RFG Bristol Wealth Advisors LLC Purchases New Shares in General Electric (NYSE:GE)

RFG Bristol Wealth Advisors LLC acquired a new position in shares of General Electric (NYSE:GE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,343 shares of the conglomerate’s stock, valued at approximately $224,000.

A number of other hedge funds have also recently bought and sold shares of GE. Meeder Advisory Services Inc. grew its holdings in shares of General Electric by 0.9% in the fourth quarter. Meeder Advisory Services Inc. now owns 21,653 shares of the conglomerate’s stock valued at $3,611,000 after acquiring an additional 187 shares in the last quarter. May Hill Capital LLC bought a new position in General Electric in the 4th quarter valued at $289,000. Headlands Technologies LLC raised its stake in shares of General Electric by 22.0% during the 4th quarter. Headlands Technologies LLC now owns 9,343 shares of the conglomerate’s stock worth $1,558,000 after purchasing an additional 1,682 shares during the period. Invenio Wealth Partners LLC boosted its holdings in shares of General Electric by 3.6% in the 4th quarter. Invenio Wealth Partners LLC now owns 2,126 shares of the conglomerate’s stock worth $355,000 after buying an additional 74 shares during the last quarter. Finally, Elwood Capital Partners LP purchased a new position in shares of General Electric in the 4th quarter worth about $4,900,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GE has been the topic of several research reports. Citigroup lifted their price objective on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Redburn Atlantic began coverage on General Electric in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price on the stock. Bank of America increased their price target on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, UBS Group boosted their price objective on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Trading Down 2.0 %

Shares of GE stock opened at $199.80 on Thursday. The company has a market capitalization of $214.44 billion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. General Electric has a 52-week low of $138.01 and a 52-week high of $214.21. The business’s fifty day moving average is $202.43 and its 200 day moving average is $187.12. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

General Electric (NYSE:GE) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating 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, equities research analysts anticipate 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. Stockholders 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 annualized dividend and a dividend yield of 0.72%. This is a boost from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio (DPR) is 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.