Todays Report: Today, Supplemental Annuity Collective Trust of NJ Reached $3,554,000 position of General Electric Co. (GE)

Today, Supplemental Annuity Collective Trust of NJ Reached $3,554,000 position  of General Electric Co. (GE)

Supplemental Annuity Collective Trust of NJ held its stake in shares of General Electric Co. (NYSE:GE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,000 shares of the company’s stock at the end of the third quarter. General Electric makes up 1.8% of Supplemental Annuity Collective Trust of NJ’s investment portfolio, making the stock its 6th largest position. Supplemental Annuity Collective Trust of NJ’s holdings in General Electric were worth $3,554,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Nadler Financial Group Inc. raised its stake in General Electric by 0.6% in the second quarter. Nadler Financial Group Inc. now owns 34,251 shares of the company’s stock worth $1,078,000 after buying an additional 201 shares during the period. West Oak Capital LLC raised its stake in General Electric by 0.6% in the second quarter. West Oak Capital LLC now owns 61,085 shares of the company’s stock worth $1,923,000 after buying an additional 379 shares during the period. Patten & Patten Inc. TN raised its stake in General Electric by 1.5% in the second quarter. Patten & Patten Inc. TN now owns 640,718 shares of the company’s stock worth $20,170,000 after buying an additional 9,512 shares during the period. Baxter Bros Inc. bought a new stake in General Electric during the second quarter worth approximately $11,436,000. Finally, Howland Capital Management LLC raised its stake in General Electric by 7.6% in the second quarter. Howland Capital Management LLC now owns 1,255,577 shares of the company’s stock worth $39,526,000 after buying an additional 89,178 shares during the period. Institutional investors and hedge funds own 53.50% of the company’s stock.

Shares of General Electric Co. (NYSE:GE) traded down 0.60% during trading on Monday, reaching $31.25. The company’s stock had a trading volume of 22,092,675 shares. General Electric Co. has a one year low of $27.10 and a one year high of $33.00. The company has a market capitalization of $276.45 billion, a price-to-earnings ratio of 26.87 and a beta of 1.20. The firm’s 50-day moving average price is $29.53 and its 200-day moving average price is $30.43.

General Electric (NYSE:GE) last issued its quarterly earnings results on Friday, October 21st. The company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. General Electric had a return on equity of 16.08% and a net margin of 8.93%. The firm had revenue of $29.30 billion for the quarter, compared to analysts’ expectations of $29.64 billion. During the same period in the previous year, the firm posted $0.29 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts anticipate that General Electric Co. will post $1.49 earnings per share for the current year.

A number of equities research analysts have commented on GE shares. Citigroup Inc. set a $34.00 price target on General Electric and gave the company a “buy” rating in a research report on Tuesday, November 1st. JPMorgan Chase & Co. restated an “underweight” rating on shares of General Electric in a research report on Tuesday, November 15th. Goldman Sachs Group Inc. set a $28.00 target price on General Electric and gave the company a “neutral” rating in a research report on Friday, September 30th. Stifel Nicolaus set a $31.00 target price on General Electric and gave the company a “buy” rating in a research report on Wednesday, October 12th. Finally, William Blair set a $35.00 target price on General Electric and gave the company a “buy” rating in a research report on Tuesday, November 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. The company 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 company’s stock in a transaction dated Wednesday, November 9th. The shares were purchased at an average cost of $29.24 per share, with a total value of $1,462,000.00. Following the transaction, the chairman now directly owns 2,248,688 shares in the company, valued at approximately $65,751,637.12. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.23% of the stock is owned by insiders.

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