Today The General Electric Company (GE) Position Increased by Beacon Investment Advisory Services Inc.

Today The General Electric Company (GE) Position Increased by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. increased its position in shares of General Electric Company (NYSE:GE) by 3.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,376 shares of the company’s stock after buying an additional 691 shares during the period. General Electric Company comprises about 0.1% of Beacon Investment Advisory Services Inc.’s portfolio, making the stock its 19th largest position. Beacon Investment Advisory Services Inc.’s holdings in General Electric Company were worth $663,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brookstone Capital Management raised its position in shares of General Electric Company by 25.0% in the second quarter. Brookstone Capital Management now owns 75,335 shares of the company’s stock valued at $2,372,000 after buying an additional 15,062 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of General Electric Company by 291.0% in the second quarter. Acadian Asset Management LLC now owns 4,872,359 shares of the company’s stock valued at $153,380,000 after buying an additional 3,626,125 shares during the last quarter. First Quadrant L P CA raised its position in shares of General Electric Company by 27.2% in the second quarter. First Quadrant L P CA now owns 2,344,064 shares of the company’s stock valued at $73,791,000 after buying an additional 501,098 shares during the last quarter. TNB Financial raised its position in shares of General Electric Company by 2.7% in the second quarter. TNB Financial now owns 417,957 shares of the company’s stock valued at $13,153,000 after buying an additional 10,941 shares during the last quarter. Finally, Longer Investments Inc. raised its position in shares of General Electric Company by 18.8% in the second quarter. Longer Investments Inc. now owns 95,655 shares of the company’s stock valued at $3,011,000 after buying an additional 15,105 shares during the last quarter. 54.50% of the stock is owned by institutional investors and hedge funds.

General Electric Company (NYSE:GE) traded up 1.050% during midday trading on Wednesday, hitting $30.315. The stock had a trading volume of 17,021,763 shares. The stock has a market cap of $266.62 billion, a PE ratio of 33.834 and a beta of 1.20. The company’s 50 day moving average price is $31.48 and its 200-day moving average price is $30.74. General Electric Company has a 52-week low of $27.10 and a 52-week high of $33.00.

General Electric Company (NYSE:GE) last announced its earnings results on Friday, January 20th. The company reported $0.46 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.46. The firm earned $33.10 billion during the quarter, compared to analysts’ expectations of $33.67 billion. General Electric Company had a return on equity of 15.99% and a net margin of 6.86%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. Analysts forecast that General Electric Company will post $1.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Tuesday, December 27th will be issued a $0.24 dividend. This is a boost from General Electric Company’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, December 22nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.20%. General Electric Company’s payout ratio is 106.67%.

GE has been the subject of several recent analyst reports. Citigroup Inc. set a $34.00 price objective on General Electric Company and gave the stock a “buy” rating in a report on Tuesday, November 1st. J P Morgan Chase & Co reissued an “underweight” rating on shares of General Electric Company in a report on Tuesday, November 15th. Vetr upgraded General Electric Company from a “hold” rating to a “buy” rating and set a $32.83 target price for the company in a research report on Wednesday, December 14th. Goldman Sachs Group, Inc. (The) set a $28.00 target price on General Electric Company and gave the stock a “neutral” rating in a research report on Friday, September 30th. Finally, Stifel Nicolaus set a $31.00 target price on General Electric Company and gave the stock a “buy” rating in a research report on Wednesday, October 12th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $33.38.

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

About General Electric Company

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