General Electric (NYSE:GE) Stock Holdings Lessened by Twin Capital Management Inc.

Twin Capital Management Inc. trimmed its stake in General Electric (NYSE:GE) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,949 shares of the conglomerate’s stock after selling 217 shares during the quarter. Twin Capital Management Inc.’s holdings in General Electric were worth $3,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Atlas Brown Inc. raised its position in General Electric by 1.0% during the fourth quarter. Atlas Brown Inc. now owns 8,322 shares of the conglomerate’s stock valued at $1,062,000 after acquiring an additional 85 shares in the last quarter. Capital Analysts LLC raised its position in General Electric by 55.8% during the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 87 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in General Electric by 9.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,027 shares of the conglomerate’s stock valued at $131,000 after acquiring an additional 91 shares in the last quarter. Ballast Advisors LLC raised its position in General Electric by 4.8% during the fourth quarter. Ballast Advisors LLC now owns 1,994 shares of the conglomerate’s stock valued at $254,000 after acquiring an additional 91 shares in the last quarter. Finally, King Wealth raised its position in General Electric by 3.2% during the third quarter. King Wealth now owns 2,988 shares of the conglomerate’s stock valued at $330,000 after acquiring an additional 92 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at General Electric

In related news, SVP Michael J. Holston sold 22,055 shares of the 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 transaction, the senior vice president now directly owns 56,284 shares in the company, valued at $8,153,863.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Michael J. Holston sold 22,055 shares of the 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 transaction, the senior vice president now directly owns 56,284 shares in the company, valued at $8,153,863.08. 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 13,601 shares of the company’s stock in a transaction that occurred 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 directly owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

General Electric Price Performance

Shares of NYSE GE traded down $0.98 during midday trading on Thursday, reaching $154.69. 2,591,977 shares of the company traded hands, compared to its average volume of 7,930,923. The firm has a market cap of $169.12 billion, a PE ratio of 18.75, a PEG ratio of 3.07 and a beta of 1.29. The stock’s 50-day simple moving average is $158.87 and its 200-day simple moving average is $133.96. General Electric has a 12 month low of $76.87 and a 12 month high of $158.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.13. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The business had revenue of $19.42 billion during the quarter, compared to analysts’ expectations of $17.27 billion. During the same period in the previous year, the business posted $1.24 earnings per share. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, equities analysts anticipate that General Electric will post 3.78 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, April 15th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, April 12th. This is an increase from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 dividend on an annualized basis and a yield of 0.72%. General Electric’s dividend payout ratio is presently 13.38%.

Wall Street Analyst Weigh In

GE has been the topic of several recent research reports. Barclays cut their price objective on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 3rd. Bank of America cut their price objective on shares of General Electric from $175.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. TheStreet raised shares of General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. lowered their price target on General Electric from $180.00 to $148.00 and set an “overweight” rating on the stock in a report on Tuesday, April 2nd. Finally, Oppenheimer reiterated a “market perform” rating on shares of General Electric in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $160.07.

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.