Caledonia Investments PLC Maintains Position in General Electric Company (GE)

Caledonia Investments PLC maintained its position in General Electric Company (NYSE:GE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 398,000 shares of the conglomerate’s stock at the end of the first quarter. General Electric Company accounts for about 3.3% of Caledonia Investments PLC’s holdings, making the stock its 13th largest position. Caledonia Investments PLC’s holdings in General Electric Company were worth $11,860,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in GE. TrueNorth Inc. acquired a new position in General Electric Company during the third quarter worth approximately $1,000,000. Barnett & Company Inc. increased its position in General Electric Company by 12.6% in the third quarter. Barnett & Company Inc. now owns 6,721 shares of the conglomerate’s stock worth $199,000 after buying an additional 751 shares in the last quarter. RGT Capital Management Ltd. acquired a new position in General Electric Company during the third quarter worth approximately $410,000. Mcmillion Capital Management Inc. increased its position in General Electric Company by 5.6% in the third quarter. Mcmillion Capital Management Inc. now owns 114,712 shares of the conglomerate’s stock worth $3,398,000 after buying an additional 6,110 shares in the last quarter. Finally, First Heartland Consultants Inc. increased its position in General Electric Company by 2.6% in the third quarter. First Heartland Consultants Inc. now owns 52,671 shares of the conglomerate’s stock worth $1,560,000 after buying an additional 1,323 shares in the last quarter. 55.08% of the stock is owned by hedge funds and other institutional investors.

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

Shares of General Electric Company (NYSE:GE) opened at 28.45 on Thursday. The firm has a 50-day moving average of $28.31 and a 200 day moving average of $29.92. The company has a market capitalization of $247.06 billion, a PE ratio of 28.97 and a beta of 1.25. General Electric Company has a 12 month low of $27.10 and a 12 month high of $33.00. General Electric Company also was the target of some unusual options trading on Monday. Traders purchased 10,326 put options on the stock. This represents an increase of approximately 318% compared to the average volume of 2,473 put options.

General Electric Company (NYSE:GE) last posted its quarterly earnings results on Friday, April 21st. The conglomerate reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $27.66 billion for the quarter, compared to analysts’ expectations of $26.37 billion. General Electric Company had a return on equity of 16.59% and a net margin of 7.48%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business earned $0.21 earnings per share. On average, equities research analysts expect that General Electric Company will post $1.64 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 25th. Investors of record on Monday, June 19th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Thursday, June 15th. General Electric Company’s dividend payout ratio is 97.96%.

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A number of equities analysts have commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $37.00 price objective on shares of General Electric Company in a report on Monday, March 6th. Vetr downgraded shares of General Electric Company from a “strong-buy” rating to a “buy” rating and set a $33.56 price target for the company. in a report on Tuesday, April 4th. Sanford C. Bernstein set a $38.00 price target on shares of General Electric Company and gave the company a “buy” rating in a report on Friday, February 24th. Deutsche Bank AG reissued a “neutral” rating and set a $28.00 price target on shares of General Electric Company in a report on Wednesday, April 5th. Finally, Credit Suisse Group reissued a “buy” rating and set a $34.00 price target on shares of General Electric Company in a report on Tuesday, April 11th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $31.39.

In other news, Director Marijn E. Dekkers purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, April 24th. The shares were acquired at an average price of $29.90 per share, for a total transaction of $598,000.00. Following the completion of the acquisition, the director now directly owns 1,000 shares in the company, valued at $29,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William G. Beattie purchased 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average price of $27.70 per share, for a total transaction of $110,800.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 140,000 shares of company stock worth $3,964,600. 0.36% of the stock is owned by company insiders.

General Electric Company Company Profile

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