Bradley Foster & Sargent Inc. CT Grows Position in General Electric (NYSE:GE)

Bradley Foster & Sargent Inc. CT raised its position in General Electric (NYSE:GE) by 174.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,029 shares of the conglomerate’s stock after purchasing an additional 31,786 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in General Electric were worth $7,953,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Macroview Investment Management LLC grew its holdings in shares of General Electric by 37.9% in the second quarter. Macroview Investment Management LLC now owns 211 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 58 shares during the period. Allegheny Financial Group LTD increased its position in shares of General Electric by 1.4% during the second quarter. Allegheny Financial Group LTD now owns 4,489 shares of the conglomerate’s stock valued at $714,000 after acquiring an additional 61 shares during the last quarter. New England Research & Management Inc. raised its stake in shares of General Electric by 2.2% in the 2nd quarter. New England Research & Management Inc. now owns 2,910 shares of the conglomerate’s stock valued at $463,000 after acquiring an additional 63 shares during the period. Choate Investment Advisors lifted its holdings in shares of General Electric by 0.4% in the 1st quarter. Choate Investment Advisors now owns 16,000 shares of the conglomerate’s stock worth $2,808,000 after acquiring an additional 65 shares during the last quarter. Finally, First National Trust Co boosted its position in shares of General Electric by 1.7% during the 2nd quarter. First National Trust Co now owns 3,912 shares of the conglomerate’s stock worth $622,000 after purchasing an additional 66 shares during the period. Institutional investors own 74.77% of the company’s stock.

General Electric Trading Down 0.6 %

Shares of NYSE:GE opened at $180.32 on Wednesday. The company has a market cap of $197.38 billion, a PE ratio of 59.12, a P/E/G ratio of 1.65 and a beta of 1.18. The company’s 50 day moving average is $167.28 and its two-hundred day moving average is $170.87. General Electric has a 52 week low of $84.42 and a 52 week high of $182.43. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE) last posted its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.21. The company had revenue of $9.09 billion for the quarter, compared to analysts’ expectations of $8.44 billion. General Electric had a return on equity of 16.07% and a net margin of 7.66%. General Electric’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. Equities analysts predict that General Electric will post 4.2 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, September 26th. General Electric’s dividend payout ratio (DPR) is 36.72%.

Analyst Upgrades and Downgrades

GE has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their target price on General Electric from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Jefferies Financial Group raised their target price on General Electric from $185.00 to $190.00 and gave the company a “buy” rating in a report on Friday, June 28th. UBS Group lifted their target price on General Electric from $201.00 to $209.00 and gave the company a “buy” rating in a research report on Monday, July 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of General Electric from $195.00 to $209.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Finally, StockNews.com cut shares of General Electric from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $191.14.

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.