BluePath Capital Management LLC Acquires 87 Shares of General Electric (NYSE:GE)

BluePath Capital Management LLC boosted its holdings in General Electric (NYSE:GE) by 6.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,373 shares of the conglomerate’s stock after acquiring an additional 87 shares during the quarter. BluePath Capital Management LLC’s holdings in General Electric were worth $259,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GE. Studio Investment Management LLC increased its stake in General Electric by 97.5% in the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock valued at $25,000 after buying an additional 78 shares during the last quarter. Toth Financial Advisory Corp purchased a new stake in General Electric in the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new stake in General Electric in the 3rd quarter valued at about $27,000. MFA Wealth Advisors LLC purchased a new stake in General Electric in the 2nd quarter valued at about $31,000. Finally, Financial Connections Group Inc. purchased a new stake in General Electric in the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Stock Down 0.0 %

Shares of NYSE:GE opened at $171.70 on Friday. General Electric has a one year low of $85.89 and a one year high of $194.80. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. The company has a market cap of $185.83 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 1.72 and a beta of 1.18. The firm has a fifty day moving average price of $180.20 and a two-hundred day moving average price of $169.01.

General Electric (NYSE:GE) last posted its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 earnings per share. Analysts anticipate that General Electric will post 4.22 EPS for the current fiscal year.

General Electric Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Thursday, September 26th. General Electric’s payout ratio is 19.68%.

Analyst Ratings Changes

Several brokerages have recently issued reports on GE. Melius Research raised their price target on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Wells Fargo & Company raised their price target on shares of General Electric from $205.00 to $210.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. StockNews.com lowered shares of General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Sanford C. Bernstein raised their price target on shares of General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, UBS Group raised their price target on shares of General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $200.93.

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.