Marino Stram & Associates LLC Acquires Shares of 1,673 General Electric (NYSE:GE)

Marino Stram & Associates LLC acquired a new stake in General Electric (NYSE:GE) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,673 shares of the conglomerate’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC raised its holdings in General Electric by 29.3% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 28,311 shares of the conglomerate’s stock valued at $3,613,000 after acquiring an additional 6,419 shares in the last quarter. Fifth Third Bancorp raised its holdings in General Electric by 12.5% in the 4th quarter. Fifth Third Bancorp now owns 261,187 shares of the conglomerate’s stock valued at $33,335,000 after acquiring an additional 28,985 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in General Electric by 10.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 109,332 shares of the conglomerate’s stock valued at $12,087,000 after acquiring an additional 10,722 shares in the last quarter. Hoey Investments Inc. raised its holdings in shares of General Electric by 51,152.3% during the 3rd quarter. Hoey Investments Inc. now owns 22,551 shares of the conglomerate’s stock worth $2,493,000 after buying an additional 22,507 shares in the last quarter. Finally, Qsemble Capital Management LP acquired a new position in shares of General Electric during the 3rd quarter worth $1,846,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Electric

In related news, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the sale, the senior vice president now owns 56,284 shares in the company, valued at approximately $8,153,863.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the sale, the senior vice president now owns 56,284 shares in the company, valued at approximately $8,153,863.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael J. Holston sold 13,601 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the sale, the senior vice president now owns 48,339 shares in the company, valued at approximately $6,552,351.45. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

General Electric Trading Up 2.0 %

NYSE GE opened at $156.76 on Wednesday. The business’s 50-day moving average price is $158.53 and its two-hundred day moving average price is $133.81. General Electric has a 12 month low of $76.38 and a 12 month high of $158.68. The firm has a market capitalization of $171.38 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 3.01 and a beta of 1.29. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.13. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The firm had revenue of $19.42 billion for the quarter, compared to analyst estimates of $17.27 billion. During the same quarter in the previous year, the company posted $1.24 EPS. The business’s revenue was up 15.4% on a year-over-year basis. On average, analysts expect that General Electric will post 3.78 EPS for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, April 15th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, April 12th. This is a positive change from General Electric’s previous quarterly dividend of $0.08. General Electric’s payout ratio is 13.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Royal Bank of Canada lowered their price target on General Electric from $180.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft lowered their price target on General Electric from $210.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, April 3rd. JPMorgan Chase & Co. lowered their price target on General Electric from $180.00 to $148.00 and set an “overweight” rating for the company in a report on Tuesday, April 2nd. Vertical Research assumed coverage on General Electric in a report on Thursday, April 4th. They set a “buy” rating and a $160.00 price target for the company. Finally, Oppenheimer reissued a “market perform” rating on shares of General Electric in a report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $160.07.

About General Electric

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.