Manning & Napier Advisors LLC trimmed its position in shares of General Electric (NYSE:GE) by 54.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,536 shares of the conglomerate’s stock after selling 51,335 shares during the quarter. Manning & Napier Advisors LLC’s holdings in General Electric were worth $1,052,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GE. MPS Loria Financial Planners LLC acquired a new position in shares of General Electric during the second quarter worth approximately $113,000. Ffcm LLC purchased a new stake in General Electric in the 2nd quarter valued at $114,000. Corbenic Partners LLC raised its position in General Electric by 15.7% in the 2nd quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock valued at $144,000 after buying an additional 725 shares during the last quarter. Bristlecone Advisors LLC purchased a new stake in General Electric in the 3rd quarter valued at $164,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in General Electric in the 3rd quarter valued at $204,000. 54.98% of the stock is currently owned by institutional investors.

Shares of General Electric (NYSE:GE) opened at $14.94 on Monday. General Electric has a 12-month low of $14.23 and a 12-month high of $30.59. The stock has a market capitalization of $129,560.95, a price-to-earnings ratio of 14.23, a PEG ratio of 2.83 and a beta of 0.93. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.53 and a current ratio of 1.86.

General Electric (NYSE:GE) last announced its earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). General Electric had a negative net margin of 4.74% and a positive return on equity of 12.26%. The business had revenue of $31.40 billion for the quarter, compared to analysts’ expectations of $33.93 billion. During the same period in the prior year, the business earned $0.46 earnings per share. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. sell-side analysts predict that General Electric will post 0.99 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Monday, February 26th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Friday, February 23rd. General Electric’s dividend payout ratio is presently -66.67%.

A number of equities research analysts recently commented on the company. Vetr lowered General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 price target for the company. in a research report on Wednesday, January 10th. TheStreet lowered General Electric from a “c” rating to a “d+” rating in a research report on Wednesday, January 24th. Morgan Stanley lowered General Electric from an “equal weight” rating to an “underweight” rating and set a $22.00 price target for the company. in a research report on Monday, October 23rd. Stifel Nicolaus lowered General Electric from a “buy” rating to a “hold” rating and lowered their price target for the company from $26.00 to $22.00 in a research report on Tuesday, October 24th. Finally, Goldman Sachs Group set a $23.00 price target on General Electric and gave the company a “hold” rating in a research report on Tuesday, October 17th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $21.31.

In other news, Director Steven M. Mollenkopf purchased 5,500 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was bought at an average price of $18.24 per share, for a total transaction of $100,320.00. Following the purchase, the director now owns 5,500 shares of the company’s stock, valued at $100,320. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alexander Dimitrief purchased 2,689 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $16.16 per share, with a total value of $43,454.24. Following the purchase, the insider now directly owns 81,185 shares in the company, valued at approximately $1,311,949.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 124,370 shares of company stock valued at $2,245,570. Insiders own 0.36% of the company’s stock.

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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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