John G Ullman & Associates Inc. Sells 452 Shares of General Electric (NYSE:GE)

John G Ullman & Associates Inc. trimmed its position in General Electric (NYSE:GE) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,940 shares of the conglomerate’s stock after selling 452 shares during the quarter. John G Ullman & Associates Inc.’s holdings in General Electric were worth $3,311,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Halpern Financial Inc. lifted its stake in shares of General Electric by 968.4% in the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after buying an additional 184 shares during the last quarter. CGC Financial Services LLC increased its holdings in General Electric by 90.2% in the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after buying an additional 110 shares during the period. Capital Analysts LLC increased its holdings in General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after buying an additional 87 shares during the period. Macroview Investment Management LLC increased its holdings in General Electric by 43.4% in the 3rd quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate’s stock valued at $35,000 after buying an additional 96 shares during the period. Finally, Fortis Group Advisors LLC bought a new stake in shares of General Electric in the 3rd quarter worth about $37,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at General Electric

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the sale, the senior vice president now owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the completion of the sale, the senior vice president now owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the sale, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

General Electric Stock Down 3.2 %

GE stock traded down $4.88 during mid-day trading on Friday, hitting $148.06. 9,475,577 shares of the company were exchanged, compared to its average volume of 7,983,830. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18. The firm has a market cap of $161.87 billion, a P/E ratio of 17.71, a P/E/G ratio of 3.05 and a beta of 1.29. The firm’s 50 day simple moving average is $159.15 and its 200 day simple moving average is $134.10. General Electric has a 1-year low of $76.87 and a 1-year high of $158.68.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.13. The company had revenue of $19.42 billion during the quarter, compared to analysts’ expectations of $17.27 billion. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the business earned $1.24 EPS. On average, sell-side analysts predict that General Electric will post 3.78 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, April 15th will be paid a $0.28 dividend. The ex-dividend date is Friday, April 12th. This is a boost from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a dividend yield of 0.76%. General Electric’s dividend payout ratio (DPR) is currently 13.38%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GE shares. Royal Bank of Canada lowered their target price on shares of General Electric from $180.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, April 4th. Wells Fargo & Company cut their target price on shares of General Electric from $200.00 to $165.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. Vertical Research assumed coverage on shares of General Electric in a research report on Thursday, April 4th. They set a “buy” rating and a $160.00 target price on the stock. TD Cowen upgraded shares of General Electric from a “hold” rating to a “buy” rating and upped their target price for the company from $175.00 to $180.00 in a research report on Tuesday, April 9th. Finally, The Goldman Sachs Group assumed coverage on shares of General Electric in a research report on Tuesday, April 9th. They set a “buy” rating and a $190.00 target price on the stock. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $160.07.

General Electric Company Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.