Deuterium Capital Management LLC Makes New Investment in General Electric (NYSE:GE)

Deuterium Capital Management LLC bought a new position in shares of General Electric (NYSE:GE) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 2,409 shares of the conglomerate’s stock, valued at approximately $265,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ruffer LLP boosted its position in General Electric by 138.7% during the first quarter. Ruffer LLP now owns 379,002 shares of the conglomerate’s stock worth $36,227,000 after purchasing an additional 220,210 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in shares of General Electric by 62.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 7,091 shares of the conglomerate’s stock worth $779,000 after buying an additional 2,724 shares in the last quarter. AE Wealth Management LLC grew its stake in General Electric by 85.7% in the 2nd quarter. AE Wealth Management LLC now owns 59,531 shares of the conglomerate’s stock valued at $6,540,000 after acquiring an additional 27,468 shares during the last quarter. Brighton Jones LLC increased its holdings in General Electric by 11.3% during the 2nd quarter. Brighton Jones LLC now owns 8,231 shares of the conglomerate’s stock valued at $904,000 after acquiring an additional 837 shares in the last quarter. Finally, MAI Capital Management raised its position in General Electric by 33.9% during the first quarter. MAI Capital Management now owns 14,859 shares of the conglomerate’s stock worth $1,421,000 after acquiring an additional 3,760 shares during the last quarter. 74.83% of the stock is owned by institutional investors and hedge funds.

General Electric Trading Down 0.3 %

GE stock traded down $0.34 during trading on Tuesday, reaching $119.73. 884,111 shares of the stock traded hands, compared to its average volume of 5,879,400. The firm has a market capitalization of $130.31 billion, a PE ratio of 13.54, a P/E/G ratio of 3.28 and a beta of 1.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.17 and a quick ratio of 0.82. The business’s 50 day moving average price is $111.82 and its 200-day moving average price is $109.72. General Electric has a 52-week low of $59.57 and a 52-week high of $120.74.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, October 24th. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.26. General Electric had a return on equity of 11.10% and a net margin of 14.38%. The business had revenue of $17.35 billion during the quarter, compared to analysts’ expectations of $15.46 billion. During the same quarter in the previous year, the business earned $0.35 EPS. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. As a group, sell-side analysts forecast that General Electric will post 2.65 earnings per share for the current year.

General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Tuesday, September 26th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Monday, September 25th. General Electric’s dividend payout ratio is presently 3.61%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GE. Argus upped their price objective on General Electric from $112.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. Oppenheimer downgraded shares of General Electric from an “outperform” rating to a “market perform” rating in a report on Monday, July 31st. Citigroup upped their price objective on shares of General Electric from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. StockNews.com began coverage on shares of General Electric in a research note on Thursday, October 5th. They issued a “buy” rating for the company. Finally, Barclays boosted their price target on General Electric from $131.00 to $133.00 and gave the company an “overweight” rating in a report on Wednesday, October 25th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.93.

General Electric Profile

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.