Strategic Advocates LLC Buys 237 Shares of General Electric (NYSE:GE)

Strategic Advocates LLC increased its position in General Electric (NYSE:GE) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,433 shares of the conglomerate’s stock after acquiring an additional 237 shares during the quarter. General Electric comprises about 0.9% of Strategic Advocates LLC’s holdings, making the stock its 22nd biggest holding. Strategic Advocates LLC’s holdings in General Electric were worth $2,574,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC purchased a new stake in General Electric in the second quarter valued at approximately $811,000. Sunbelt Securities Inc. lifted its holdings in shares of General Electric by 11.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 1,193 shares of the conglomerate’s stock worth $190,000 after acquiring an additional 123 shares during the last quarter. Truist Financial Corp increased its stake in General Electric by 10.6% in the second quarter. Truist Financial Corp now owns 220,867 shares of the conglomerate’s stock valued at $35,111,000 after acquiring an additional 21,127 shares during the last quarter. Advisory Alpha LLC raised its position in General Electric by 11.3% during the second quarter. Advisory Alpha LLC now owns 1,779 shares of the conglomerate’s stock valued at $283,000 after purchasing an additional 181 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of General Electric in the 2nd quarter worth about $17,179,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the transaction, the senior vice president now owns 13,289 shares of the company’s stock, valued at $2,407,036.57. This represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

General Electric Trading Up 3.4 %

Shares of General Electric stock opened at $205.89 on Friday. The stock has a market cap of $222.83 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 2.48 and a beta of 1.19. General Electric has a 1 year low of $105.70 and a 1 year high of $207.65. The firm has a fifty day moving average price of $176.42 and a 200 day moving average price of $175.79. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

General Electric (NYSE:GE) last released its 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 net margin of 14.31% and a return on equity of 22.19%. Equities research analysts predict that General Electric will post 5.39 earnings per share for the current year.

General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 27th were issued a $0.28 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.54%. General Electric’s dividend payout ratio (DPR) is currently 18.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented 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. Bank of America raised their price objective on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft lowered their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company raised their price target on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $208.73.

General Electric 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.