Mathes Company Inc. decreased its stake in shares of General Electric (NYSE:GE) by 11.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 50,050 shares of the conglomerate’s stock after selling 6,550 shares during the quarter. Mathes Company Inc.’s holdings in General Electric were worth $379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in General Electric by 250.0% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 3,500 shares of the conglomerate’s stock valued at $26,000 after acquiring an additional 2,500 shares in the last quarter. Mackey Komara & Dankovich LLC purchased a new position in General Electric during the fourth quarter valued at $27,000. Edge Wealth Management LLC grew its stake in General Electric by 47.4% during the fourth quarter. Edge Wealth Management LLC now owns 4,045 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 1,300 shares in the last quarter. NuWave Investment Management LLC grew its stake in General Electric by 170.3% during the fourth quarter. NuWave Investment Management LLC now owns 6,016 shares of the conglomerate’s stock valued at $46,000 after acquiring an additional 3,790 shares in the last quarter. Finally, Orrstown Financial Services Inc. grew its stake in General Electric by 26.6% during the fourth quarter. Orrstown Financial Services Inc. now owns 7,139 shares of the conglomerate’s stock valued at $54,000 after acquiring an additional 1,500 shares in the last quarter. Institutional investors own 57.72% of the company’s stock.

In other General Electric news, insider Russell Stokes sold 49,904 shares of General Electric stock in a transaction on Monday, March 11th. The shares were sold at an average price of $9.93, for a total value of $495,546.72. Following the completion of the transaction, the insider now directly owns 265,986 shares of the company’s stock, valued at approximately $2,641,240.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.13% of the company’s stock.

Several equities analysts recently weighed in on the stock. ValuEngine raised shares of General Electric from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th. Zacks Investment Research cut shares of General Electric from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th. Royal Bank of Canada set a $12.00 target price on shares of General Electric and gave the company a “buy” rating in a research note on Monday, March 18th. Credit Suisse Group reaffirmed a “neutral” rating and set a $11.00 target price on shares of General Electric in a research note on Friday, March 8th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $6.00 target price on shares of General Electric in a research note on Wednesday, March 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.44.

Shares of NYSE:GE opened at $9.98 on Monday. General Electric has a 52 week low of $6.66 and a 52 week high of $15.59. The firm has a market capitalization of $86.65 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 4.44 and a beta of 0.99. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.81 and a quick ratio of 1.52.

General Electric (NYSE:GE) last issued its quarterly earnings data on Thursday, January 31st. The conglomerate reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). General Electric had a positive return on equity of 9.85% and a negative net margin of 18.38%. The business had revenue of $33.28 billion during the quarter, compared to analysts’ expectations of $32.01 billion. As a group, research analysts expect that General Electric will post 0.53 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, March 11th will be paid a $0.01 dividend. The ex-dividend date is Friday, March 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.40%. General Electric’s payout ratio is currently 6.15%.

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General Electric Company 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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