NTV Asset Management LLC Sells 33,192 Shares of General Electric (GE)

NTV Asset Management LLC lowered its position in General Electric (NYSE:GE) by 15.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 177,727 shares of the conglomerate’s stock after selling 33,192 shares during the period. NTV Asset Management LLC’s holdings in General Electric were worth $3,101,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GE. Barrow Hanley Mewhinney & Strauss LLC boosted its position in General Electric by 4,215.4% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 54,124,364 shares of the conglomerate’s stock worth $1,308,727,000 after purchasing an additional 52,870,164 shares in the last quarter. Legal & General Group Plc boosted its position in General Electric by 3.4% in the 3rd quarter. Legal & General Group Plc now owns 43,631,023 shares of the conglomerate’s stock worth $1,054,994,000 after purchasing an additional 1,422,648 shares in the last quarter. Swiss National Bank boosted its position in General Electric by 0.5% in the 3rd quarter. Swiss National Bank now owns 32,049,061 shares of the conglomerate’s stock worth $774,946,000 after purchasing an additional 171,200 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in General Electric by 6.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 31,696,646 shares of the conglomerate’s stock worth $553,107,000 after purchasing an additional 1,835,853 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in General Electric by 1.4% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 24,862,221 shares of the conglomerate’s stock worth $433,846,000 after purchasing an additional 335,980 shares in the last quarter. Hedge funds and other institutional investors own 55.96% of the company’s stock.

In related news, major shareholder Electric Co General sold 3,883,000 shares of the stock in a transaction on Tuesday, April 24th. The stock was sold at an average price of $15.00, for a total value of $58,245,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.12% of the stock is currently owned by corporate insiders.

NYSE GE opened at $14.97 on Friday. General Electric has a one year low of $12.73 and a one year high of $29.47. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.76 and a quick ratio of 1.48. The firm has a market capitalization of $130.50 billion, a P/E ratio of 14.26, a PEG ratio of 2.92 and a beta of 1.02.

General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, April 20th. The conglomerate reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.05. General Electric had a positive return on equity of 11.22% and a negative net margin of 6.16%. The firm had revenue of $28.66 billion during the quarter, compared to the consensus estimate of $27.26 billion. During the same period in the prior year, the company earned $0.14 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. sell-side analysts forecast that General Electric will post 0.96 earnings per share for the current year.

GE has been the topic of several recent research reports. Bank of America lowered General Electric from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research report on Monday, January 22nd. UBS initiated coverage on General Electric in a research report on Tuesday, January 23rd. They issued a “neutral” rating and a $17.00 price objective on the stock. Morningstar set a $23.50 price objective on General Electric and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Goldman Sachs set a $18.00 price objective on General Electric and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Finally, JPMorgan Chase restated a “sell” rating and issued a $16.00 price objective on shares of General Electric in a research report on Wednesday, January 24th. Seven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $17.92.

General Electric Company Profile

General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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