General Electric (NYSE:GE) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. lowered its stake in General Electric (NYSE:GEFree Report) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,030 shares of the conglomerate’s stock after selling 517 shares during the quarter. Scotia Capital Inc.’s holdings in General Electric were worth $1,994,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of GE. Global Wealth Management Investment Advisory Inc. increased its stake in General Electric by 808.1% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 299 shares in the last quarter. Financial Freedom LLC acquired a new stake in shares of General Electric during the 4th quarter valued at about $32,000. Macroview Investment Management LLC lifted its holdings in shares of General Electric by 43.4% during the 3rd quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate’s stock valued at $35,000 after buying an additional 96 shares during the last quarter. DHJJ Financial Advisors Ltd. acquired a new stake in shares of General Electric during the 3rd quarter valued at about $37,000. Finally, Worth Asset Management LLC acquired a new stake in shares of General Electric during the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 74.83% of the company’s stock.

Insider Activity

In other news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the sale, the senior vice president now directly owns 56,284 shares in the company, valued at $8,153,863.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the sale, the senior vice president now directly owns 56,284 shares in the company, valued at $8,153,863.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Michael J. Holston sold 13,601 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the sale, the senior vice president now owns 48,339 shares in the company, valued at $6,552,351.45. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GE. StockNews.com upgraded General Electric from a “hold” rating to a “buy” rating in a report on Thursday, February 1st. TheStreet upgraded General Electric from a “c+” rating to a “b+” rating in a report on Tuesday, January 23rd. JPMorgan Chase & Co. upgraded General Electric from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $166.00 to $180.00 in a report on Friday. Wells Fargo & Company boosted their target price on General Electric from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Finally, Barclays boosted their target price on General Electric from $153.00 to $181.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.71.

Get Our Latest Analysis on GE

General Electric Stock Up 0.9 %

Shares of GE stock opened at $167.96 on Friday. General Electric has a 12 month low of $86.45 and a 12 month high of $175.81. The firm has a market cap of $182.80 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.23 and a beta of 1.28. The stock has a 50 day moving average of $140.04 and a 200-day moving average of $123.94. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.69.

General Electric (NYSE:GEGet Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.13. The company had revenue of $19.42 billion during the quarter, compared to analyst estimates of $17.27 billion. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.24 earnings per share. On average, equities analysts predict that General Electric will post 4.53 EPS for the current year.

General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, December 28th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend was Wednesday, December 27th. General Electric’s dividend payout ratio is presently 3.82%.

General Electric Company Profile

(Free Report)

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.

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

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