Princeton Capital Management LLC Boosts Holdings in General Electric (NYSE:GE)

Princeton Capital Management LLC boosted its position in shares of General Electric (NYSE:GE) by 1.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 14,567 shares of the conglomerate’s stock after purchasing an additional 252 shares during the quarter. General Electric comprises about 0.8% of Princeton Capital Management LLC’s holdings, making the stock its 25th biggest holding. Princeton Capital Management LLC’s holdings in General Electric were worth $2,430,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of General Electric during the third quarter valued at approximately $30,000. Hager Investment Management Services LLC bought a new position in General Electric in the 4th quarter valued at approximately $27,000. Sugar Maple Asset Management LLC purchased a new stake in General Electric during the 4th quarter valued at $29,000. CBIZ Investment Advisory Services LLC bought a new stake in shares of General Electric in the 4th quarter worth $29,000. Finally, Picton Mahoney Asset Management raised its stake in shares of General Electric by 62.4% in the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 68 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

General Electric Stock Performance

NYSE GE opened at $210.56 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. General Electric has a twelve month low of $133.99 and a twelve month high of $212.19. The business has a 50-day moving average price of $199.41 and a 200-day moving average price of $185.47. The firm has a market cap of $225.99 billion, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19.

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

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

GE has been the topic of several research reports. Bank of America raised their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. increased their target price on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Northcoast Research began coverage on General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company boosted their target price on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.31.

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.