Dearborn Partners LLC Invests $217,000 in General Electric (NYSE:GE)

Dearborn Partners LLC bought a new stake in shares of General Electric (NYSE:GE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,301 shares of the conglomerate’s stock, valued at approximately $217,000.

Other large investors also recently added to or reduced their stakes in the company. Atria Investments Inc increased its holdings in shares of General Electric by 15.7% in the third quarter. Atria Investments Inc now owns 23,407 shares of the conglomerate’s stock worth $4,414,000 after buying an additional 3,179 shares during the period. Axxcess Wealth Management LLC increased its stake in General Electric by 41.8% in the 3rd quarter. Axxcess Wealth Management LLC now owns 12,443 shares of the conglomerate’s stock worth $2,347,000 after purchasing an additional 3,671 shares during the period. Legacy Capital Wealth Partners LLC purchased a new position in General Electric in the 3rd quarter worth approximately $210,000. Tyler Stone Wealth Management boosted its stake in shares of General Electric by 116.8% during the third quarter. Tyler Stone Wealth Management now owns 1,316 shares of the conglomerate’s stock valued at $248,000 after purchasing an additional 709 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of General Electric during the third quarter valued at approximately $165,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GE shares. UBS Group upped their price target 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. Redburn Atlantic began coverage on shares of General Electric in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price for the company. Wells Fargo & Company raised their target price on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their price target on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Finally, Citigroup lifted their price objective on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $211.31.

General Electric Trading Down 0.1 %

Shares of GE opened at $191.89 on Wednesday. The firm has a market capitalization of $205.95 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 2.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a 1-year low of $131.14 and a 1-year high of $212.19. The company has a 50-day moving average of $193.99 and a 200 day moving average of $183.50.

General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, research analysts expect that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a yield of 0.75%. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio (DPR) is presently 24.04%.

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.