Fusion Family Wealth LLC increased its holdings in shares of General Electric (NYSE:GE) by 153.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,264 shares of the conglomerate’s stock after purchasing an additional 5,002 shares during the period. Fusion Family Wealth LLC’s holdings in General Electric were worth $112,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of GE. Franklin Resources Inc. boosted its holdings in shares of General Electric by 11.0% during the first quarter. Franklin Resources Inc. now owns 204,957,949 shares of the conglomerate’s stock worth $2,762,834,000 after acquiring an additional 20,275,020 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of General Electric by 43.9% during the first quarter. The Manufacturers Life Insurance Company now owns 90,257,543 shares of the conglomerate’s stock worth $1,216,672,000 after acquiring an additional 27,527,425 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of General Electric by 15.2% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 74,590,954 shares of the conglomerate’s stock worth $1,005,486,000 after acquiring an additional 9,835,343 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of General Electric by 8.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 34,433,303 shares of the conglomerate’s stock worth $464,161,000 after acquiring an additional 2,736,657 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of General Electric by 6.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 26,814,410 shares of the conglomerate’s stock worth $364,944,000 after acquiring an additional 1,507,722 shares during the period. Institutional investors and hedge funds own 53.74% of the company’s stock.

In related news, Director H Lawrence Culp, Jr. purchased 191,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 24th. The stock was acquired at an average cost of $13.04 per share, for a total transaction of $2,490,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.12% of the company’s stock.

A number of brokerages have recently issued reports on GE. Credit Suisse Group began coverage on General Electric in a report on Friday. They set a “neutral” rating and a $14.00 price objective for the company. Gordon Haskett began coverage on General Electric in a report on Friday. They set a “sell” rating for the company. Citigroup reduced their price objective on General Electric from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday. Barclays upgraded General Electric from an “equal weight” rating to an “overweight” rating and set a $16.00 price objective for the company in a report on Monday, October 8th. Finally, Morningstar set a $16.10 price objective on General Electric and gave the stock a “buy” rating in a report on Monday, October 8th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $16.26.

Shares of GE stock opened at $12.32 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.81 and a quick ratio of 1.51. The company has a market capitalization of $98.03 billion, a P/E ratio of 11.73, a P/E/G ratio of 2.14 and a beta of 0.97. General Electric has a 1 year low of $11.21 and a 1 year high of $23.84.

General Electric (NYSE:GE) last issued its quarterly earnings results on Friday, July 20th. The conglomerate reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The business had revenue of $30.10 billion during the quarter, compared to analysts’ expectations of $29.39 billion. General Electric had a positive return on equity of 10.40% and a negative net margin of 6.59%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. As a group, analysts predict that General Electric will post 0.96 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 25th. Investors of record on Monday, September 17th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Friday, September 14th. General Electric’s dividend payout ratio (DPR) is currently 45.71%.

General Electric Profile

General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.

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

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