Fiduciary Group LLC Buys 6,220 Shares of General Electric (NYSE:GE)

Fiduciary Group LLC raised its holdings in General Electric (NYSE:GE) by 9.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,952 shares of the conglomerate’s stock after purchasing an additional 6,220 shares during the quarter. Fiduciary Group LLC’s holdings in General Electric were worth $555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in GE. NEXT Financial Group Inc grew its stake in General Electric by 6.1% in the 4th quarter. NEXT Financial Group Inc now owns 60,499 shares of the conglomerate’s stock valued at $675,000 after purchasing an additional 3,471 shares during the period. Balasa Dinverno & Foltz LLC grew its stake in General Electric by 15.9% in the 4th quarter. Balasa Dinverno & Foltz LLC now owns 12,281 shares of the conglomerate’s stock valued at $137,000 after purchasing an additional 1,688 shares during the period. Loveless Wealth Management LLC bought a new position in General Electric in the 4th quarter valued at $236,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in General Electric by 297.6% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 24,117 shares of the conglomerate’s stock valued at $269,000 after purchasing an additional 18,052 shares during the period. Finally, J.W. Cole Advisors Inc. bought a new position in General Electric in the 4th quarter valued at $567,000. Hedge funds and other institutional investors own 61.55% of the company’s stock.

Several research firms have recently weighed in on GE. UBS Group cut their price target on General Electric from $9.00 to $7.50 and set a “buy” rating for the company in a research note on Friday, May 8th. Oppenheimer reiterated a “hold” rating on shares of General Electric in a research note on Friday, May 8th. Barclays reiterated a “buy” rating and set a $13.00 price target on shares of General Electric in a research note on Friday, March 13th. Imperial Capital increased their price target on General Electric from $5.00 to $8.00 in a research note on Monday, March 2nd. Finally, JPMorgan Chase & Co. reissued a “hold” rating and set a $5.00 price objective on shares of General Electric in a report on Thursday, April 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. General Electric presently has a consensus rating of “Hold” and an average price target of $9.49.

Shares of NYSE:GE traded down $0.07 on Friday, hitting $6.41. The company’s stock had a trading volume of 69,131,315 shares, compared to its average volume of 135,825,280. The company has a 50-day simple moving average of $6.50 and a 200 day simple moving average of $9.84. General Electric has a 1 year low of $5.48 and a 1 year high of $13.26. The company has a market capitalization of $56.68 billion, a PE ratio of -19.42, a PEG ratio of 34.91 and a beta of 0.95. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.91 and a quick ratio of 1.69.

General Electric (NYSE:GE) last released its quarterly 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). General Electric had a negative net margin of 2.39% and a positive return on equity of 13.66%. The business had revenue of $20.52 billion during the quarter, compared to analysts’ expectations of $20.34 billion. During the same period in the previous year, the business earned $0.12 EPS. The business’s revenue was down 24.8% on a year-over-year basis. On average, equities research analysts expect that General Electric will post 0.04 earnings per share for the current fiscal year.

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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