General Electric (GE) Shares Bought by Matthew Goff Investment Advisor LLC

Matthew Goff Investment Advisor LLC boosted its stake in General Electric (NYSE:GE) by 8.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 226,342 shares of the conglomerate’s stock after purchasing an additional 16,810 shares during the quarter. Matthew Goff Investment Advisor LLC’s holdings in General Electric were worth $2,555,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Pekin Singer Strauss Asset Management IL lifted its holdings in shares of General Electric by 1.1% during the 2nd quarter. Pekin Singer Strauss Asset Management IL now owns 383,933 shares of the conglomerate’s stock valued at $5,225,000 after buying an additional 4,192 shares during the last quarter. Morningstar Investment Services LLC lifted its holdings in shares of General Electric by 0.9% during the 2nd quarter. Morningstar Investment Services LLC now owns 1,586,006 shares of the conglomerate’s stock valued at $21,585,000 after buying an additional 13,415 shares during the last quarter. Cornell Pochily Investment Advisors Inc. lifted its holdings in shares of General Electric by 85,260.9% during the 2nd quarter. Cornell Pochily Investment Advisors Inc. now owns 19,633 shares of the conglomerate’s stock valued at $278,000 after buying an additional 19,610 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of General Electric by 334.5% during the 2nd quarter. Pzena Investment Management LLC now owns 17,048,137 shares of the conglomerate’s stock valued at $232,025,000 after buying an additional 13,124,900 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY lifted its holdings in shares of General Electric by 3.6% during the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 549,495 shares of the conglomerate’s stock valued at $7,479,000 after buying an additional 19,224 shares during the last quarter. Institutional investors and hedge funds own 54.46% of the company’s stock.

In other General Electric news, Director Francisco Dsouza purchased 60,000 shares of the business’s stock in a transaction dated Wednesday, November 14th. The stock was bought at an average cost of $8.32 per share, for a total transaction of $499,200.00. Following the completion of the acquisition, the director now directly owns 151,500 shares in the company, valued at $1,260,480. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.12% of the stock is owned by insiders.

Several equities research analysts recently weighed in on GE shares. JPMorgan Chase & Co. restated a “sell” rating and issued a $10.00 target price on shares of General Electric in a report on Thursday, October 25th. Royal Bank of Canada restated a “buy” rating and issued a $15.00 target price on shares of General Electric in a report on Tuesday, October 30th. Goldman Sachs Group set a $14.00 target price on General Electric and gave the stock a “neutral” rating in a report on Tuesday, October 30th. Citigroup reduced their target price on General Electric from $19.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, October 30th. Finally, Bank of America restated a “hold” rating and issued a $11.00 target price on shares of General Electric in a report on Thursday, January 31st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $13.04.

GE opened at $10.03 on Tuesday. General Electric has a twelve month low of $6.66 and a twelve month high of $15.59. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.66 and a quick ratio of 1.36. The company has a market capitalization of $85.18 billion, a P/E ratio of 15.43, a P/E/G ratio of 3.06 and a beta of 0.99.

General Electric (NYSE:GE) last issued its quarterly earnings results on Thursday, January 31st. The conglomerate reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). General Electric had a positive return on equity of 9.84% and a negative net margin of 18.38%. The business had revenue of $33.28 billion for the quarter, compared to analyst estimates of $32.01 billion. Equities analysts expect that General Electric will post 0.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 25th. Stockholders of record on Thursday, December 20th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, December 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.40%. General Electric’s dividend payout ratio (DPR) is presently 6.15%.

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General Electric Profile

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

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

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