Stratos Wealth Partners LTD. lessened its stake in shares of General Electric (NYSE:GE) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,515 shares of the conglomerate’s stock after selling 2,554 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in General Electric were worth $1,178,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in General Electric by 3,523.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 10,869,912 shares of the conglomerate’s stock valued at $86,307,000 after acquiring an additional 10,569,912 shares in the last quarter. Bessemer Group Inc. raised its holdings in General Electric by 5,507.1% in the first quarter. Bessemer Group Inc. now owns 8,158,819 shares of the conglomerate’s stock valued at $64,780,000 after acquiring an additional 8,013,311 shares in the last quarter. Geode Capital Management LLC raised its holdings in General Electric by 6.1% in the first quarter. Geode Capital Management LLC now owns 127,442,619 shares of the conglomerate’s stock valued at $1,009,780,000 after acquiring an additional 7,346,879 shares in the last quarter. Swiss National Bank raised its holdings in General Electric by 23.2% in the first quarter. Swiss National Bank now owns 33,896,424 shares of the conglomerate’s stock valued at $269,138,000 after acquiring an additional 6,378,000 shares in the last quarter. Finally, APG Asset Management N.V. raised its holdings in General Electric by 49.1% in the first quarter. APG Asset Management N.V. now owns 12,543,136 shares of the conglomerate’s stock valued at $99,592,000 after acquiring an additional 4,128,838 shares in the last quarter. 61.93% of the stock is owned by institutional investors.

Shares of GE opened at $6.07 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.69 and a debt-to-equity ratio of 2.05. The firm has a market cap of $54.76 billion, a PE ratio of 24.08 and a beta of 0.95. The company’s 50 day simple moving average is $6.90 and its 200-day simple moving average is $8.33. General Electric has a 12-month low of $5.48 and a 12-month high of $13.26.

General Electric (NYSE:GE) last posted its quarterly earnings data on Wednesday, July 29th. The conglomerate reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). General Electric had a negative net margin of 5.10% and a positive return on equity of 7.94%. The firm had revenue of $17.75 billion during the quarter, compared to analysts’ expectations of $17.27 billion. During the same quarter last year, the business earned $0.17 earnings per share. The business’s quarterly revenue was down 38.4% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, June 29th were given a $0.01 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.04 dividend on an annualized basis and a yield of 0.66%. General Electric’s dividend payout ratio (DPR) is 6.15%.

Several brokerages recently weighed in on GE. TheStreet raised shares of General Electric from a “d+” rating to a “c-” rating in a report on Tuesday, June 9th. Deutsche Bank dropped their price target on shares of General Electric from $6.51 to $6.25 and set a “hold” rating on the stock in a research note on Thursday. Citigroup dropped their price target on shares of General Electric from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Oppenheimer reiterated a “hold” rating on shares of General Electric in a research note on Friday, May 8th. Finally, Credit Suisse Group dropped their price target on shares of General Electric from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. General Electric has a consensus rating of “Hold” and an average target price of $9.02.

General Electric Profile

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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