Genesee Capital Advisors LLC Sells 131 Shares of General Electric (NYSE:GE)

Genesee Capital Advisors LLC cut its holdings in shares of General Electric (NYSE:GE) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,811 shares of the conglomerate’s stock after selling 131 shares during the period. Genesee Capital Advisors LLC’s holdings in General Electric were worth $802,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BSW Wealth Partners lifted its stake in shares of General Electric by 15.8% in the fourth quarter. BSW Wealth Partners now owns 3,042 shares of the conglomerate’s stock worth $507,000 after buying an additional 416 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in shares of General Electric by 8.9% during the 4th quarter. Perigon Wealth Management LLC now owns 15,014 shares of the conglomerate’s stock worth $2,699,000 after acquiring an additional 1,222 shares during the last quarter. VCI Wealth Management LLC grew its holdings in General Electric by 19.3% during the fourth quarter. VCI Wealth Management LLC now owns 10,474 shares of the conglomerate’s stock valued at $1,747,000 after purchasing an additional 1,698 shares during the period. Revolve Wealth Partners LLC raised its stake in General Electric by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the conglomerate’s stock worth $375,000 after acquiring an additional 150 shares during the period. Finally, Nilsine Partners LLC lifted its stake in shares of General Electric by 22.4% during the 4th quarter. Nilsine Partners LLC now owns 1,421 shares of the conglomerate’s stock valued at $237,000 after buying an additional 260 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the sale, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Russell Stokes sold 15,550 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $178.29, for a total value of $2,772,409.50. Following the transaction, the senior vice president now directly owns 148,857 shares in the company, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised their price objective on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. UBS Group increased their price target on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Citigroup boosted their price target on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a report on Monday. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. lifted their target price on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, General Electric presently has an average rating of “Moderate Buy” and an average target price of $208.73.

General Electric Stock Down 0.0 %

General Electric stock opened at $194.46 on Wednesday. The business has a 50 day simple moving average of $175.67 and a 200-day simple moving average of $175.38. General Electric has a 12 month low of $103.75 and a 12 month high of $207.65. The stock has a market capitalization of $210.46 billion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 1.53 and a beta of 1.19. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85.

General Electric (NYSE:GE) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. On average, analysts anticipate that General Electric will post 4.23 EPS for the current fiscal year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were given a $0.28 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.58%. General Electric’s dividend payout ratio (DPR) is presently 19.68%.

General Electric 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.