General Electric (NYSE:GE) Shares Sold by Teachers Retirement System of The State of Kentucky


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Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of General Electric (NYSE:GE) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 728,490 shares of the conglomerate’s stock after selling 55,750 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in General Electric were worth $7,868,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Savior LLC raised its stake in General Electric by 157.7% in the 4th quarter. Savior LLC now owns 2,564 shares of the conglomerate’s stock valued at $28,000 after purchasing an additional 1,569 shares during the last quarter. TD Ameritrade Investment Management LLC acquired a new position in General Electric in the 4th quarter valued at $31,000. Perkins Coie Trust Co acquired a new position in General Electric in the 4th quarter valued at $32,000. Accel Wealth Management acquired a new position in General Electric in the 4th quarter valued at $37,000. Finally, Inspire Advisors LLC acquired a new position in General Electric in the 4th quarter valued at $38,000. 60.09% of the stock is owned by institutional investors and hedge funds.

In other news, Director Paula Rosput Reynolds bought 5,000 shares of the stock in a transaction that occurred on Friday, March 12th. The stock was bought at an average cost of $12.50 per share, for a total transaction of $62,500.00. Following the acquisition, the director now directly owns 26,500 shares of the company’s stock, valued at approximately $331,250. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.90% of the company’s stock.

GE has been the subject of several recent research reports. Argus increased their price objective on General Electric from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, December 10th. JPMorgan Chase & Co. restated a “neutral” rating on shares of General Electric in a report on Tuesday, January 26th. Zacks Investment Research upgraded General Electric from a “sell” rating to a “hold” rating and set a $14.00 target price for the company in a report on Wednesday, March 31st. Bank of America restated a “buy” rating and issued a $15.00 target price on shares of General Electric in a report on Monday, March 15th. Finally, Cowen restated a “hold” rating and issued a $10.00 target price on shares of General Electric in a report on Thursday, March 11th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. General Electric has an average rating of “Hold” and a consensus target price of $12.60.

NYSE GE opened at $13.39 on Thursday. The stock has a market cap of $117.63 billion, a PE ratio of 37.19, a P/E/G ratio of 8.61 and a beta of 1.06. The company has a current ratio of 2.31, a quick ratio of 2.04 and a debt-to-equity ratio of 2.10. General Electric has a twelve month low of $5.48 and a twelve month high of $14.41. The stock has a fifty day simple moving average of $12.96 and a 200-day simple moving average of $10.38.

General Electric (NYSE:GE) last announced its earnings results on Monday, January 25th. The conglomerate reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). General Electric had a net margin of 4.52% and a return on equity of 5.37%. The firm had revenue of $21.93 billion for the quarter, compared to analysts’ expectations of $21.62 billion. During the same quarter last year, the business earned $0.21 earnings per share. The business’s revenue was down 16.4% compared to the same quarter last year. Research analysts predict that General Electric will post 0.04 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 26th. Investors of record on Monday, March 8th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Friday, March 5th. General Electric’s dividend payout ratio (DPR) is 6.15%.

General Electric Company Profile

General Electric Company operates as a high-tech industrial company worldwide. The company's Power segment offers heavy-duty and aeroderivative gas turbines for utilities, independent power producers, and industrial applications; maintenance, service, and upgrade solutions to plant assets and their operational lifecycle; steam power technology for fossil and nuclear applications, including boilers, generators, steam turbines, and air quality control systems; and advanced reactor technologies solutions comprising reactors, fuels, and support services for boiling water reactors.

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

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