Souders Financial Advisors Has $453,000 Stock Holdings in General Electric (NYSE:GE)

Souders Financial Advisors reduced its holdings in General Electric (NYSE:GE) by 3.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,582 shares of the conglomerate’s stock after selling 92 shares during the quarter. Souders Financial Advisors’ holdings in General Electric were worth $453,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Halpern Financial Inc. raised its position in General Electric by 968.4% during the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 184 shares during the last quarter. Criterion Capital Advisors LLC acquired a new stake in shares of General Electric in the fourth quarter valued at about $27,000. CGC Financial Services LLC raised its position in shares of General Electric by 90.2% during the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 110 shares during the last quarter. Capital Analysts LLC lifted its stake in shares of General Electric by 55.8% in the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 87 shares during the period. Finally, Bfsg LLC bought a new stake in General Electric in the fourth quarter valued at approximately $32,000. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

GE has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of General Electric from $165.00 to $192.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Barclays cut their price target on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 3rd. Argus lifted their price objective on General Electric from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. StockNews.com initiated coverage on General Electric in a research report on Monday, April 29th. They set a “hold” rating on the stock. Finally, Bank of America lifted their target price on General Electric from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $181.93.

Insider Buying and Selling at General Electric

In related news, SVP Russell Stokes sold 45,309 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the transaction, the senior vice president now directly owns 112,958 shares in the company, valued at $18,391,821.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.66% of the company’s stock.

General Electric Stock Up 1.4 %

Shares of NYSE GE traded up $2.12 during mid-day trading on Thursday, reaching $158.78. 5,139,282 shares of the company’s stock traded hands, compared to its average volume of 7,101,353. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. The business has a 50-day simple moving average of $162.06 and a 200 day simple moving average of $154.65. The stock has a market cap of $173.80 billion, a P/E ratio of 52.17, a PEG ratio of 1.72 and a beta of 1.21. General Electric has a 1-year low of $84.42 and a 1-year high of $170.80.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. The business had revenue of $16.10 billion during 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 company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. On average, analysts expect that General Electric will post 4.02 EPS for the current fiscal year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, July 11th. General Electric’s payout ratio is currently 36.72%.

General Electric Company 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.