TNB Financial boosted its position in shares of General Electric Company (NYSE:GE) by 6.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 383,162 shares of the conglomerate’s stock after buying an additional 23,992 shares during the period. General Electric makes up about 1.9% of TNB Financial’s portfolio, making the stock its 16th largest position. TNB Financial’s holdings in General Electric were worth $10,349,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BerganKDV Wealth Management LLC raised its position in shares of General Electric by 0.3% in the second quarter. BerganKDV Wealth Management LLC now owns 11,804 shares of the conglomerate’s stock worth $319,000 after buying an additional 36 shares during the last quarter. Insight 2811 Inc. raised its position in shares of General Electric by 0.3% in the first quarter. Insight 2811 Inc. now owns 37,789 shares of the conglomerate’s stock worth $1,126,000 after buying an additional 118 shares during the last quarter. Blue Fin Capital Inc. raised its position in shares of General Electric by 0.3% in the first quarter. Blue Fin Capital Inc. now owns 55,992 shares of the conglomerate’s stock worth $1,668,000 after buying an additional 158 shares during the last quarter. Smith Shellnut Wilson LLC ADV raised its position in shares of General Electric by 0.7% in the second quarter. Smith Shellnut Wilson LLC ADV now owns 22,582 shares of the conglomerate’s stock worth $711,000 after buying an additional 160 shares during the last quarter. Finally, Huntington Steele LLC raised its position in shares of General Electric by 1.0% in the first quarter. Huntington Steele LLC now owns 16,611 shares of the conglomerate’s stock worth $495,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds own 54.29% of the company’s stock.
General Electric Company (GE) opened at 25.20 on Friday. General Electric Company has a one year low of $25.19 and a one year high of $32.38. The firm has a 50-day moving average of $26.28 and a 200 day moving average of $28.52. The company has a market capitalization of $218.18 billion, a price-to-earnings ratio of 30.69 and a beta of 1.21.
General Electric (NYSE:GE) last issued its earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. General Electric had a return on equity of 14.59% and a net margin of 6.45%. The business had revenue of $29.56 billion for the quarter, compared to analyst estimates of $29.07 billion. During the same quarter last year, the company earned $0.51 EPS. The business’s quarterly revenue was down 11.8% on a year-over-year basis. Equities research analysts predict that General Electric Company will post $1.57 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Monday, June 19th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.81%. The ex-dividend date was Thursday, June 15th. General Electric’s dividend payout ratio (DPR) is 118.52%.
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GE has been the topic of several analyst reports. Vetr downgraded shares of General Electric from a “buy” rating to a “hold” rating and set a $30.43 price target for the company. in a research note on Friday, April 14th. Cowen and Company reaffirmed a “hold” rating and set a $30.00 price target on shares of General Electric in a research note on Thursday, April 20th. Royal Bank Of Canada dropped their price target on shares of General Electric from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, April 24th. Argus lowered their target price on shares of General Electric from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, April 24th. Finally, Bank of America Corporation downgraded shares of General Electric from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $35.00 to $31.00 in a research note on Tuesday, April 25th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. General Electric currently has an average rating of “Hold” and an average target price of $30.08.
In related news, insider Alexander Dimitrief purchased 1,845 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was bought at an average cost of $25.54 per share, with a total value of $47,121.30. Following the completion of the acquisition, the insider now directly owns 65,597 shares in the company, valued at approximately $1,675,347.38. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James E. Rohr purchased 27,425 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was bought at an average cost of $25.50 per share, with a total value of $699,337.50. The disclosure for this purchase can be found here. Insiders acquired a total of 253,253 shares of company stock worth $6,770,864 over the last quarter. Company insiders own 0.36% of the company’s stock.
General Electric Company Profile
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