Coldstream Capital Management Inc. trimmed its position in shares of General Electric (NYSE:GE) by 20.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,481 shares of the conglomerate’s stock after selling 9,891 shares during the period. Coldstream Capital Management Inc.’s holdings in General Electric were worth $298,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in General Electric by 6.1% in the 1st quarter. Geode Capital Management LLC now owns 127,442,619 shares of the conglomerate’s stock worth $1,009,780,000 after buying an additional 7,346,879 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in General Electric by 4.7% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 110,285,803 shares of the conglomerate’s stock worth $1,230,790,000 after purchasing an additional 4,988,176 shares in the last quarter. Norges Bank purchased a new stake in shares of General Electric during the fourth quarter valued at approximately $908,096,000. Renaissance Technologies LLC boosted its stake in General Electric by 25.6% during the 4th quarter. Renaissance Technologies LLC now owns 75,624,926 shares of the conglomerate’s stock valued at $843,974,000 after purchasing an additional 15,404,966 shares during the last quarter. Finally, Pzena Investment Management LLC increased its holdings in General Electric by 0.4% in the 1st quarter. Pzena Investment Management LLC now owns 64,569,513 shares of the conglomerate’s stock worth $512,682,000 after buying an additional 266,399 shares in the last quarter. Institutional investors own 62.04% of the company’s stock.

GE traded down $0.12 during trading hours on Friday, reaching $6.56. 17,381,996 shares of the company’s stock traded hands, compared to its average volume of 111,869,296. The firm has a 50-day moving average price of $6.79 and a 200 day moving average price of $9.14. The firm has a market capitalization of $58.43 billion, a PE ratio of -19.79, a PEG ratio of 35.18 and a beta of 0.93. The company has a quick ratio of 1.69, a current ratio of 1.91 and a debt-to-equity ratio of 1.80. General Electric has a 52-week low of $5.48 and a 52-week high of $13.26.

General Electric (NYSE:GE) last released its earnings results on Wednesday, April 29th. The conglomerate reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $20.52 billion for the quarter, compared to the consensus estimate of $20.34 billion. General Electric had a positive return on equity of 13.66% and a negative net margin of 2.39%. The firm’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 earnings per share. Equities analysts predict that General Electric will post 0.04 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, June 29th will be given a $0.01 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.04 annualized dividend and a yield of 0.61%. General Electric’s dividend payout ratio (DPR) is 6.15%.

A number of research analysts recently weighed in on GE shares. Citigroup lowered their price objective on shares of General Electric from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Cfra downgraded shares of General Electric to a “hold” rating in a report on Thursday, April 9th. Argus lowered their price objective on General Electric from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Deutsche Bank lowered their price target on General Electric from $13.50 to $8.40 and set a “hold” rating on the stock in a report on Thursday, April 9th. Finally, Morgan Stanley lowered their target price on shares of General Electric from $14.00 to $9.00 and set an “overweight” rating on the stock in a report on Tuesday, March 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. General Electric has a consensus rating of “Hold” and a consensus target price of $9.17.

About General Electric

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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