Tidal Investments LLC Has $12.67 Million Holdings in General Electric (NYSE:GE)

Tidal Investments LLC boosted its holdings in shares of General Electric (NYSE:GE - Free Report) by 33.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,199 shares of the conglomerate's stock after buying an additional 16,760 shares during the quarter. Tidal Investments LLC's holdings in General Electric were worth $12,672,000 at the end of the most recent quarter.

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

General Electric Price Performance

Shares of NYSE:GE traded up $1.03 on Friday, hitting $165.86. The stock had a trading volume of 2,844,193 shares, compared to its average volume of 6,121,927. The company has a market capitalization of $179.51 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 1.66 and a beta of 1.17. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. The firm's 50 day moving average price is $180.72 and its 200-day moving average price is $172.42. General Electric has a twelve month low of $95.92 and a twelve month high of $194.80.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The firm had revenue of $9.84 billion for the quarter, compared to analysts' expectations of $9.02 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. The company's quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts predict that General Electric will post 4.24 earnings per share for the current year.

Insider Activity at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the business'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 value of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. The trade was a 9.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the transaction, the senior vice president now owns 13,289 shares in the company, valued at $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.66% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Bank of America increased their price objective on General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Royal Bank of Canada reduced their price target on shares of General Electric from $210.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Sanford C. Bernstein boosted their price objective on shares of General Electric from $201.00 to $225.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. UBS Group increased their target price on shares of General Electric from $223.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their price target on General Electric from $210.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $201.93.

General Electric Company 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.