General Electric Company (NYSE:GE) Position Maintained by Stone Run Capital LLC
Stone Run Capital LLC continued to hold its stake in General Electric Company (NYSE:GE) during the first quarter, Holdings Channel reports. The institutional investor owned 26,555 shares of the conglomerate’s stock at the end of the first quarter. Stone Run Capital LLC’s holdings in General Electric were worth $791,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the company. Bristol Advisors LLC bought a new stake in General Electric during the fourth quarter valued at about $4,449,000. Chilton Capital Management LLC boosted its stake in General Electric by 24.9% in the fourth quarter. Chilton Capital Management LLC now owns 522,614 shares of the conglomerate’s stock valued at $16,515,000 after buying an additional 104,099 shares in the last quarter. Parallel Advisors LLC bought a new stake in General Electric during the fourth quarter valued at about $3,416,000. Tyers Asset Management LLC bought a new stake in General Electric during the fourth quarter valued at about $2,007,000. Finally, Envestnet Asset Management Inc. boosted its stake in General Electric by 2.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 703,750 shares of the conglomerate’s stock valued at $22,229,000 after buying an additional 15,256 shares in the last quarter. 54.29% of the stock is currently owned by institutional investors.
General Electric Company (NYSE:GE) traded down 0.82% during mid-day trading on Thursday, hitting $25.50. 6,061,526 shares of the stock were exchanged. The company has a 50 day moving average price of $26.42 and a 200 day moving average price of $28.58. The stock has a market cap of $220.78 billion, a price-to-earnings ratio of 31.06 and a beta of 1.21. General Electric Company has a 52 week low of $25.26 and a 52 week high of $32.38.
General Electric (NYSE:GE) last issued its quarterly earnings results on Friday, July 21st. The conglomerate reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. General Electric had a return on equity of 14.59% and a net margin of 6.45%. The company had revenue of $29.56 billion during the quarter, compared to analyst estimates of $29.07 billion. During the same period in the previous year, the company earned $0.51 earnings per share. The company’s quarterly revenue was down 11.8% compared to the same quarter last year. Analysts expect that General Electric Company will post $1.57 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Monday, June 19th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.73%. General Electric’s dividend payout ratio (DPR) is presently 118.52%.
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GE has been the topic of several research analyst reports. Deutsche Bank AG set a $24.00 target price on shares of General Electric and gave the stock a “sell” rating in a research report on Saturday, May 20th. Vetr cut shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $30.48 target price on the stock. in a research report on Tuesday, July 4th. Morgan Stanley reissued an “equal weight” rating and issued a $26.00 target price (down from $27.00) on shares of General Electric in a research report on Monday, July 24th. Stifel Nicolaus raised their target price on shares of General Electric from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Finally, Royal Bank Of Canada decreased their target price on shares of General Electric from $36.00 to $35.00 and set an “outperform” 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 issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $30.08.
In other news, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $25.65, for a total transaction of $633,375.45. Following the completion of the transaction, the insider now directly owns 175,717 shares in the company, valued at $4,507,141.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William G. Beattie purchased 16,000 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were acquired at an average price of $28.05 per share, with a total value of $448,800.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 253,253 shares of company stock valued at $6,770,864. Corporate insiders own 0.36% of the company’s stock.
General Electric Company Profile
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