Kieckhefer Group LLC purchased a new stake in shares of General Electric (NYSE:GE – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 300 shares of the conglomerate’s stock, valued at approximately $50,000.
Several other institutional investors also recently bought and sold shares of GE. Tsfg LLC boosted its position in General Electric by 12.8% in the third quarter. Tsfg LLC now owns 485 shares of the conglomerate’s stock worth $92,000 after purchasing an additional 55 shares during the last quarter. Strategic Advisors LLC boosted its stake in General Electric by 2.6% during the third quarter. Strategic Advisors LLC now owns 2,267 shares of the conglomerate’s stock valued at $428,000 after buying an additional 58 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its position in shares of General Electric by 1.0% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,299 shares of the conglomerate’s stock valued at $1,188,000 after buying an additional 60 shares in the last quarter. Meridian Management Co. increased its position in shares of General Electric by 1.2% during the 3rd quarter. Meridian Management Co. now owns 5,153 shares of the conglomerate’s stock valued at $972,000 after purchasing an additional 61 shares during the last quarter. Finally, Mayflower Financial Advisors LLC boosted its stake in shares of General Electric by 3.0% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 2,115 shares of the conglomerate’s stock worth $399,000 after purchasing an additional 62 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at General Electric
In other news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now directly owns 148,857 shares in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 13,289 shares in the company, valued at approximately $2,407,036.57. This represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
General Electric Stock Down 0.6 %
Shares of GE stock traded down $0.95 on Monday, hitting $170.74. The company’s stock had a trading volume of 1,735,942 shares, compared to its average volume of 4,409,486. The firm’s fifty day moving average price is $174.34 and its 200-day moving average price is $173.54. 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 has a fifty-two week low of $100.95 and a fifty-two week high of $194.80. The stock has a market capitalization of $184.79 billion, a price-to-earnings ratio of 30.01, a P/E/G ratio of 1.63 and a beta of 1.19.
General Electric (NYSE:GE – Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same period in the previous year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. Research analysts anticipate that General Electric will post 4.24 EPS for the current year.
General Electric Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.66%. General Electric’s dividend payout ratio (DPR) is presently 19.68%.
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.
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