Tilt Investment Management Holdings PBC Reduces Stake in General Electric (NYSE:GE)

Tilt Investment Management Holdings PBC lessened its holdings in shares of General Electric (NYSE:GE) by 67.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,354 shares of the conglomerate’s stock after selling 8,850 shares during the period. Tilt Investment Management Holdings PBC’s holdings in General Electric were worth $556,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GE. Moneta Group Investment Advisors LLC grew its holdings in shares of General Electric by 122,242.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,438,063 shares of the conglomerate’s stock worth $878,644,000 after purchasing an additional 13,427,079 shares during the last quarter. Norges Bank acquired a new stake in shares of General Electric in the 4th quarter valued at about $635,274,000. State Street Corp grew its stake in General Electric by 17.3% during the 1st quarter. State Street Corp now owns 48,490,012 shares of the conglomerate’s stock worth $4,639,533,000 after buying an additional 7,157,356 shares during the last quarter. WCM Investment Management LLC acquired a new position in General Electric during the fourth quarter worth approximately $520,488,000. Finally, Brown Advisory Inc. lifted its stake in General Electric by 265.7% in the third quarter. Brown Advisory Inc. now owns 3,008,425 shares of the conglomerate’s stock valued at $332,581,000 after buying an additional 2,185,793 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Price Performance

GE stock traded down $1.75 on Thursday, reaching $153.92. 3,779,017 shares of the company’s stock were exchanged, compared to its average volume of 7,950,624. The stock has a fifty day moving average of $158.87 and a 200-day moving average of $133.96. The firm has a market cap of $168.28 billion, a PE ratio of 18.42, a P/E/G ratio of 3.07 and a beta of 1.29. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.69. General Electric has a twelve month low of $76.87 and a twelve month high of $158.68.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 EPS for the quarter, topping the consensus estimate of $0.90 by $0.13. The company had revenue of $19.42 billion for the quarter, compared to analyst estimates of $17.27 billion. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The business’s revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 EPS. As a group, equities analysts predict that General Electric will post 3.78 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, April 15th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, April 12th. This is a boost from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 dividend on an annualized basis and a yield of 0.73%. General Electric’s dividend payout ratio (DPR) is 13.38%.

Insider Activity

In related news, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the sale, the senior vice president now owns 56,284 shares in the company, valued at approximately $8,153,863.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the sale, the senior vice president now directly owns 56,284 shares in the company, valued at approximately $8,153,863.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the completion of the sale, the senior vice president now directly owns 48,339 shares in the company, valued at $6,552,351.45. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GE shares. Bank of America lowered their target price on shares of General Electric from $175.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. Vertical Research initiated coverage on shares of General Electric in a research report on Thursday, April 4th. They set a “buy” rating and a $160.00 price objective on the stock. Wells Fargo & Company reduced their target price on shares of General Electric from $200.00 to $165.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. TheStreet raised General Electric from a “c+” rating to a “b+” rating in a report on Tuesday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on General Electric from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, General Electric has a consensus rating of “Moderate Buy” and an average target price of $160.07.

About General Electric

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.