Lakeview Capital Partners LLC Has $1.12 Million Stake in General Electric (GE)

Lakeview Capital Partners LLC trimmed its position in General Electric (NYSE:GE) by 25.9% in the third quarter, Holdings Channel reports. The institutional investor owned 46,179 shares of the conglomerate’s stock after selling 16,116 shares during the period. General Electric makes up about 0.9% of Lakeview Capital Partners LLC’s holdings, making the stock its 28th largest holding. Lakeview Capital Partners LLC’s holdings in General Electric were worth $1,117,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of GE. Peak Financial Management Inc. increased its holdings in General Electric by 0.3% in the 2nd 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. Puplava Financial Services Inc. increased its holdings in General Electric by 0.4% in the 2nd quarter. Puplava Financial Services Inc. now owns 11,209 shares of the conglomerate’s stock valued at $303,000 after buying an additional 41 shares during the period. Cutter & CO Brokerage Inc. increased its holdings in General Electric by 0.3% in the 2nd 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. Northwest Wealth Management LLC increased its holdings in General Electric by 0.8% in the 2nd quarter. Northwest Wealth Management LLC now owns 9,392 shares of the conglomerate’s stock valued at $254,000 after buying an additional 75 shares during the period. Finally, NorthRock Partners LLC increased its holdings in General Electric by 0.9% in the 2nd 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. Institutional investors and hedge funds own 55.63% of the company’s stock.

Shares of General Electric (NYSE:GE) opened at $18.93 on Thursday. General Electric has a fifty-two week low of $17.25 and a fifty-two week high of $31.52. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 1.14. The company has a market cap of $164,080.00, a PE ratio of 22.01, a price-to-earnings-growth ratio of 2.05 and a beta of 1.07.

General Electric (NYSE:GE) last released its earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The business had revenue of $33.47 billion for the quarter, compared to analyst estimates of $32.51 billion. During the same quarter in the previous year, the company posted $0.32 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. equities analysts forecast that General Electric will post 1.07 earnings per share for the current year.

The firm also recently announced 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 is Tuesday, December 26th. This represents a $0.48 dividend on an annualized basis and a yield of 2.54%. General Electric’s payout ratio is presently 55.81%.

In other General Electric news, Chairman John Leonard Flannery bought 60,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were bought at an average cost of $18.27 per share, for a total transaction of $1,096,200.00. Following the transaction, the chairman now owns 575,477 shares in the company, valued at approximately $10,513,964.79. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Francisco Dsouza bought 55,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were acquired at an average price of $17.94 per share, for a total transaction of $986,700.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 120,500 shares of company stock worth $2,183,220. Corporate insiders own 0.36% of the company’s stock.

Several brokerages have issued reports on GE. Vetr lowered shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 price target on the stock. in a report on Wednesday. Morgan Stanley lowered shares of General Electric from an “equal weight” rating to an “underweight” rating and set a $22.00 target price on the stock. in a report on Monday, October 23rd. Stifel Nicolaus lowered shares of General Electric from a “buy” rating to a “hold” rating and lowered their target price for the stock from $26.00 to $22.00 in a report on Tuesday, October 24th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of General Electric in a report on Thursday, September 21st. Finally, Argus lowered their target price on shares of General Electric from $30.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, September 18th. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. General Electric currently has an average rating of “Hold” and a consensus price target of $23.19.

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About General Electric

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

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