Bridge Creek Capital Management LLC Has $4.59 Million Holdings in General Electric (NYSE:GE)

Bridge Creek Capital Management LLC decreased its stake in General Electric (NYSE:GE) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,541 shares of the conglomerate’s stock after selling 459 shares during the quarter. General Electric makes up about 1.4% of Bridge Creek Capital Management LLC’s investment portfolio, making the stock its 27th largest position. Bridge Creek Capital Management LLC’s holdings in General Electric were worth $4,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp acquired a new position in General Electric in the third quarter worth $25,000. Valley Wealth Managers Inc. acquired a new stake in General Electric in the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new position in shares of General Electric in the third quarter worth about $27,000. Peterson Financial Group Inc. acquired a new position in shares of General Electric during the third quarter worth approximately $28,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of General Electric during the third quarter valued at approximately $30,000. 74.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GE has been the subject of several research analyst reports. Northcoast Research assumed coverage on shares of General Electric in a research report on Tuesday, January 7th. They issued a “neutral” rating for the company. Royal Bank of Canada dropped their target price on General Electric from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Citigroup raised their price target on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, October 10th. UBS Group boosted their price objective on General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Sanford C. Bernstein raised their target price on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $201.47.

Insider Transactions at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the sale, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

General Electric Trading Up 0.0 %

Shares of General Electric stock traded up $0.04 during trading hours on Monday, hitting $171.73. The company’s stock had a trading volume of 3,077,250 shares, compared to its average volume of 4,589,456. The company has a market capitalization of $185.86 billion, a PE ratio of 30.18, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. The stock has a 50 day moving average of $174.34 and a 200 day moving average of $173.54. General Electric has a 12 month low of $100.95 and a 12 month high of $194.80.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The business had revenue of $9.84 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same period in the previous year, the firm posted $0.82 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Analysts predict that General Electric will post 4.24 earnings per share for the current year.

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.65%. General Electric’s dividend payout ratio (DPR) is presently 19.68%.

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.