Insider Selling: General Electric (NYSE:GE) SVP Sells 6,958 Shares of Stock

General Electric (NYSE:GE) SVP Amy L. Gowder sold 6,958 shares of General Electric stock in a transaction on Saturday, June 1st. The shares were sold at an average price of $162.71, for a total transaction of $1,132,136.18. Following the completion of the sale, the senior vice president now owns 9,433 shares of the company’s stock, valued at $1,534,843.43. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

General Electric Trading Down 1.1 %

GE stock traded down $1.91 on Thursday, reaching $178.85. The company’s stock had a trading volume of 4,794,353 shares, compared to its average volume of 6,297,571. The business has a fifty day simple moving average of $180.47 and a two-hundred day simple moving average of $169.59. General Electric has a 12-month low of $89.59 and a 12-month high of $194.80. The firm has a market cap of $193.57 billion, a PE ratio of 31.35, a PEG ratio of 1.70 and a beta of 1.19. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13.

General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The company had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same period last year, the company earned $0.82 EPS. General Electric’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, research analysts forecast that General Electric will post 4.22 EPS for the current year.

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.63%. The ex-dividend date was Thursday, September 26th. General Electric’s dividend payout ratio (DPR) is presently 19.68%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GE shares. Sanford C. Bernstein boosted their price target on shares of General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Melius Research increased their price target on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. StockNews.com cut shares of General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Citigroup increased their price target on shares of General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Royal Bank of Canada reduced their price target on shares of General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $200.93.

Institutional Investors Weigh In On General Electric

Several hedge funds have recently made changes to their positions in the company. Mackenzie Financial Corp lifted its stake in shares of General Electric by 10.5% during the 2nd quarter. Mackenzie Financial Corp now owns 603,988 shares of the conglomerate’s stock worth $96,016,000 after purchasing an additional 57,372 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of General Electric by 117.7% in the third quarter. Catalyst Capital Advisors LLC now owns 270 shares of the conglomerate’s stock valued at $51,000 after purchasing an additional 146 shares during the period. Marietta Investment Partners LLC acquired a new position in shares of General Electric in the second quarter valued at about $1,569,000. GAMMA Investing LLC grew its holdings in General Electric by 25.4% during the second quarter. GAMMA Investing LLC now owns 16,999 shares of the conglomerate’s stock worth $2,702,000 after acquiring an additional 3,442 shares during the period. Finally, Senator Investment Group LP acquired a new stake in General Electric during the second quarter worth about $34,973,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

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.