Advisor OS LLC Increases Stake in General Electric (NYSE:GE)

Advisor OS LLC lifted its position in shares of General Electric (NYSE:GE) by 26.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,142 shares of the conglomerate’s stock after acquiring an additional 1,286 shares during the quarter. Advisor OS LLC’s holdings in General Electric were worth $1,024,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. acquired a new stake in shares of General Electric in the 3rd quarter valued at approximately $25,000. Hager Investment Management Services LLC acquired a new position in shares of General Electric during the 4th quarter worth $27,000. Peterson Financial Group Inc. purchased a new stake in General Electric in the 3rd quarter valued at approximately $28,000. Sugar Maple Asset Management LLC acquired a new stake in shares of General Electric during the 4th quarter worth about $29,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of General Electric in the third quarter valued at $30,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

General Electric Stock Performance

Shares of NYSE GE opened at $199.20 on Wednesday. General Electric has a 12-month low of $122.48 and a 12-month high of $212.19. The company has a market cap of $213.80 billion, a PE ratio of 33.25, a P/E/G ratio of 2.59 and a beta of 1.21. The stock has a 50 day simple moving average of $187.90 and a 200-day simple moving average of $181.44. 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 (NYSE:GE) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. On average, equities research analysts forecast that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is 24.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GE shares. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Wells Fargo & Company increased their target price on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Citigroup increased their price objective 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. Finally, UBS Group lifted their target price on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, General Electric currently has an average rating of “Moderate Buy” and an average target price of $211.31.

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.