FAS Wealth Partners Inc. Takes $281,000 Position in General Electric (NYSE:GE)

FAS Wealth Partners Inc. bought a new stake in General Electric (NYSE:GEFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,203 shares of the conglomerate’s stock, valued at approximately $281,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp lifted its position in General Electric by 3.5% during the 2nd quarter. State Street Corp now owns 50,207,805 shares of the conglomerate’s stock worth $5,515,327,000 after buying an additional 1,717,793 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in General Electric by 122,242.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,438,063 shares of the conglomerate’s stock worth $878,644,000 after buying an additional 13,427,079 shares in the last quarter. Northern Trust Corp lifted its position in General Electric by 4.0% during the 3rd quarter. Northern Trust Corp now owns 10,588,433 shares of the conglomerate’s stock worth $1,170,551,000 after buying an additional 410,061 shares in the last quarter. Morgan Stanley lifted its position in General Electric by 5.1% during the 3rd quarter. Morgan Stanley now owns 8,955,511 shares of the conglomerate’s stock worth $990,032,000 after buying an additional 434,736 shares in the last quarter. Finally, Norges Bank acquired a new position in General Electric during the 4th quarter worth about $635,274,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Activity

In related news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the sale, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the sale, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total value of $1,843,615.55. Following the sale, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

General Electric Stock Performance

Shares of GE stock opened at $136.47 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.18 and a quick ratio of 0.85. The stock has a market cap of $149.20 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 2.35 and a beta of 1.29. The stock has a 50-day moving average of $154.32 and a 200-day moving average of $130.76. General Electric has a one year low of $93.47 and a one year high of $180.36.

General Electric (NYSE:GEGet Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.13. The company had revenue of $19.42 billion during the quarter, compared to analysts’ expectations of $17.27 billion. General Electric had a return on equity of 10.88% and a net margin of 13.95%. General Electric’s revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 EPS. As a group, sell-side analysts expect that General Electric will post 4.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. TheStreet upgraded shares of General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. Citigroup upped their price target on shares of General Electric from $135.00 to $148.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Oppenheimer reissued a “market perform” rating on shares of General Electric in a report on Tuesday, March 5th. Jefferies Financial Group boosted their price objective on General Electric from $180.00 to $195.00 in a report on Monday, March 11th. Finally, Royal Bank of Canada boosted their price objective on General Electric from $148.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, General Electric has an average rating of “Moderate Buy” and a consensus target price of $148.08.

Read Our Latest Report on GE

General Electric Company Profile

(Free Report)

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.

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

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