Kintegral Advisory LLC Purchases Shares of 2,486 General Electric (NYSE:GE)

Kintegral Advisory LLC purchased a new position in General Electric (NYSE:GE - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,486 shares of the conglomerate's stock, valued at approximately $395,000.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in General Electric by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 88,444,222 shares of the conglomerate's stock valued at $11,288,136,000 after purchasing an additional 550,996 shares during the period. Capital International Investors grew its stake in General Electric by 9.9% during the 1st quarter. Capital International Investors now owns 59,100,643 shares of the conglomerate's stock worth $10,373,936,000 after purchasing an additional 5,309,543 shares in the last quarter. Capital World Investors boosted its position in shares of General Electric by 2,818.1% during the 1st quarter. Capital World Investors now owns 12,749,560 shares of the conglomerate's stock worth $2,237,930,000 after acquiring an additional 12,312,648 shares in the last quarter. Norges Bank acquired a new stake in General Electric during the 4th quarter valued at $1,193,159,000. Finally, Canada Pension Plan Investment Board increased its stake in General Electric by 221.6% in the first quarter. Canada Pension Plan Investment Board now owns 7,121,741 shares of the conglomerate's stock valued at $1,250,079,000 after purchasing an additional 4,907,530 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

General Electric Stock Up 0.5 %

GE stock traded up $0.88 during midday trading on Wednesday, hitting $171.87. The company's stock had a trading volume of 4,577,075 shares, compared to its average volume of 6,780,737. The stock has a market capitalization of $188.13 billion, a P/E ratio of 56.35, a PEG ratio of 1.70 and a beta of 1.21. The company's fifty day moving average price is $164.67 and its 200 day moving average price is $162.13. General Electric has a twelve month low of $84.42 and a twelve month high of $177.20. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.14 and a quick ratio of 0.85.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.21. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The firm had revenue of $9.09 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. The business's revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities research analysts predict that General Electric will post 4.15 EPS for the current year.

General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.65%. The ex-dividend date was Thursday, July 11th. General Electric's dividend payout ratio is presently 36.72%.

Analyst Upgrades and Downgrades

GE has been the topic of a number of research reports. Jefferies Financial Group increased their price target on General Electric from $185.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, June 28th. StockNews.com lowered shares of General Electric from a "buy" rating to a "hold" rating in a report on Monday, July 29th. Wells Fargo & Company boosted their price target on shares of General Electric from $192.00 to $205.00 and gave the company an "overweight" rating in a report on Wednesday, July 24th. UBS Group upped their target price on shares of General Electric from $201.00 to $209.00 and gave the company a "buy" rating in a report on Monday, July 1st. Finally, Royal Bank of Canada increased their target price on shares of General Electric from $175.00 to $190.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, General Electric has an average rating of "Moderate Buy" and a consensus price target of $190.38.

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.

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