AMG National Trust Bank Has $1.43 Million Stake in General Electric (NYSE:GE)

AMG National Trust Bank lifted its stake in shares of General Electric (NYSE:GEGet Rating) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,101 shares of the conglomerate’s stock after purchasing an additional 547 shares during the quarter. AMG National Trust Bank’s holdings in General Electric were worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in GE. Utah Retirement Systems grew its stake in shares of General Electric by 0.3% in the 2nd 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 stake in General Electric by 17.2% in the second 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. raised its stake in General Electric by 25.8% in the third quarter. GHP Investment Advisors Inc. now owns 1,159 shares of the conglomerate’s stock valued at $72,000 after purchasing an additional 238 shares in the last quarter. Ballentine Partners LLC raised its stake in General Electric by 16.5% in the third quarter. Ballentine Partners LLC now owns 12,231 shares of the conglomerate’s stock valued at $757,000 after purchasing an additional 1,730 shares in the last quarter. Finally, Aspiriant LLC raised its stake in General Electric by 4.0% in the third quarter. Aspiriant LLC now owns 4,596 shares of the conglomerate’s stock valued at $284,000 after purchasing an additional 175 shares in the last quarter. 70.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of General Electric from $89.00 to $94.00 in a research report on Monday, December 5th. Barclays reduced their price target on shares of General Electric from $96.00 to $81.00 and set an “overweight” rating on the stock in a research report on Thursday, January 5th. StockNews.com upgraded shares of General Electric from a “hold” rating to a “buy” rating in a research report on Saturday, January 14th. Royal Bank of Canada increased their price target on shares of General Electric from $93.00 to $98.00 and gave the company an “outperform” rating in a research report on Friday, December 9th. Finally, Oppenheimer upgraded shares of General Electric from a “market perform” rating to an “outperform” rating and set a $104.00 price target on the stock in a research report on Tuesday, December 6th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.17.

General Electric Stock Up 2.7 %

Shares of General Electric stock opened at $79.77 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.78 and a current ratio of 1.10. General Electric has a 52-week low of $46.55 and a 52-week high of $81.18. The stock has a market capitalization of $87.16 billion, a price-to-earnings ratio of -14.42, a P/E/G ratio of 2.89 and a beta of 1.21. The company’s 50 day moving average price is $81.87 and its 200-day moving average price is $75.50.

General Electric (NYSE:GEGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The conglomerate reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.12). General Electric had a positive return on equity of 7.20% and a negative net margin of 7.78%. The business had revenue of $19.08 billion during the quarter, compared to analysts’ expectations of $18.77 billion. During the same period in the previous year, the business earned $0.57 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. Equities research analysts forecast that General Electric will post 2.51 EPS for the current year.

General Electric Dividend Announcement

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