General Electric (NYSE:GE) Position Lowered by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its stake in shares of General Electric (NYSE:GEFree Report) by 8.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 344,986 shares of the conglomerate’s stock after selling 29,880 shares during the quarter. Mackenzie Financial Corp’s holdings in General Electric were worth $44,031,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Halpern Financial Inc. lifted its position in shares of General Electric by 968.4% during the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 184 shares during the last quarter. CGC Financial Services LLC lifted its holdings in General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 110 shares during the last quarter. Macroview Investment Management LLC lifted its holdings in General Electric by 43.4% in the third quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 96 shares during the last quarter. Fortis Group Advisors LLC bought a new position in General Electric in the third quarter worth about $37,000. Finally, Global Wealth Management Investment Advisory Inc. lifted its holdings in General Electric by 808.1% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 299 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

GE has been the topic of a number of recent research reports. TheStreet raised shares of General Electric from a “c+” rating to a “b+” rating in a report on Tuesday, January 23rd. The Goldman Sachs Group started coverage on General Electric in a report on Tuesday, April 9th. They set a “buy” rating and a $190.00 price target on the stock. TD Cowen raised General Electric from a “hold” rating to a “buy” rating and lifted their price target for the company from $175.00 to $180.00 in a report on Tuesday, April 9th. Jefferies Financial Group cut their price target on General Electric from $195.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of General Electric in a report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $160.07.

Get Our Latest Stock Analysis on General Electric

Insiders Place Their Bets

In related news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the transaction, the senior vice president now owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other General Electric news, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the completion of the sale, the senior vice president now owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction on Wednesday, February 14th. The shares were 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 of the company’s stock, valued at approximately $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

General Electric Trading Up 2.0 %

General Electric stock opened at $156.76 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18. The firm has a market cap of $171.38 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 3.01 and a beta of 1.29. General Electric has a 1 year low of $76.38 and a 1 year high of $158.68. The firm’s 50 day moving average price is $158.53 and its two-hundred day moving average price is $133.81.

General Electric (NYSE:GEGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.13. The firm had revenue of $19.42 billion for the quarter, compared to analyst estimates of $17.27 billion. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 earnings per share. On average, research analysts predict that General Electric will post 3.78 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, April 15th will be given a $0.28 dividend. This is a positive change from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, April 12th. This represents a $1.12 annualized dividend and a yield of 0.71%. General Electric’s payout ratio is 13.38%.

General Electric 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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