Sage Mountain Advisors LLC Has $808,000 Holdings in General Electric (NYSE:GE)

Sage Mountain Advisors LLC increased its position in shares of General Electric (NYSE:GE) by 10.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,842 shares of the conglomerate’s stock after buying an additional 451 shares during the period. Sage Mountain Advisors LLC’s holdings in General Electric were worth $808,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on GE. Northcoast Research assumed coverage on General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. Redburn Atlantic began coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Bank of America upped their price target on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Citigroup increased their price target on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a report on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $211.31.

General Electric Price Performance

General Electric stock opened at $191.89 on Wednesday. The firm has a market cap of $205.95 billion, a PE ratio of 32.03, a price-to-earnings-growth 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. The stock’s fifty day moving average price is $193.99 and its two-hundred day moving average price is $183.50. General Electric has a one year low of $131.14 and a one year high of $212.19.

General Electric (NYSE:GE) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 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%. As a group, research analysts expect that General Electric will post 5.4 EPS 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 issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Monday, March 10th. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is 24.04%.

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.