Sigma Planning Corp Buys 596 Shares of General Electric (NYSE:GE)

Sigma Planning Corp increased its holdings in General Electric (NYSE:GE) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,561 shares of the conglomerate’s stock after buying an additional 596 shares during the period. Sigma Planning Corp’s holdings in General Electric were worth $3,096,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of GE. Valley Wealth Managers Inc. bought a new position in General Electric in the third quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new position in General Electric in the third quarter worth approximately $27,000. Hager Investment Management Services LLC bought a new position in General Electric in the fourth quarter worth approximately $27,000. Peterson Financial Group Inc. bought a new position in General Electric in the third quarter worth approximately $28,000. Finally, Sugar Maple Asset Management LLC bought a new position in General Electric in the fourth quarter worth approximately $29,000. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Down 4.2 %

GE stock opened at $199.90 on Friday. The company has a market cap of $214.55 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 2.59 and a beta of 1.22. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a 12 month low of $119.88 and a 12 month high of $212.19. The firm has a 50-day moving average of $186.57 and a two-hundred day moving average of $180.85.

General Electric (NYSE:GE) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 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%. As a group, analysts forecast that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.72%. General Electric’s dividend payout ratio is 18.70%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on GE shares. Redburn Atlantic started coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target on the stock. Bank of America boosted their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. JPMorgan Chase & Co. boosted their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Northcoast Research started coverage on shares of General Electric in a report on Tuesday, January 7th. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $211.31.

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.