Gladstone Institutional Advisory Increases Stake in General Electric

Gladstone Institutional Advisory LLC has significantly increased its investment in General Electric (NYSE:GE) by 59.7% during the third quarter of this year. According to the recent filing with the Securities and Exchange Commission, the firm currently holds 16,148 shares of General Electric after purchasing an additional 6,038 shares in the quarter. This increase brought the total value of Gladstone's holdings in General Electric to approximately $3,045,000 by the end of the quarter.

Recent Institutional Investments

Other institutional investors have also been adjusting their positions in General Electric. Norden Group LLC entered the market with a new investment valued at $3,044,000 in the first quarter. Meanwhile, Ashton Thomas Private Wealth LLC increased its holdings by 3.1%, bringing its total to 3,975 shares worth $698,000 after acquiring 118 extra shares. Diversify Advisory Services LLC and Prosperity Consulting Group LLC both purchased new stakes in General Electric, valued at about $288,000 and $300,000, respectively, in the first quarter. Additionally, Janney Montgomery Scott LLC expanded its holdings by 11.4%, raising its total to 136,942 shares valued at approximately $24,038,000 after acquiring 14,018 more shares. Currently, institutional investors and hedge funds collectively own about 74.77% of General Electric's stock.

Current Stock Performance

As of Friday, shares of General Electric opened at $171.70. The company boasts a market capitalization of $185.83 billion, with a price-to-earnings ratio of 30.18 and a PEG ratio of 1.72. General Electric's financial position includes a debt-to-equity ratio of 0.95, a quick ratio of 0.85, and a current ratio of 1.13. Its fifty-day moving average price stands at $180.20, while the two-hundred-day moving average is $169.01. Within the last 52 weeks, the stock has seen a low of $85.89 and a high of $194.80.

Quarterly Earnings Report

General Electric recently shared its quarterly earnings on October 22nd. The company reported earnings of $1.15 per share, which exceeded the consensus estimate of $1.13 by $0.02. General Electric achieved a return on equity of 18.93% and a net margin of 11.48%. The reported revenue for the quarter was $9.84 billion, surpassing analyst expectations of $9.02 billion. This marked a year-over-year revenue increase of 5.8%, with the previous year yielding an earnings per share of $0.82. Analysts currently predict General Electric will report 4.22 earnings per share by the end of the current year.

Dividend Information

The company has announced a quarterly dividend, which was recently paid on October 25th. Shareholders on record as of September 26th received a dividend of $0.28 per share. The annualized dividend now stands at $1.12, providing a dividend yield of 0.65%. General Electric's current dividend payout ratio is 19.68%.

Analyst Ratings

Several analysts have shared their views on General Electric's stock. Sanford C. Bernstein recently raised its price target from $201.00 to $225.00, rating the stock as "outperform". Meanwhile, the Royal Bank of Canada lowered its target from $210.00 to $200.00, still maintaining an