General Electric (NYSE:GE) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in shares of General Electric (NYSE:GE - Free Report) by 7.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 696,404 shares of the conglomerate's stock after buying an additional 48,298 shares during the period. Natixis Advisors LLC owned approximately 0.06% of General Electric worth $131,328,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Tsfg LLC grew its position in shares of General Electric by 12.8% during the 3rd quarter. Tsfg LLC now owns 485 shares of the conglomerate's stock valued at $92,000 after acquiring an additional 55 shares during the period. Macroview Investment Management LLC grew its holdings in General Electric by 37.9% in the second quarter. Macroview Investment Management LLC now owns 211 shares of the conglomerate's stock valued at $34,000 after purchasing an additional 58 shares during the period. Strategic Advisors LLC increased its position in shares of General Electric by 2.6% in the third quarter. Strategic Advisors LLC now owns 2,267 shares of the conglomerate's stock valued at $428,000 after buying an additional 58 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its position in shares of General Electric by 1.0% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,299 shares of the conglomerate's stock valued at $1,188,000 after buying an additional 60 shares in the last quarter. Finally, Allegheny Financial Group LTD increased its holdings in General Electric by 1.4% in the 2nd quarter. Allegheny Financial Group LTD now owns 4,489 shares of the conglomerate's stock worth $714,000 after acquiring an additional 61 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GE shares. Bank of America boosted their target price on shares of General Electric from $180.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Melius Research increased their price objective on General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of General Electric from $212.00 to $235.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Citigroup raised their price target on shares of General Electric from $198.00 to $216.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company increased their price objective on shares of General Electric from $205.00 to $210.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $200.93.

General Electric Stock Down 0.8 %

Shares of GE traded down $1.47 during midday trading on Friday, hitting $176.93. The company had a trading volume of 5,302,109 shares, compared to its average volume of 6,243,640. The company's 50-day simple moving average is $182.29 and its 200-day simple moving average is $170.57. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. General Electric has a 1 year low of $93.05 and a 1 year high of $194.80. The firm has a market capitalization of $191.49 billion, a P/E ratio of 31.09, a P/E/G ratio of 1.81 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $9.84 billion for the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 EPS. As a group, sell-side analysts expect that General Electric will post 4.22 EPS for the current year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Thursday, September 26th. General Electric's dividend payout ratio (DPR) is 19.68%.

Insider Transactions at General Electric

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the sale, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.66% of the company's stock.

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.