Green Square Capital LLC lowered its stake in shares of General Electric (NYSE:GE) by 20.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,726 shares of the conglomerate’s stock after selling 6,702 shares during the period. Green Square Capital LLC’s holdings in General Electric were worth $650,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. MPS Loria Financial Planners LLC acquired a new position in shares of General Electric in the 2nd quarter valued at about $113,000. Ffcm LLC acquired a new position in shares of General Electric in the 2nd quarter valued at about $114,000. Corbenic Partners LLC lifted its stake in shares of General Electric by 15.7% in the 2nd quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock valued at $144,000 after purchasing an additional 725 shares in the last quarter. Bristlecone Advisors LLC acquired a new position in shares of General Electric in the 3rd quarter valued at about $164,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of General Electric in the 3rd quarter valued at about $204,000. 56.42% of the stock is currently owned by institutional investors and hedge funds.
Shares of General Electric (NYSE:GE) opened at $14.43 on Wednesday. The company has a market capitalization of $125,290.00, a PE ratio of -48.10, a P/E/G ratio of 2.83 and a beta of 1.00. The company has a current ratio of 1.87, a quick ratio of 1.59 and a debt-to-equity ratio of 1.32. General Electric has a twelve month low of $13.95 and a twelve month high of $30.54.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, February 23rd. This represents a $0.48 annualized dividend and a dividend yield of 3.33%. General Electric’s payout ratio is currently -160.00%.
In related news, insider Alexander Dimitrief bought 2,689 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average cost of $16.16 per share, for a total transaction of $43,454.24. Following the acquisition, the insider now owns 81,185 shares in the company, valued at approximately $1,311,949.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.36% of the company’s stock.
Several equities analysts have recently weighed in on the company. TheStreet lowered General Electric from a “c” rating to a “d+” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $11.00 price objective (down from $14.00) on shares of General Electric in a research note on Tuesday. UBS Group set a $16.00 price objective on General Electric and gave the company a “neutral” rating in a research note on Wednesday, March 7th. Stifel Nicolaus reduced their price objective on General Electric from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, January 30th. Finally, Cowen reaffirmed a “market perform” rating and issued a $15.00 price objective (down from $17.00) on shares of General Electric in a research note on Monday, February 26th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.27.
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About General Electric
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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