Aviso Wealth Management Boosts Holdings in General Electric (NYSE:GE)

Aviso Wealth Management raised its stake in shares of General Electric (NYSE:GE) by 295.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,173 shares of the conglomerate’s stock after buying an additional 8,348 shares during the quarter. General Electric comprises approximately 1.0% of Aviso Wealth Management’s holdings, making the stock its 23rd largest position. Aviso Wealth Management’s holdings in General Electric were worth $1,864,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in shares of General Electric during the 3rd quarter valued at approximately $30,000. Hager Investment Management Services LLC purchased a new stake in General Electric during the fourth quarter valued at $27,000. Sugar Maple Asset Management LLC bought a new position in General Electric during the fourth quarter valued at $29,000. CBIZ Investment Advisory Services LLC purchased a new position in shares of General Electric in the 4th quarter worth $29,000. Finally, Picton Mahoney Asset Management increased its holdings in shares of General Electric by 62.4% in the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock worth $30,000 after buying an additional 68 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

General Electric Stock Up 0.9 %

Shares of General Electric stock opened at $212.18 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a market cap of $227.73 billion, a P/E ratio of 35.42, a PEG ratio of 2.59 and a beta of 1.19. The firm’s 50 day moving average price is $200.12 and its 200-day moving average price is $185.83. General Electric has a 52-week low of $133.99 and a 52-week high of $212.76.

General Electric (NYSE:GE) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating 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, sell-side analysts predict that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a $0.36 dividend. The ex-dividend date is Monday, March 10th. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.68%. General Electric’s dividend payout ratio is currently 24.04%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GE. Northcoast Research began coverage on General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating on the stock. Bank of America boosted their target price on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted their price objective 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. Wells Fargo & Company increased their target price on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, UBS Group lifted their price target on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, General Electric presently has a consensus rating of “Moderate Buy” and an average target price 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.