General Electric (NYSE:GE) Shares Bought by Hengehold Capital Management LLC

Hengehold Capital Management LLC raised its position in General Electric (NYSE:GE) by 13.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,703 shares of the conglomerate’s stock after acquiring an additional 3,139 shares during the quarter. Hengehold Capital Management LLC’s holdings in General Electric were worth $270,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Arbor Wealth Management LLC bought a new stake in shares of General Electric during the fourth quarter valued at approximately $30,000. Manchester Financial Inc. acquired a new stake in General Electric in the 2nd quarter valued at $30,000. SevenBridge Financial Group LLC boosted its stake in General Electric by 100.4% in the 4th quarter. SevenBridge Financial Group LLC now owns 4,193 shares of the conglomerate’s stock valued at $32,000 after buying an additional 2,101 shares in the last quarter. Executive Wealth Management LLC acquired a new stake in General Electric in the 4th quarter valued at $36,000. Finally, Lenox Wealth Advisors LLC boosted its stake in General Electric by 3,735.0% in the 2nd quarter. Lenox Wealth Advisors LLC now owns 3,835 shares of the conglomerate’s stock valued at $40,000 after buying an additional 3,735 shares in the last quarter. 57.85% of the stock is owned by institutional investors.

In other General Electric news, Director Edward P. Garden sold 3,370,314 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $9.53, for a total value of $32,119,092.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward P. Garden sold 1,289,538 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $10.02, for a total value of $12,921,170.76. Following the completion of the sale, the director now owns 25,000 shares of the company’s stock, valued at $250,500. The disclosure for this sale can be found here. Corporate insiders own 1.13% of the company’s stock.

GE has been the topic of a number of recent analyst reports. William Blair reissued a “buy” rating on shares of General Electric in a research note on Thursday, June 13th. Citigroup set a $14.00 price objective on General Electric and gave the stock a “buy” rating in a research note on Wednesday, June 19th. Zacks Investment Research lowered GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Deutsche Bank lowered Cogent Communications from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. set a $60.00 price objective on Bayerische Motoren Werke and gave the stock a “sell” rating in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. General Electric has an average rating of “Hold” and a consensus target price of $11.62.

Shares of GE traded up $0.08 during trading hours on Friday, hitting $10.51. 26,462,946 shares of the stock traded hands, compared to its average volume of 75,482,297. The company has a quick ratio of 1.50, a current ratio of 1.77 and a debt-to-equity ratio of 1.62. General Electric has a 1-year low of $6.66 and a 1-year high of $13.78. The stock has a market capitalization of $93.14 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 2.43 and a beta of 1.03. The firm has a fifty day simple moving average of $10.31.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 30th. The conglomerate reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $27.29 billion for the quarter, compared to analyst estimates of $27.31 billion. General Electric had a positive return on equity of 10.32% and a negative net margin of 14.65%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 earnings per share. As a group, equities research analysts expect that General Electric will post 0.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Monday, July 1st were issued a $0.01 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. General Electric’s dividend payout ratio is presently 6.15%.

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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