Alpha Cubed Investments LLC Reduces Stock Holdings in General Electric (NYSE:GE)

Alpha Cubed Investments LLC lessened its stake in General Electric (NYSE:GEGet Rating) by 48.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,271 shares of the conglomerate’s stock after selling 3,052 shares during the quarter. Alpha Cubed Investments LLC’s holdings in General Electric were worth $203,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GE. Utah Retirement Systems lifted its stake in shares of General Electric by 0.3% in the second quarter. Utah Retirement Systems now owns 195,399 shares of the conglomerate’s stock worth $12,441,000 after acquiring an additional 500 shares in the last quarter. PFS Investments Inc. raised its position in shares of General Electric by 17.2% in the 2nd quarter. PFS Investments Inc. now owns 3,571 shares of the conglomerate’s stock valued at $227,000 after purchasing an additional 523 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of General Electric by 25.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 1,159 shares of the conglomerate’s stock valued at $72,000 after buying an additional 238 shares during the last quarter. Ballentine Partners LLC grew its position in shares of General Electric by 16.5% during the third quarter. Ballentine Partners LLC now owns 12,231 shares of the conglomerate’s stock worth $757,000 after buying an additional 1,730 shares in the last quarter. Finally, Aspiriant LLC increased its stake in shares of General Electric by 4.0% in the third quarter. Aspiriant LLC now owns 4,596 shares of the conglomerate’s stock worth $284,000 after buying an additional 175 shares during the last quarter. Institutional investors and hedge funds own 70.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of General Electric from $89.00 to $94.00 in a report on Monday, December 5th. Morgan Stanley lowered their price objective on General Electric from $88.00 to $85.00 and set an “overweight” rating for the company in a report on Monday. UBS Group cut their price objective on General Electric from $98.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, January 12th. Bank of America decreased their target price on General Electric from $105.00 to $85.00 in a research report on Monday, January 9th. Finally, StockNews.com raised General Electric from a “hold” rating to a “buy” rating in a research report on Saturday, January 14th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, General Electric presently has an average rating of “Moderate Buy” and a consensus price target of $90.17.

General Electric Price Performance

Shares of NYSE GE opened at $79.77 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.10 and a quick ratio of 0.78. The firm has a market capitalization of $87.16 billion, a PE ratio of -14.42, a P/E/G ratio of 2.89 and a beta of 1.21. General Electric has a 1-year low of $46.55 and a 1-year high of $81.18. The business’s fifty day moving average price is $81.87 and its two-hundred day moving average price is $75.50.

General Electric (NYSE:GEGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The conglomerate reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.12). The firm had revenue of $19.08 billion during the quarter, compared to analyst estimates of $18.77 billion. General Electric had a positive return on equity of 7.20% and a negative net margin of 7.78%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $0.57 EPS. On average, research analysts expect that General Electric will post 2.51 EPS for the current year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Thursday, December 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, December 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. General Electric’s dividend payout ratio (DPR) is presently -5.79%.

General Electric Profile

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General Electric Co is a high-tech industrial company. the firm operates through the following segments: Aviation, Healthcare, Renewable Energy, and Power. The Aviation segment designs and produces commercial and military aircraft engines, integrated engine components, electric power and mechanical aircraft systems.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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