LS Investment Advisors LLC Has $290,000 Stake in General Electric (NYSE:GE)

LS Investment Advisors LLC boosted its holdings in General Electric (NYSE:GE) by 20.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,823 shares of the conglomerate’s stock after acquiring an additional 312 shares during the period. LS Investment Advisors LLC’s holdings in General Electric were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in GE. MFA Wealth Advisors LLC bought a new position in General Electric during the 2nd quarter worth $31,000. Kapitalo Investimentos Ltda acquired a new stake in General Electric during the fourth quarter worth approximately $32,000. Richardson Financial Services Inc. bought a new position in shares of General Electric in the first quarter worth $34,000. Macroview Investment Management LLC lifted its holdings in shares of General Electric by 37.9% during the 2nd quarter. Macroview Investment Management LLC now owns 211 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 58 shares during the period. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of General Electric in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

GE has been the topic of several research analyst reports. StockNews.com lowered General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Wells Fargo & Company lifted their price target on shares of General Electric from $192.00 to $205.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of General Electric from $195.00 to $209.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Royal Bank of Canada upped their price target on shares of General Electric from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Finally, UBS Group raised their price objective on shares of General Electric from $201.00 to $209.00 and gave the company a “buy” rating in a report on Monday, July 1st. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, General Electric has an average rating of “Moderate Buy” and a consensus price target of $190.38.

General Electric Stock Down 0.1 %

Shares of NYSE GE traded down $0.23 during mid-day trading on Tuesday, reaching $170.99. 3,205,616 shares of the company’s stock traded hands, compared to its average volume of 6,794,093. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.14 and a quick ratio of 0.85. General Electric has a 1-year low of $84.42 and a 1-year high of $177.20. The stock has a market cap of $187.17 billion, a P/E ratio of 56.06, a PEG ratio of 1.70 and a beta of 1.21. The business has a 50-day simple moving average of $164.55 and a 200 day simple moving average of $161.91.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.21. The firm had revenue of $9.09 billion during the quarter, compared to analyst estimates of $8.44 billion. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. On average, analysts expect that General Electric will post 4.15 EPS for the current fiscal year.

General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were paid a $0.28 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.66%. General Electric’s payout ratio is presently 36.72%.

General Electric 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.