Electron Capital Partners LLC Makes New Investment in General Motors Company $GM

Key Points

• Electron Capital Partners LLC has made a new investment in General Motors, acquiring 430,364 shares valued at approximately $20.24 million, which represents around 1.3% of its total holdings.
• General Motors plans to pay a $0.15 quarterly dividend on September 18th, which translates to an annualized dividend of $0.60 and a yield of 1.0%.
• Recent insider trading saw CEO Mary T. Barra selling 907,024 shares of General Motors, representing a 62.16% decrease in her position, highlighting a significant insider movement amidst fluctuations in stock ownership.

Electron Capital Partners LLC bought a new position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 430,364 shares of the auto manufacturer's stock, valued at approximately $20,240,000. General Motors makes up about 1.3% of Electron Capital Partners LLC's holdings, making the stock its 18th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Measured Risk Portfolios Inc. purchased a new stake in shares of General Motors during the fourth quarter valued at approximately $27,000. Costello Asset Management INC purchased a new stake in shares of General Motors during the first quarter valued at approximately $32,000. WPG Advisers LLC bought a new position in shares of General Motors during the first quarter valued at approximately $34,000. North Capital Inc. bought a new position in shares of General Motors during the first quarter valued at approximately $40,000. Finally, Banque Transatlantique SA bought a new position in shares of General Motors during the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Activity

In other General Motors news, EVP Rory Harvey sold 23,977 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the completion of the transaction, the executive vice president directly owned 8,513 shares of the company's stock, valued at approximately $451,274.13. This trade represents a 73.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mary T. Barra sold 907,024 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $58.24, for a total value of $52,825,077.76. Following the completion of the sale, the chief executive officer owned 552,238 shares of the company's stock, valued at $32,162,341.12. The trade was a 62.16% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,070,311 shares of company stock valued at $62,095,433. 0.54% of the stock is currently owned by insiders.

General Motors Stock Down 1.4%

Shares of NYSE:GM opened at $57.74 on Thursday. General Motors Company has a 52-week low of $41.60 and a 52-week high of $61.24. The business has a fifty day moving average of $54.11 and a two-hundred day moving average of $49.79. The stock has a market cap of $54.97 billion, a P/E ratio of 9.16, a PEG ratio of 1.24 and a beta of 1.32. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter in the prior year, the business posted $3.06 EPS. The business's revenue for the quarter was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, research analysts expect that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be paid a $0.15 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. General Motors's payout ratio is 9.52%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup increased their price objective on General Motors from $59.00 to $61.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Mizuho raised their target price on General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Barclays boosted their price objective on General Motors from $45.00 to $55.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. CLSA upgraded General Motors to a "moderate buy" rating in a research note on Monday, July 7th. Finally, Wells Fargo & Company raised their price target on General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $58.05.

About General Motors

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.

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