Beatrice Lang
General Electric Company (GE) is an American multinational conglomerate founded in 1892 and incorporated in New York. The company has multiple divisions, including aerospace, energy, healthcare, and finance. As of May 2024, the share price was 165.26 per share, representing a 39.34% increase. GE's stock is listed on the NYSE, and as of January 2022, 294,000 entities and individuals were registered as shareholders. The largest individual non-institutional shareholder is H. Lawrence Culp, Jr., who owns 1.74 million shares. The company has approximately 1.07 billion shares outstanding.
| Characteristics | Values |
|---|---|
| Number of institutional owners and shareholders | 3583 |
| Total number of shares | 998,313,918 |
| Share price as of May 23, 2024 | 165.26 / share |
| Share price as of May 27 | 241.78 |
| Largest individual non-institutional shareholder | H. Lawrence Culp, Jr |
| Number of shares owned by H. Lawrence Culp, Jr | 1.74 million |
| Number of registered shareholders as of 31 January 2022 | 294,000 |
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What You'll Learn
H. Lawrence Culp Jr. is the largest individual shareholder
General Electric Company (GE) is a global industrial provider of power generation, renewable energy, aviation, and other industries. The company operates through two reportable segments, Commercial Engines and Services, and Defense and Propulsion Technologies. The company has 3583 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 998,313,918 shares.
The largest institutional shareholders of GE include Vanguard Group Inc, BlackRock, Inc., Fmr Llc, TCI Fund Management Ltd, Capital International Investors, State Street Corp, Capital Research Global Investors, and Price T Rowe Associates Inc. According to General Electric's latest annual report as of 31 January 2022, 294,000 entities and individuals were registered as GE shareholders, including brokerage firms and institutional investors that may hold shares on behalf of their customers.
While the largest shareholders of GE are asset managers and institutional investors, the largest individual non-institutional shareholder of General Electric is H. Lawrence Culp, Jr, who owns 1.74 million shares. Mr. Culp is the CEO of both the GE Group and GE Aerospace. He was appointed to these positions in September 2018 and June 2022, respectively. The top individual shareholders of GE also include Edward Garden and Russel Stokes.
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GE's stock price as of May 2024
General Electric Company (GE), now known as GE Aerospace, is one of the oldest and largest industrial corporations in the US. It has a diverse portfolio of securities, including common stock and various notes with maturity dates ranging from 2025 to 2037. GE stock is listed on the NYSE under the ticker symbol GE. The company’s shares are also listed on several other exchanges worldwide, including Mexico, Argentina, Colombia, Switzerland, Italy, and France.
As of May 23, 2024, the GE share price was 165.26 per share, representing a notable increase of 39.34% over the period. The company's stock price has been steadily climbing, and forecasts for 2025 indicate further revenue growth.
GE has a substantial number of institutional owners and shareholders. According to the latest annual report as of January 31, 2022, 294,000 entities and individuals were registered as GE shareholders, including brokerage firms and institutional investors that may hold shares on behalf of their customers. As of January 11, 2022, 1.85% of GE's stock was owned by insiders, while 83.33% of its common shares were held by institutions, including brokerage firms, hedge funds, pension funds, and asset management companies.
The largest individual non-institutional shareholder of General Electric was H. Lawrence Culp, Jr., who owned 1.74 million shares. Mr. Culp is the CEO of both the GE Group and GE Aerospace, appointed to these positions in September 2018 and June 2022, respectively. Other notable shareholders include Mr. Francisco D’Souza, Mr. Thomas W. Horton, Mr. Michael J. Holston, and Mr. Russell Stokes.
In terms of institutional investors, Vanguard Group Inc., BlackRock, Inc., Fmr LLC, TCI Fund Management Ltd., Capital International Investors, and State Street Corp. are among the major shareholders. These institutions held a total of 998,313,918 shares as of an unspecified date.
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GE's share price history
As of May 23, 2024, the share price of General Electric (GE) was 165.26 per share, representing an increase of 39.34% over that period.
GE's stock is listed on the NYSE under the ticker symbol GE. The company's shares are also listed on several other exchanges worldwide, including Mexico, Argentina, Colombia, Switzerland, Italy, and France. As per the latest annual report as of 31 January 2022, 294,000 entities and individuals were registered as GE shareholders, including brokerage firms and institutional investors.
According to data from GuruFocus as of 11 January, the top individual non-institutional shareholder of General Electric was H. Lawrence Culp, Jr., who owned 1.74 million shares. Mr. Culp is the CEO of both the GE Group and GE Aerospace. Other significant shareholders include Mr. Francisco D'Souza, with 151,500 shares, Mr. Thomas W. Horton, with 55,248 shares, Mr. Michael J. Holston, with 50,929 shares, and Mr. Russell Stokes, with 46,433 shares. These shares have been granted to insiders by the company as part of their compensation package.
Among institutional investors, Vanguard Group Inc., BlackRock, Inc., Fmr LLC, TCI Fund Management Ltd., Capital International Investors, and State Street Corp. are some of the major shareholders.
The share price history of GE has likely fluctuated over time, influenced by various market and economic factors. Unfortunately, I could not find a detailed historical share price record for GE.
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GE's largest institutional shareholders
As of 31 January 2022, 294,000 entities and individuals were registered as General Electric (GE) shareholders, including brokerage firms and institutional investors that may hold the shares on behalf of their customers. According to GuruFocus, 1.85% of GE's stock was owned by insiders, while 83.33% of its common shares were held by institutions, including brokerage firms, hedge funds, pension funds, and asset management companies.
The largest individual shareholders of GE are H. Lawrence Culp, Jr. (1.74 million shares), Edward Garden, Russell Stokes, Francisco D'Souza, Thomas W. Horton, Michael J. Holston, and Russell Stokes. H. Lawrence Culp, Jr. is the CEO of both the GE Group and GE Aerospace.
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$21.39 $28.03
Shareholder requirements to avoid loss of shares
As of 31 January 2022, General Electric had 294,000 registered shareholders, including brokerage firms and institutional investors. The largest individual non-institutional shareholder of General Electric was H. Lawrence Culp, Jr, who owned 1.74 million shares.
To avoid loss of shares as a shareholder, it is important to understand the concept of share dilution. Share dilution occurs when a company issues new shares, leading to a decrease in the stock price and a dilution of existing shareholder value. While this typically results in a loss for existing shareholders, it is important to note that their value does not necessarily go down. For example, if a company worth $1 million issues an additional 1 million shares at $1 each, the company's value increases to $2 million, and the existing shareholders have not lost value. However, if the company issues new shares just to stay in business, it could be a sign of desperation, and the new shares may be worth less, reducing the value of existing shares.
To mitigate the risks of share dilution, shareholders can consider investing in companies listed on the NYSE or NASDAQ. These exchanges have listing rules that require shareholder approval for any issuance of new common stock exceeding 20% of outstanding shares. While management can still dilute existing shareholders by up to 20% without approval, this rule provides some protection against significant dilution.
Additionally, shareholders should be aware of their stock and debt basis in the company, especially in the case of S corporations. The stock basis reflects the initial capital contribution or the cost of the stock purchased, which is then adjusted based on pass-through amounts. Income items increase the stock basis, while losses, deductions, or distributions decrease it. Shareholders must understand that they may not be able to claim losses or deduction items allocated to them by the S corporation unless they have adequate stock and/or debt basis.
Furthermore, shareholders should stay informed about the company's financial decisions and keep an eye on share sales in its financial statements. While companies may issue new shares for various reasons, such as employee incentive schemes or raising capital, understanding their intentions can help shareholders assess the potential impact on their holdings.
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Frequently asked questions
As of May 2024, General Electric Company (GE) had 1.07 billion shares outstanding.
As of November 2022, the largest individual non-institutional shareholder of General Electric was H. Lawrence Culp, Jr, who owned 1.74 million shares. Other top shareholders include Vanguard Group Inc, BlackRock, Inc., Fmr Llc, TCI Fund Management Ltd, Capital International Investors, and State Street Corp.
The number of General Electric shares has fluctuated over the years. In 2022, the company reported 294,000 registered shareholders, including brokerage firms and institutional investors. In 2024, following the spin-off of GE Healthcare and GE's portfolio of energy businesses, the company's focus shifted to aviation, and the number of shares outstanding was reported to be 1.07 billion.
