Duff & Phelps Investment Management Co. Has $2.69 Million Stake in General Electric Company (GE)

Duff & Phelps Investment Management Co. lowered its holdings in shares of General Electric Company (NYSE:GE) by 6.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 99,608 shares of the conglomerate’s stock after selling 7,290 shares during the period. Duff & Phelps Investment Management Co.’s holdings in General Electric were worth $2,690,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Warren Averett Asset Management LLC raised its stake in shares of General Electric by 7.0% during the second quarter. Warren Averett Asset Management LLC now owns 103,854 shares of the conglomerate’s stock valued at $2,805,000 after acquiring an additional 6,799 shares during the last quarter. Sabal Trust CO raised its stake in shares of General Electric by 5.4% during the second quarter. Sabal Trust CO now owns 1,080,995 shares of the conglomerate’s stock valued at $29,198,000 after acquiring an additional 55,049 shares during the last quarter. Smithbridge Asset Management Inc. DE raised its stake in shares of General Electric by 47.2% during the second quarter. Smithbridge Asset Management Inc. DE now owns 31,268 shares of the conglomerate’s stock valued at $845,000 after acquiring an additional 10,025 shares during the last quarter. Rothschild Investment Corp IL raised its stake in shares of General Electric by 2.4% during the second quarter. Rothschild Investment Corp IL now owns 465,351 shares of the conglomerate’s stock valued at $12,569,000 after acquiring an additional 10,906 shares during the last quarter. Finally, Windsor Financial Group LLC raised its stake in shares of General Electric by 497.6% during the first quarter. Windsor Financial Group LLC now owns 156,454 shares of the conglomerate’s stock valued at $4,662,000 after acquiring an additional 130,275 shares during the last quarter. 54.29% of the stock is owned by hedge funds and other institutional investors.

In other news, Director James S. Tisch purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were bought at an average cost of $24.56 per share, with a total value of $2,456,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is owned by company insiders.

General Electric Company (NYSE GE) opened at $17.90 on Wednesday. The stock has a market cap of $164,943.92, a PE ratio of 15.34, a PEG ratio of 1.99 and a beta of 1.11. General Electric Company has a twelve month low of $17.46 and a twelve month high of $32.38. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 1.14.

General Electric (NYSE:GE) last released its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The firm had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.51 billion. During the same period in the previous year, the business earned $0.32 earnings per share. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. sell-side analysts anticipate that General Electric Company will post 1.06 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Monday, September 18th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date was Friday, September 15th. General Electric’s payout ratio is currently 120.00%.

A number of equities analysts recently weighed in on GE shares. Stifel Nicolaus reissued a “buy” rating and set a $26.00 target price on shares of General Electric in a research note on Thursday, October 12th. Morgan Stanley reissued an “equal weight” rating and set a $26.00 target price (down previously from $27.00) on shares of General Electric in a research note on Monday, July 24th. J P Morgan Chase & Co lowered their target price on shares of General Electric from $19.00 to $17.00 and set an “underweight” rating for the company in a research note on Wednesday, November 1st. Vetr raised shares of General Electric from a “strong sell” rating to a “sell” rating and set a $21.74 target price for the company in a research note on Tuesday, October 10th. Finally, Citigroup Inc. reissued a “buy” rating on shares of General Electric in a research note on Tuesday. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $25.02.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States & international trademark and copyright laws. The legal version of this news story can be viewed at https://sportsperspectives.com/2017/11/15/duff-phelps-investment-management-co-has-2-69-million-stake-in-general-electric-company-ge.html.

General Electric Profile

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

Receive News & Ratings for General Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply