Guyasuta Investment Advisors Inc. Lowers Holdings in General Electric (NYSE:GE)

Guyasuta Investment Advisors Inc. decreased its stake in General Electric (NYSE:GE) by 1.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 16,849 shares of the conglomerate’s stock after selling 215 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in General Electric were worth $2,150,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Prime Capital Investment Advisors LLC boosted its position in General Electric by 29.3% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 28,311 shares of the conglomerate’s stock worth $3,613,000 after purchasing an additional 6,419 shares in the last quarter. Fifth Third Bancorp boosted its position in General Electric by 12.5% during the fourth quarter. Fifth Third Bancorp now owns 261,187 shares of the conglomerate’s stock worth $33,335,000 after purchasing an additional 28,985 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in General Electric by 10.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 109,332 shares of the conglomerate’s stock worth $12,087,000 after purchasing an additional 10,722 shares in the last quarter. Grandfield & Dodd LLC boosted its position in General Electric by 9.3% during the fourth quarter. Grandfield & Dodd LLC now owns 269,783 shares of the conglomerate’s stock worth $34,432,000 after purchasing an additional 22,998 shares in the last quarter. Finally, Qsemble Capital Management LP purchased a new position in General Electric during the third quarter worth approximately $1,846,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research analyst reports. Barclays reduced their target price on General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. Vertical Research initiated coverage on General Electric in a report on Thursday, April 4th. They set a “buy” rating and a $160.00 target price for the company. Bank of America increased their target price on General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Oppenheimer reissued a “market perform” rating on shares of General Electric in a report on Tuesday, March 5th. Finally, Argus increased their price target on General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, General Electric currently has an average rating of “Moderate Buy” and an average price target of $170.36.

General Electric Trading Up 1.4 %

Shares of GE traded up $2.23 during midday trading on Monday, hitting $164.58. 3,474,671 shares of the stock were exchanged, compared to its average volume of 8,055,423. General Electric has a 52-week low of $77.93 and a 52-week high of $166.07. The stock has a fifty day simple moving average of $160.72 and a 200 day simple moving average of $136.43. The firm has a market cap of $180.15 billion, a P/E ratio of 54.15, a P/E/G ratio of 2.90 and a beta of 1.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.82 and a current ratio of 1.17.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping the consensus estimate of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The business had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.25 billion. During the same period last year, the business posted $0.27 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. On average, research analysts anticipate that General Electric will post 3.93 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were issued a $0.28 dividend. The ex-dividend date was Friday, April 12th. This is a positive change from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. General Electric’s dividend payout ratio (DPR) is 36.72%.

Insider Activity at General Electric

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction dated 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other General Electric news, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction dated Friday, February 2nd. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value 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 $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

About General Electric

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.