1,553 Shares in General Electric (NYSE:GE) Purchased by WealthBridge Capital Management LLC

WealthBridge Capital Management LLC acquired a new position in shares of General Electric (NYSE:GE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,553 shares of the conglomerate’s stock, valued at approximately $259,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. purchased a new stake in General Electric during the third quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new stake in General Electric during the third quarter worth about $27,000. Peterson Financial Group Inc. purchased a new stake in General Electric during the third quarter worth about $28,000. RPg Family Wealth Advisory LLC purchased a new stake in General Electric during the third quarter worth about $30,000. Finally, Hager Investment Management Services LLC purchased a new stake in General Electric during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on GE. Citigroup lifted their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft cut their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. JPMorgan Chase & Co. lifted their target price on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Redburn Atlantic began coverage on shares of General Electric in a research report on Tuesday. They set a “buy” rating and a $250.00 target price for the company. Finally, Northcoast Research began coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, General Electric currently has an average rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Price Performance

General Electric stock opened at $210.28 on Thursday. General Electric has a 1 year low of $118.13 and a 1 year high of $212.19. The firm has a 50 day moving average price of $185.01 and a 200 day moving average price of $180.23. The company has a market cap of $225.69 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.59 and a beta of 1.22. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

General Electric (NYSE:GE) last released its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Sell-side analysts predict that General Electric will post 5.39 earnings per share for the current year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.68%. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is presently 18.70%.

About General Electric

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.