FMR LLC & Abigail Johnson Report 6.148% Stake in GE

TL;DR

**FMR LLC and Abigail Johnson still hold over 6% of GE, showing continued institutional confidence.**

AI Summary

FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in General Electric Co. (GE) through an SC 13G/A filing on February 9, 2024. They now beneficially own 66,923,455 shares of GE's common stock, representing 6.148% of the company. This matters to investors because it shows a significant, albeit slightly reduced, long-term commitment from a major institutional investor, indicating their continued belief in GE's value.

Why It Matters

This filing confirms FMR LLC and Abigail P. Johnson's substantial, ongoing investment in GE, signaling their confidence in the company's future performance.

Risk Assessment

Risk Level: low — This filing indicates a stable, long-term institutional holding, which generally reduces volatility and provides a vote of confidence.

Analyst Insight

Investors should note the continued, stable institutional ownership by FMR LLC and Abigail P. Johnson, which can be a positive long-term indicator, but this filing alone doesn't suggest immediate buying or selling action.

Key Numbers

• 66,923,455 — Shares Beneficially Owned (Represents the total number of GE common shares FMR LLC and Abigail P. Johnson have a beneficial interest in, as of the filing date.)
• 6.148% — Percent of Class (Indicates the proportion of GE's total common stock outstanding that FMR LLC and Abigail P. Johnson collectively own.)

Key Players & Entities

• FMR LLC (company) — reporting person and parent holding company
• Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
• GENERAL ELECTRIC CO (company) — the issuer of the common stock
• 66,923,455 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
• 6.148% (dollar_amount) — percentage of GE's common stock beneficially owned

Forward-Looking Statements

• FMR LLC will maintain a significant stake in GE for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09

FAQ

From the Filing

0000315066-24-001124.txt : 20240209 0000315066-24-001124.hdr.sgml : 20240209 20240209090302 ACCESSION NUMBER: 0000315066-24-001124 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL ELECTRIC CO CENTRAL INDEX KEY: 0000040545 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 140689340 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-51773 FILM NUMBER: 24611641 BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CENTER STREET 2: SUITE 3700 CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 617-443-3000 MAIL ADDRESS: STREET 1: ONE FINANCIAL CENTER STREET 2: SUITE 3700 CITY: BOSTON STATE: MA ZIP: 02111 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.4 GENERAL ELECTRIC CO COMMON STOCK Cusip #369604301 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #369604301 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 58,040,726 Item 6: 0 Item 7: 66,923,455 Item 8: 0 Item 9: 66,923,455 Item 11: 6.148% Item 12: HC Cusip #369604301 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 66,923,455 Item 8: 0 Item 9: 66,923,455 Item 11: 6.148% Item 12: IN Item 1(a). Name of Issuer: GENERAL ELECTRIC CO Item 1(b). Address of Issuer's Principal Executive Offices: ONE FINANCIAL CENTER, SUITE 3700 Boston, MA 02111 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 369604301 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 66,923,455 (b) Percent of Class: 6.148% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 66,923,455 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of GENERAL ELECTRIC CO. No one other person's interest in the COMMON STOCK of GENERAL ELECTRIC CO is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below