General Electric (NYSE:GE) Shares Bought by Stevens Capital Management LP

Stevens Capital Management LP lifted its stake in shares of General Electric (NYSE:GE) by 51.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,911 shares of the conglomerate’s stock after buying an additional 7,475 shares during the quarter. General Electric comprises about 0.7% of Stevens Capital Management LP’s holdings, making the stock its 23rd biggest holding. Stevens Capital Management LP’s holdings in General Electric were worth $2,797,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of GE. Halpern Financial Inc. lifted its stake in shares of General Electric by 968.4% in the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 184 shares during the period. Criterion Capital Advisors LLC purchased a new stake in shares of General Electric during the fourth quarter worth about $27,000. CGC Financial Services LLC grew its holdings in shares of General Electric by 90.2% during the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after buying an additional 110 shares in the last quarter. Capital Analysts LLC grew its holdings in shares of General Electric by 55.8% during the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after buying an additional 87 shares in the last quarter. Finally, Bfsg LLC acquired a new stake in shares of General Electric in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insider Activity at General Electric

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

General Electric Trading Up 0.7 %

GE traded up $1.09 during midday trading on Friday, reaching $162.35. 5,882,635 shares of the company were exchanged, compared to its average volume of 8,112,607. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.17. General Electric has a one year low of $77.28 and a one year high of $163.65. The stock has a market capitalization of $177.71 billion, a P/E ratio of 53.23, a PEG ratio of 2.99 and a beta of 1.29. The stock’s 50-day simple moving average is $160.45 and its 200 day simple moving average is $135.73.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. The company had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. General Electric’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 earnings per share. As a group, analysts forecast that General Electric will post 3.95 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were given a dividend of $0.28 per share. The ex-dividend date was Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. This is a positive change from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio (DPR) is currently 36.72%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GE shares. TheStreet raised shares of General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. Argus lifted their price target on shares of General Electric from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday. Jefferies Financial Group lowered their target price on shares of General Electric from $195.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Vertical Research started coverage on shares of General Electric in a research note on Thursday, April 4th. They set a “buy” rating and a $160.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Electric from $210.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $170.00.

General Electric 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.