The 1,767 Shares of General Electric Co. (GE) are sold by Burke & Herbert Bank & Trust Co.

The 1,767 Shares of General Electric Co. (GE) are sold by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. decreased its position in General Electric Co. (NYSE:GE) by 1.2% during the third quarter, Holdings Channel reports. The firm owned 140,058 shares of the company’s stock after selling 1,767 shares during the period. General Electric accounts for approximately 3.8% of Burke & Herbert Bank & Trust Co.’s investment portfolio, making the stock its 4th largest position. Burke & Herbert Bank & Trust Co.’s holdings in General Electric were worth $4,148,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GE. Nexus Investment Management Inc. increased its position in General Electric by 0.4% in the second quarter. Nexus Investment Management Inc. now owns 691,285 shares of the company’s stock worth $21,762,000 after buying an additional 2,600 shares during the period. Kistler Tiffany Companies LLC increased its stake in shares of General Electric by 0.6% in the second quarter. Kistler Tiffany Companies LLC now owns 111,883 shares of the company’s stock valued at $3,522,000 after buying an additional 672 shares during the period. First PREMIER Bank increased its stake in shares of General Electric by 2.8% in the second quarter. First PREMIER Bank now owns 74,098 shares of the company’s stock valued at $2,332,000 after buying an additional 1,990 shares during the period. Integrated Investment Consultants LLC increased its stake in shares of General Electric by 4.9% in the second quarter. Integrated Investment Consultants LLC now owns 89,107 shares of the company’s stock valued at $2,805,000 after buying an additional 4,178 shares during the period. Finally, Indiana Trust & Investment Management CO increased its stake in shares of General Electric by 3.4% in the second quarter. Indiana Trust & Investment Management CO now owns 102,003 shares of the company’s stock valued at $3,211,000 after buying an additional 3,354 shares during the period. 55.46% of the stock is currently owned by institutional investors and hedge funds.

General Electric Co. (NYSE:GE) traded up 0.32% during midday trading on Friday, reaching $31.44. The company’s stock had a trading volume of 13,162,239 shares. General Electric Co. has a one year low of $27.10 and a one year high of $33.00. The firm has a 50 day moving average price of $29.53 and a 200 day moving average price of $30.43. The firm has a market cap of $278.13 billion, a P/E ratio of 27.03 and a beta of 1.20.

General Electric (NYSE:GE) last posted its quarterly earnings results on Friday, October 21st. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.32. The business earned $29.30 billion during the quarter, compared to analysts’ expectations of $29.64 billion. General Electric had a net margin of 8.93% and a return on equity of 16.08%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $0.29 earnings per share. Equities research analysts forecast that General Electric Co. will post $1.49 EPS for the current fiscal year.

Several analysts have recently commented on GE shares. Vetr raised General Electric from a “hold” rating to a “buy” rating and set a $30.83 price objective for the company in a research note on Monday, September 19th. Zacks Investment Research raised General Electric from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Tuesday, September 13th. William Blair set a $38.00 price objective on General Electric and gave the stock a “buy” rating in a research note on Thursday, September 8th. Stifel Nicolaus set a $34.00 price objective on General Electric and gave the stock a “buy” rating in a research note on Thursday, September 8th. Finally, Bank of America Corp. reissued a “buy” rating and issued a $37.00 price objective on shares of General Electric in a research note on Thursday, October 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.56.

In related news, Chairman Jeffrey R. Immelt purchased 50,000 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was acquired at an average price of $29.24 per share, with a total value of $1,462,000.00. Following the completion of the acquisition, the chairman now owns 2,248,688 shares in the company, valued at approximately $65,751,637.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.23% of the stock is currently owned by company insiders.

About General Electric

Related posts

Leave a Comment