Canada Pension Plan Investment Board lessened its holdings in General Electric (NYSE:GE) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,758,854 shares of the conglomerate’s stock after selling 462,600 shares during the quarter. Canada Pension Plan Investment Board’s holdings in General Electric were worth $28,452,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in General Electric by 250.0% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 3,500 shares of the conglomerate’s stock worth $26,000 after acquiring an additional 2,500 shares during the last quarter. Mackey Komara & Dankovich LLC bought a new position in General Electric during the 4th quarter worth approximately $27,000. Edge Wealth Management LLC boosted its stake in General Electric by 47.4% during the 4th quarter. Edge Wealth Management LLC now owns 4,045 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 1,300 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in General Electric during the 4th quarter worth approximately $41,000. Finally, NuWave Investment Management LLC boosted its stake in General Electric by 170.3% during the 4th quarter. NuWave Investment Management LLC now owns 6,016 shares of the conglomerate’s stock worth $46,000 after acquiring an additional 3,790 shares during the last quarter. 57.72% of the stock is currently owned by institutional investors.

Shares of GE opened at $9.35 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.52 and a current ratio of 1.81. General Electric has a twelve month low of $6.66 and a twelve month high of $15.59. The company has a market capitalization of $81.18 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 3.97 and a beta of 0.99.

General Electric (NYSE:GE) last announced its quarterly earnings results on Thursday, January 31st. The conglomerate reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). General Electric had a negative net margin of 18.38% and a positive return on equity of 9.85%. The company had revenue of $33.28 billion during the quarter, compared to the consensus estimate of $32.01 billion. Analysts anticipate that General Electric will post 0.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, March 11th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Friday, March 8th. General Electric’s payout ratio is currently 6.15%.

In other General Electric news, insider Russell Stokes sold 49,904 shares of General Electric stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.93, for a total value of $495,546.72. Following the transaction, the insider now owns 265,986 shares of the company’s stock, valued at $2,641,240.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.13% of the company’s stock.

GE has been the topic of several recent analyst reports. Gabelli reissued a “buy” rating on shares of General Electric in a research note on Tuesday, February 26th. Argus raised shares of General Electric from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. William Blair reissued a “buy” rating on shares of General Electric in a research note on Monday, January 14th. Royal Bank of Canada reissued a “buy” rating and set a $12.00 price objective on shares of General Electric in a research note on Wednesday, March 6th. Finally, Vertical Research lowered shares of General Electric from a “buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a research note on Thursday, January 31st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.39.

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General Electric Company Profile

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

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

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