General Electric (NYSE:GE) Shares Sold by Strs Ohio

Strs Ohio lowered its position in shares of General Electric (NYSE:GE - Free Report) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 305,872 shares of the conglomerate's stock after selling 13,123 shares during the quarter. Strs Ohio's holdings in General Electric were worth $39,038,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Halpern Financial Inc. lifted its position in General Electric by 968.4% in the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate's stock valued at $25,000 after acquiring an additional 184 shares in the last quarter. CGC Financial Services LLC boosted its holdings in shares of 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 buying an additional 110 shares during the last quarter. Macroview Investment Management LLC grew its position 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 acquiring an additional 96 shares during the period. Fortis Group Advisors LLC purchased a new position in General Electric during the third quarter valued at $37,000. Finally, DHJJ Financial Advisors Ltd. bought a new position in shares of General Electric in the third quarter worth about $37,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of research analyst reports. TD Cowen raised General Electric from a "hold" rating to a "buy" rating and boosted their price target for the stock from $175.00 to $180.00 in a report on Tuesday, April 9th. Royal Bank of Canada reduced their target price on shares of General Electric from $180.00 to $160.00 and set an "outperform" rating on the stock in a research note on Thursday, April 4th. Jefferies Financial Group dropped their target price on General Electric from $195.00 to $180.00 and set a "buy" rating for the company in a research report on Wednesday, April 10th. JPMorgan Chase & Co. decreased their price target on General Electric from $180.00 to $148.00 and set an "overweight" rating for the company in a research note on Tuesday, April 2nd. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of General Electric in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the 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.

Insider Buying and Selling at General Electric

In other news, SVP Michael J. Holston sold 22,055 shares of General Electric 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 owns 56,284 shares of the company's stock, valued at approximately $8,153,863.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Michael J. Holston sold 22,055 shares of the firm's stock in a transaction on 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael J. Holston sold 13,601 shares of the company's stock in a transaction dated 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 transaction, the senior vice president now directly owns 48,339 shares in the company, valued at $6,552,351.45. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

General Electric Stock Down 0.6 %

Shares of NYSE:GE traded down $0.92 during trading hours on Monday, hitting $153.71. The company's stock had a trading volume of 6,419,194 shares, compared to its average volume of 8,053,736. The firm's fifty day moving average price is $158.14 and its 200 day moving average price is $133.49. General Electric has a 52 week low of $76.38 and a 52 week high of $158.68. The company has a market capitalization of $168.05 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 3.03 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.18 and a quick ratio of 0.85.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $17.27 billion. General Electric had a net margin of 13.95% and a return on equity of 10.88%. General Electric's revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.24 earnings per share. As a group, research analysts expect that General Electric will post 3.78 EPS for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors 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 represents a $1.12 dividend on an annualized basis and a yield of 0.73%. This is an increase from General Electric's previous quarterly dividend of $0.08. General Electric's dividend payout ratio (DPR) is presently 13.38%.

General Electric Company Profile

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.