GAMMA Investing LLC Lowers Stock Holdings in General Electric (NYSE:GE)

GAMMA Investing LLC lessened its position in General Electric (NYSE:GE – Free Report) by 0.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,365 shares of the conglomerate’s stock after selling 124 shares during the quarter. GAMMA Investing LLC’s holdings in General Electric were worth $3,563,000 at the end of the most [...]

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GAMMA Investing LLC lessened its position in General Electric ( NYSE:GE – Free Report ) by 0.6% during the 4th quarter, Holdings Channel.com reports.

The institutional investor owned 21,365 shares of the conglomerate’s stock after selling 124 shares during the quarter. GAMMA Investing LLC’s holdings in General Electric were worth $3,563,000 at the end of the most recent quarter. Several other hedge funds have also recently bought and sold shares of the company.



Studio Investment Management LLC boosted its position in General Electric by 97.5% in the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock valued at $25,000 after buying an additional 78 shares during the period.

Toth Financial Advisory Corp acquired a new stake in shares of General Electric in the third quarter valued at $25,000. Valley Wealth Managers Inc. purchased a new position in General Electric in the third quarter valued at $25,000.

O Brien Wealth Partners LLC acquired a new position in General Electric during the 3rd quarter worth $27,000. Finally, Peterson Financial Group Inc. purchased a new stake in General Electric during the 3rd quarter worth about $28,000.

Institutional investors and hedge funds own 74.77% of the company’s stock. Wall Street Analyst Weigh In Several equities analysts have recently issued reports on GE shares.

UBS Group lifted their price objective on General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd.

Wells Fargo & Company boosted their price target on shares of General Electric from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th.

Royal Bank of Canada reduced their price objective on shares of General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd.

Melius Research boosted their target price on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd.

Finally, Citigroup raised their price target on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, October 10th.

Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.47.

General Electric Price Performance General Electric stock opened at $168.59 on Friday. The business has a 50 day simple moving average of $174.

59 and a 200-day simple moving average of $173.00. General Electric has a 12 month low of $98.

92 and a 12 month high of $194.80. The company has a debt-to-equity ratio of 0.

95, a current ratio of 1.13 and a quick ratio of 0.85.

The stock has a market capitalization of $182.46 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 1.

66 and a beta of 1.17. General Electric ( NYSE:GE – Get Free Report ) last posted its quarterly earnings results on Tuesday, October 22nd.

The conglomerate reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.

02. General Electric had a net margin of 11.48% and a return on equity of 18.

93%. The firm had revenue of $9.84 billion during the quarter, compared to analysts’ expectations of $9.

02 billion. During the same period in the prior year, the company posted $0.82 earnings per share.

The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities analysts predict that General Electric will post 4.

24 earnings per share for the current year. General Electric Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a $0.

28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.

66%. The ex-dividend date of this dividend is Friday, December 27th. General Electric’s dividend payout ratio (DPR) is currently 19.

68%. Insiders Place Their Bets In related news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was 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 of the company’s stock, valued at $26,539,714.

53. This trade represents a 9.46 % decrease in their position.

The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink . Also, SVP Riccardo Procacci sold 7,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.

13, for a total value of $1,267,910.00. Following the sale, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.

57. The trade was a 34.50 % decrease in their ownership of the stock.

The disclosure for this sale can be found here . Insiders own 0.66% of the company’s stock.

General Electric Profile ( Free Report ) 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.

Further Reading Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric ( NYSE:GE – Free Report ). Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.

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