Level Four Advisory Services LLC Has $1.17 Million Stock Position in General Electric (NYSE:GE)

Level Four Advisory Services LLC decreased its holdings in General Electric (NYSE:GE) by 1.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,036 shares of the conglomerate’s stock after selling 87 shares during the period. Level Four Advisory Services LLC’s holdings in General Electric were worth $1,174,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Circle Wealth Management LLC bought a new position in shares of General Electric in the third quarter worth about $226,000. Kolinsky Wealth Management LLC bought a new position in General Electric in the 3rd quarter valued at approximately $309,000. L.M. Kohn & Company acquired a new stake in General Electric in the third quarter valued at approximately $255,000. Acropolis Investment Management LLC bought a new stake in shares of General Electric during the third quarter worth $274,000. Finally, NCM Capital Management LLC bought a new stake in shares of General Electric during the third quarter worth $201,000. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

GE has been the topic of several recent research reports. UBS Group raised their price objective on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. boosted their price target on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Citigroup upped their price objective on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Bank of America lifted their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Redburn Atlantic assumed coverage on shares of General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target for the company. 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 currently has a consensus rating of “Moderate Buy” and an average price target of $211.31.

General Electric Stock Down 3.0 %

Shares of NYSE:GE opened at $199.66 on Friday. General Electric has a 1 year low of $133.99 and a 1 year high of $214.21. 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 business’s 50-day moving average is $201.52 and its 200-day moving average is $186.50. The company has a market capitalization of $214.29 billion, a price-to-earnings ratio of 33.33, a P/E/G ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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%. Equities research analysts predict that General Electric will post 5.4 earnings per share 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 issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. This is a boost from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. 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.