Twin Focus Capital Partners LLC purchased a new stake in General Electric (NYSE:GE) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 39,249 shares of the conglomerate’s stock, valued at approximately $534,000.
Several other institutional investors have also recently modified their holdings of GE. HC Financial Advisors Inc. purchased a new stake in shares of General Electric in the 4th quarter valued at $281,000. KCS Wealth Advisory boosted its holdings in shares of General Electric by 58.3% in the 1st quarter. KCS Wealth Advisory now owns 16,606 shares of the conglomerate’s stock valued at $224,000 after acquiring an additional 6,113 shares during the last quarter. Quantitative Systematic Strategies LLC boosted its holdings in shares of General Electric by 147.1% in the 1st quarter. Quantitative Systematic Strategies LLC now owns 47,104 shares of the conglomerate’s stock valued at $635,000 after acquiring an additional 28,040 shares during the last quarter. Becker Capital Management Inc. boosted its holdings in shares of General Electric by 5.1% in the 1st quarter. Becker Capital Management Inc. now owns 2,639,825 shares of the conglomerate’s stock valued at $35,585,000 after acquiring an additional 128,000 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of General Electric by 1.8% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,537,318 shares of the conglomerate’s stock valued at $34,203,000 after acquiring an additional 46,001 shares during the last quarter. Institutional investors own 53.81% of the company’s stock.
Shares of NYSE GE opened at $9.42 on Wednesday. General Electric has a 1 year low of $9.06 and a 1 year high of $20.75. The firm has a market cap of $80.66 billion, a P/E ratio of 8.97, a PEG ratio of 2.40 and a beta of 0.95. The company has a current ratio of 1.66, a quick ratio of 1.36 and a debt-to-equity ratio of 2.03.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 25th. Investors of record on Monday, September 17th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date of this dividend was Friday, September 14th. General Electric’s dividend payout ratio (DPR) is presently 45.71%.
GE has been the topic of several recent research reports. Royal Bank of Canada set a $15.00 price objective on shares of General Electric and gave the company a “neutral” rating in a report on Wednesday, July 11th. MED raised shares of General Electric from a “sell” rating to a “hold” rating and set a $15.00 price objective on the stock in a report on Thursday, July 12th. Deutsche Bank set a $15.00 price objective on shares of General Electric and gave the company a “hold” rating in a report on Thursday, July 12th. JPMorgan Chase & Co. reaffirmed a “sell” rating and issued a $11.00 price objective on shares of General Electric in a report on Monday, July 16th. Finally, Gabelli reaffirmed a “buy” rating on shares of General Electric in a report on Wednesday, July 18th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. General Electric presently has a consensus rating of “Hold” and a consensus target price of $14.94.
In other news, SVP Alexander Dimitrief purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were purchased at an average cost of $9.48 per share, with a total value of $94,800.00. Following the completion of the acquisition, the senior vice president now owns 103,075 shares of the company’s stock, valued at approximately $977,151. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman H Lawrence Culp, Jr. acquired 225,000 shares of General Electric stock in a transaction on Thursday, November 1st. The shares were bought at an average price of $9.73 per share, with a total value of $2,189,250.00. The disclosure for this purchase can be found here. Corporate insiders own 1.12% of the company’s stock.
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.
Recommended Story: Diversification in Your Portfolio
Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric (NYSE:GE).
Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.