GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in General Electric (NYSE:GE) by 44.4% during the 3rd quarter, Holdings Channel reports. The fund owned 32,500 shares of the conglomerate’s stock after buying an additional 10,000 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in General Electric were worth $786,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in GE. Gamco Investors INC. ET AL grew its position in shares of General Electric by 16.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,480,442 shares of the conglomerate’s stock worth $35,797,000 after buying an additional 208,110 shares in the last quarter. Blue Granite Capital LLC grew its position in shares of General Electric by 291.5% during the 3rd quarter. Blue Granite Capital LLC now owns 73,315 shares of the conglomerate’s stock worth $1,772,000 after buying an additional 54,590 shares in the last quarter. Nwam LLC grew its position in shares of General Electric by 6.5% during the 3rd quarter. Nwam LLC now owns 73,546 shares of the conglomerate’s stock worth $1,778,000 after buying an additional 4,496 shares in the last quarter. State of Wisconsin Investment Board grew its position in shares of General Electric by 3.9% during the 3rd quarter. State of Wisconsin Investment Board now owns 11,454,537 shares of the conglomerate’s stock worth $276,971,000 after buying an additional 434,255 shares in the last quarter. Finally, Legacy Advisors LLC bought a new position in shares of General Electric during the 3rd quarter worth $510,000. 55.62% of the stock is currently owned by institutional investors.

Shares of General Electric (GE) opened at $16.26 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.53 and a current ratio of 1.86. General Electric has a 12-month low of $16.02 and a 12-month high of $30.90. The firm has a market capitalization of $141,008.11, a PE ratio of 20.33, a P/E/G ratio of 3.01 and a beta of 1.07.

General Electric (NYSE:GE) last released its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The business had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.51 billion. During the same quarter last year, the business posted $0.32 earnings per share. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. equities analysts expect that General Electric will post 1.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Wednesday, December 27th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Tuesday, December 26th. General Electric’s dividend payout ratio (DPR) is presently 60.00%.

In other General Electric news, Chairman John Leonard Flannery purchased 60,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was bought at an average cost of $18.27 per share, for a total transaction of $1,096,200.00. Following the completion of the purchase, the chairman now owns 575,477 shares in the company, valued at approximately $10,513,964.79. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven M. Mollenkopf purchased 5,500 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was acquired at an average price of $18.24 per share, with a total value of $100,320.00. Following the completion of the purchase, the director now owns 5,500 shares of the company’s stock, valued at approximately $100,320. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 120,500 shares of company stock valued at $2,183,220. 0.36% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on GE shares. Vetr downgraded General Electric from a “hold” rating to a “sell” rating and set a $23.72 price target on the stock. in a research report on Monday, September 25th. Morgan Stanley dropped their price target on General Electric from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Monday, October 2nd. Credit Suisse Group reaffirmed an “outperform” rating and set a $30.00 price objective (down previously from $33.00) on shares of General Electric in a research report on Thursday, October 5th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $20.00 price objective (down previously from $22.00) on shares of General Electric in a research report on Monday, October 9th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 price objective on shares of General Electric in a research report on Thursday, October 12th. Six analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.94.

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General Electric Profile

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

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

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