. Inc.’s investment portfolio, making the stock its 15th largest position. Lowe Brockenbrough & Co. Inc.’s holdings in General Electric were worth $9,280,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GE. Peak Financial Management Inc. raised its holdings in General Electric by 0.3% in the second quarter. Peak Financial Management Inc. now owns 9,284 shares of the conglomerate’s stock valued at $251,000 after buying an additional 25 shares during the period. Cutter & CO Brokerage Inc. raised its holdings in General Electric by 0.3% in the second quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate’s stock valued at $557,000 after buying an additional 67 shares during the period. NorthRock Partners LLC raised its holdings in General Electric by 0.9% in the second quarter. NorthRock Partners LLC now owns 8,842 shares of the conglomerate’s stock valued at $241,000 after buying an additional 80 shares during the period. Valmark Advisers Inc. raised its holdings in General Electric by 1.4% in the second quarter. Valmark Advisers Inc. now owns 9,797 shares of the conglomerate’s stock valued at $265,000 after buying an additional 138 shares during the period. Finally, Shapiro Capital Management LLC raised its holdings in General Electric by 0.8% in the second quarter. Shapiro Capital Management LLC now owns 18,868 shares of the conglomerate’s stock valued at $510,000 after buying an additional 147 shares during the period. 54.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of General Electric (NYSE GE) opened at $14.82 on Tuesday. The stock has a market cap of $129,560.95, a P/E ratio of 14.23, a PEG ratio of 2.83 and a beta of 0.93. General Electric has a 12 month low of $14.23 and a 12 month high of $30.59. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.53 and a current ratio of 1.86.

General Electric (NYSE:GE) last posted its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The firm had revenue of $31.40 billion for the quarter, compared to analysts’ expectations of $33.93 billion. General Electric had a negative net margin of 4.74% and a positive return on equity of 12.26%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 EPS. sell-side analysts forecast that General Electric will post 0.99 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Monday, February 26th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, February 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.24%. General Electric’s dividend payout ratio is currently -66.67%.

Several research firms recently commented on GE. Goldman Sachs Group set a $22.00 price target on shares of General Electric and gave the company a “neutral” rating in a report on Monday, October 23rd. Royal Bank of Canada set a $25.00 price target on shares of General Electric and gave the company a “buy” rating in a report on Monday, October 23rd. Citigroup set a $28.00 price target on shares of General Electric and gave the company a “buy” rating in a report on Monday, October 23rd. Bank of America upgraded shares of General Electric from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Monday, October 23rd. Finally, Morgan Stanley lowered shares of General Electric from an “equal weight” rating to an “underweight” rating and set a $22.00 price target on the stock. in a report on Monday, October 23rd. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $21.20.

In related news, Director Steven M. Mollenkopf purchased 5,500 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average price of $18.24 per share, for a total transaction of $100,320.00. Following the completion of the purchase, the director now owns 5,500 shares in the company, valued at $100,320. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman John Leonard Flannery purchased 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average price of $18.27 per share, with a total value of $1,096,200.00. Following the purchase, the chairman now owns 575,477 shares of the company’s stock, valued at approximately $10,513,964.79. The disclosure for this purchase can be found here. Insiders have bought 124,370 shares of company stock worth $2,245,570 in the last quarter. Insiders own 0.36% of the company’s stock.

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General Electric Company Profile

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

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

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