General Electric (NYSE:GE) Holdings Trimmed by Certuity LLC

Certuity LLC cut its holdings in shares of General Electric (NYSE:GE - Free Report) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 304,780 shares of the conglomerate's stock after selling 4,134 shares during the quarter. General Electric accounts for about 5.5% of Certuity LLC's portfolio, making the stock its 2nd largest holding. Certuity LLC's holdings in General Electric were worth $50,834,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of General Electric by 33.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,843 shares of the conglomerate's stock valued at $348,000 after purchasing an additional 466 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in General Electric during the third quarter worth $123,000. Fiduciary Alliance LLC acquired a new position in General Electric during the third quarter worth $240,000. Grove Bank & Trust raised its position in General Electric by 3.1% during the third quarter. Grove Bank & Trust now owns 3,382 shares of the conglomerate's stock worth $638,000 after acquiring an additional 103 shares during the period. Finally, Wesbanco Bank Inc. raised its position in General Electric by 6.4% during the third quarter. Wesbanco Bank Inc. now owns 60,935 shares of the conglomerate's stock worth $11,491,000 after acquiring an additional 3,643 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

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General Electric Trading Up 0.1 %

GE stock traded up $0.26 during mid-day trading on Friday, hitting $208.62. 4,267,083 shares of the company were exchanged, compared to its average volume of 6,009,583. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $223.91 billion, a P/E ratio of 34.83, a PEG ratio of 2.56 and a beta of 1.22. The business has a fifty day simple moving average of $182.66 and a 200-day simple moving average of $179.25. General Electric has a 12-month low of $117.43 and a 12-month high of $211.42.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, equities research analysts predict that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a $0.36 dividend. This is a boost from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.69%. General Electric's dividend payout ratio (DPR) is 18.70%.

Analyst Ratings Changes

A number of research firms have weighed in on GE. JPMorgan Chase & Co. upped their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Bank of America increased their target price on shares of General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. UBS Group increased their target price on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Finally, Northcoast Research initiated coverage on shares of General Electric in a research report on Tuesday, January 7th. They issued a "neutral" rating for the company. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, General Electric presently has a consensus rating of "Moderate Buy" and an average price target of $208.73.

Insiders Place Their Bets

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares of the company's stock, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.66% of the stock is owned by corporate insiders.

General Electric Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.