Nicolet Bankshares Inc. lowered its stake in shares of General Electric Company (NYSE:GE) by 18.4% during the first quarter, Holdings Channel reports. The fund owned 61,922 shares of the conglomerate’s stock after selling 14,006 shares during the period. General Electric comprises about 1.0% of Nicolet Bankshares Inc.’s holdings, making the stock its 17th largest position. Nicolet Bankshares Inc.’s holdings in General Electric were worth $1,845,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GE. Jarislowsky Fraser Ltd boosted its stake in shares of General Electric by 5.5% in the fourth quarter. Jarislowsky Fraser Ltd now owns 4,075,563 shares of the conglomerate’s stock worth $128,787,000 after buying an additional 211,742 shares in the last quarter. Discovery Capital Management LLC CT bought a new stake in shares of General Electric during the fourth quarter worth approximately $29,719,000. Roundview Capital LLC boosted its stake in shares of General Electric by 2.0% in the fourth quarter. Roundview Capital LLC now owns 76,472 shares of the conglomerate’s stock worth $2,417,000 after buying an additional 1,515 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of General Electric during the fourth quarter worth approximately $2,092,000. Finally, Banco Santander S.A. bought a new stake in shares of General Electric during the fourth quarter worth approximately $13,259,000. 54.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of General Electric Company (GE) opened at 26.82 on Tuesday. The stock has a market capitalization of $232.90 billion, a price-to-earnings ratio of 27.31 and a beta of 1.22. The stock has a 50 day moving average price of $27.94 and a 200 day moving average price of $29.66. General Electric Company has a 1-year low of $25.85 and a 1-year high of $33.00.

General Electric (NYSE:GE) last issued its earnings results on Friday, April 21st. The conglomerate reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. General Electric had a net margin of 7.48% and a return on equity of 16.59%. The firm had revenue of $27.66 billion during the quarter, compared to analysts’ expectations of $26.37 billion. During the same quarter last year, the company posted $0.21 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. Equities research analysts anticipate that General Electric Company will post $1.62 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 25th. Investors of record on Monday, June 19th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 3.58%. General Electric’s dividend payout ratio (DPR) is presently 97.96%.

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A number of analysts have recently commented on the company. William Blair reissued a “buy” rating on shares of General Electric in a research report on Saturday, April 1st. Morgan Stanley reissued an “equal weight” rating and issued a $27.00 price target on shares of General Electric in a research report on Monday. Cowen and Company reissued a “hold” rating and issued a $27.00 price target on shares of General Electric in a research report on Monday. Vetr cut General Electric from a “buy” rating to a “hold” rating and set a $29.71 price target on the stock. in a research report on Monday, June 12th. Finally, Argus dropped their price target on General Electric from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, April 24th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. General Electric presently has a consensus rating of “Hold” and an average target price of $30.75.

In other General Electric news, Chairman Jeffrey R. Immelt bought 100,000 shares of General Electric stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average price of $28.07 per share, with a total value of $2,807,000.00. Following the completion of the acquisition, the chairman now directly owns 2,561,926 shares in the company, valued at approximately $71,913,262.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William G. Beattie bought 4,000 shares of General Electric stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average cost of $27.70 per share, with a total value of $110,800.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 140,000 shares of company stock valued at $3,964,600. 0.36% of the stock is currently owned by corporate insiders.

General Electric Company Profile

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

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