Shelton Capital Management Buys 25,205 Shares of General Electric Company (GE)

Shelton Capital Management raised its stake in shares of General Electric Company (NYSE:GE) by 12.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 227,660 shares of the conglomerate’s stock after purchasing an additional 25,205 shares during the period. Shelton Capital Management’s holdings in General Electric were worth $6,784,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Feltz Wealth PLAN Inc. bought a new stake in General Electric during the first quarter valued at about $114,000. Cable Hill Partners LLC grew its holdings in General Electric by 12.5% during the first quarter. Cable Hill Partners LLC now owns 7,037 shares of the conglomerate’s stock valued at $210,000 after purchasing an additional 780 shares during the period. Parametrica Management Ltd bought a new stake in General Electric during the first quarter valued at about $214,000. Barber Financial Group Inc. grew its holdings in General Electric by 3.1% during the first quarter. Barber Financial Group Inc. now owns 7,363 shares of the conglomerate’s stock valued at $219,000 after purchasing an additional 220 shares during the period. Finally, Hays Advisory LLC grew its holdings in General Electric by 12.2% during the first quarter. Hays Advisory LLC now owns 7,461 shares of the conglomerate’s stock valued at $222,000 after purchasing an additional 810 shares during the period. 54.78% of the stock is owned by institutional investors and hedge funds.

In related news, CEO John Leonard Flannery bought 103,983 shares of the stock in a transaction on Tuesday, August 8th. The shares were bought at an average cost of $25.56 per share, for a total transaction of $2,657,805.48. Following the completion of the transaction, the chief executive officer now owns 509,430 shares of the company’s stock, valued at approximately $13,021,030.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James S. Tisch bought 100,000 shares of the stock in a transaction on Tuesday, August 22nd. The shares were bought at an average price of $24.56 per share, for a total transaction of $2,456,000.00. The disclosure for this purchase can be found here. Insiders have acquired 233,253 shares of company stock worth $5,860,264 over the last 90 days. 0.36% of the stock is currently owned by company insiders.

Shares of General Electric Company (NYSE GE) traded down 0.38% during midday trading on Monday, reaching $23.73. The company’s stock had a trading volume of 18,491,431 shares. The stock’s 50 day moving average price is $25.02 and its 200 day moving average price is $27.76. The firm has a market cap of $205.45 billion, a price-to-earnings ratio of 28.90 and a beta of 1.22. General Electric Company has a one year low of $23.58 and a one year high of $32.38.

General Electric (NYSE:GE) last issued its earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The company had revenue of $29.56 billion for the quarter, compared to analyst estimates of $29.07 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was down 11.8% compared to the same quarter last year. Analysts predict that General Electric Company will post $1.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Monday, September 18th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.96 annualized dividend and a yield of 4.03%. General Electric’s payout ratio is currently 118.52%.

Several research firms have issued reports on GE. Vetr lowered General Electric from a “buy” rating to a “hold” rating and set a $29.97 price target for the company. in a report on Monday, June 19th. BidaskClub raised General Electric from a “strong sell” rating to a “sell” rating in a report on Saturday, June 17th. Bank of America Corporation reissued a “neutral” rating and set a $31.00 price target on shares of General Electric in a report on Tuesday, June 13th. Cowen and Company reissued a “market perform” rating and set a $30.00 price target on shares of General Electric in a report on Tuesday, June 13th. Finally, CIBC reissued a “market perform” rating on shares of General Electric in a report on Wednesday, June 14th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. General Electric presently has an average rating of “Hold” and a consensus target price of $30.08.

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

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