SFE Investment Counsel Cuts Holdings in General Electric (GE)

SFE Investment Counsel cut its holdings in shares of General Electric (NYSE:GE) by 42.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,823 shares of the conglomerate’s stock after selling 78,746 shares during the period. SFE Investment Counsel’s holdings in General Electric were worth $1,829,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in GE. Barrow Hanley Mewhinney & Strauss LLC lifted its position in General Electric by 4,215.4% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 54,124,364 shares of the conglomerate’s stock valued at $1,308,727,000 after purchasing an additional 52,870,164 shares during the period. Stifel Financial Corp raised its position in shares of General Electric by 5,359.6% in the 3rd quarter. Stifel Financial Corp now owns 7,785,153 shares of the conglomerate’s stock valued at $188,126,000 after acquiring an additional 7,642,557 shares during the period. Thornburg Investment Management Inc. raised its position in shares of General Electric by 217.0% in the 3rd quarter. Thornburg Investment Management Inc. now owns 7,449,780 shares of the conglomerate’s stock valued at $180,136,000 after acquiring an additional 5,099,442 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in shares of General Electric by 142.6% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 4,513,748 shares of the conglomerate’s stock valued at $109,142,000 after acquiring an additional 2,653,032 shares during the period. Finally, River Road Asset Management LLC acquired a new stake in shares of General Electric in the 3rd quarter valued at approximately $56,422,000. Institutional investors own 55.96% of the company’s stock.

A number of analysts recently weighed in on GE shares. JPMorgan Chase set a $11.00 price target on shares of General Electric and gave the company a “sell” rating in a research report on Friday, April 27th. TheStreet downgraded shares of General Electric from a “c” rating to a “d+” rating in a research report on Wednesday, January 24th. UBS started coverage on shares of General Electric in a research report on Tuesday, January 23rd. They issued a “neutral” rating and a $17.00 price target on the stock. DZ Bank reiterated a “sell” rating on shares of General Electric in a research report on Tuesday, April 3rd. Finally, Barclays started coverage on shares of General Electric in a research report on Thursday, February 15th. They issued an “equal weight” rating and a $16.00 price target on the stock. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $17.92.

In other news, major shareholder Electric Co General sold 3,883,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 24th. The shares were sold at an average price of $15.00, for a total transaction of $58,245,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.12% of the stock is owned by company insiders.

Shares of GE stock opened at $14.97 on Friday. The company has a market cap of $130.50 billion, a price-to-earnings ratio of 14.26, a P/E/G ratio of 2.92 and a beta of 1.02. General Electric has a 52 week low of $12.73 and a 52 week high of $29.47. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.48 and a current ratio of 1.76.

General Electric (NYSE:GE) last issued its quarterly earnings results on Friday, April 20th. The conglomerate reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.05. The company had revenue of $28.66 billion during the quarter, compared to analysts’ expectations of $27.26 billion. General Electric had a negative net margin of 6.16% and a positive return on equity of 11.22%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $0.14 EPS. analysts forecast that General Electric will post 0.96 EPS for the current year.

General Electric Profile

General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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