Howe & Rusling Inc. Acquires 122 Shares of General Electric (NYSE:GE)

Howe & Rusling Inc. boosted its holdings in shares of General Electric (NYSE:GE) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,560 shares of the conglomerate’s stock after purchasing an additional 122 shares during the period. Howe & Rusling Inc.’s holdings in General Electric were worth $454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WCM Investment Management LLC bought a new stake in shares of General Electric in the fourth quarter valued at about $520,488,000. Brown Advisory Inc. lifted its holdings in shares of General Electric by 265.7% in the third quarter. Brown Advisory Inc. now owns 3,008,425 shares of the conglomerate’s stock valued at $332,581,000 after purchasing an additional 2,185,793 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of General Electric by 11,947.8% in the fourth quarter. International Assets Investment Management LLC now owns 1,576,570 shares of the conglomerate’s stock valued at $201,218,000 after purchasing an additional 1,563,484 shares in the last quarter. Carmignac Gestion bought a new stake in shares of General Electric in the third quarter valued at about $133,581,000. Finally, AQR Capital Management LLC lifted its holdings in shares of General Electric by 358.4% in the third quarter. AQR Capital Management LLC now owns 1,456,673 shares of the conglomerate’s stock valued at $161,035,000 after purchasing an additional 1,138,896 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

General Electric Price Performance

Shares of NYSE GE opened at $161.53 on Thursday. The business’s 50 day moving average price is $161.50 and its two-hundred day moving average price is $137.33. The company has a market cap of $176.81 billion, a PE ratio of 52.36, a price-to-earnings-growth ratio of 2.88 and a beta of 1.25. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. General Electric has a twelve month low of $77.93 and a twelve month high of $166.26.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. The firm had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 earnings per share. On average, analysts predict that General Electric will post 3.95 EPS for the current year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Friday, April 12th. This is a boost from General Electric’s previous quarterly dividend of $0.08. General Electric’s payout ratio is currently 36.72%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Bank of America boosted their price target on General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Royal Bank of Canada boosted their price target on General Electric from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. TD Cowen upgraded General Electric from a “hold” rating to a “buy” rating and boosted their price target for the company from $175.00 to $180.00 in a report on Tuesday, April 9th. JPMorgan Chase & Co. lowered their target price on General Electric from $180.00 to $148.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 2nd. Finally, Wells Fargo & Company lifted their target price on General Electric from $165.00 to $192.00 and gave the company an “overweight” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $172.29.

Insider Transactions at General Electric

In other news, SVP Michael J. Holston sold 13,601 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the completion of the sale, the senior vice president now owns 48,339 shares in the company, valued at $6,552,351.45. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the sale, the senior vice president now owns 56,284 shares in the company, valued at $8,153,863.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Michael J. Holston sold 13,601 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the sale, the senior vice president now owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

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.