NCP Inc. Decreases Holdings in General Electric (NYSE:GE)

NCP Inc. reduced its stake in General Electric (NYSE:GE) by 3.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,454 shares of the conglomerate’s stock after selling 75 shares during the period. NCP Inc.’s holdings in General Electric were worth $390,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Aveo Capital Partners LLC purchased a new position in shares of General Electric during the 4th quarter valued at $203,000. Eagle Asset Management Inc. boosted its position in General Electric by 24.9% during the fourth quarter. Eagle Asset Management Inc. now owns 53,783 shares of the conglomerate’s stock worth $6,864,000 after purchasing an additional 10,705 shares during the period. Jones Financial Companies Lllp increased its stake in shares of General Electric by 6.5% in the fourth quarter. Jones Financial Companies Lllp now owns 3,439 shares of the conglomerate’s stock worth $439,000 after purchasing an additional 210 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in shares of General Electric in the fourth quarter worth about $239,000. Finally, Rafferty Asset Management LLC raised its position in shares of General Electric by 5.5% in the fourth quarter. Rafferty Asset Management LLC now owns 91,297 shares of the conglomerate’s stock valued at $11,652,000 after purchasing an additional 4,735 shares during the period. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Performance

NYSE GE opened at $186.30 on Wednesday. General Electric has a 52-week low of $84.42 and a 52-week high of $190.88. The company has a fifty day moving average of $172.31 and a 200-day moving average of $169.45. The company has a market capitalization of $203.93 billion, a P/E ratio of 61.08, a P/E/G ratio of 1.87 and a beta of 1.18. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.14.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share. As a group, equities research analysts predict that General Electric will post 4.2 EPS 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. Shareholders of record on Thursday, September 26th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Thursday, September 26th. General Electric’s payout ratio is currently 36.72%.

Analyst Ratings Changes

GE has been the subject of a number of recent research reports. StockNews.com lowered shares of General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price target on General Electric from $210.00 to $212.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Barclays increased their price objective on General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Royal Bank of Canada lifted their target price on General Electric from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Finally, Sanford C. Bernstein began coverage on shares of General Electric in a report on Tuesday, September 10th. They issued an “outperform” rating and a $201.00 price target on the stock. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, General Electric presently has an average rating of “Moderate Buy” and a consensus target price of $191.36.

General Electric Company 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.