Kanawha Capital Management LLC Has $1.70 Million Position in General Electric (NYSE:GE)

Kanawha Capital Management LLC lowered its stake in shares of General Electric (NYSE:GE) by 0.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,201 shares of the conglomerate’s stock after selling 88 shares during the period. Kanawha Capital Management LLC’s holdings in General Electric were worth $1,701,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Toth Financial Advisory Corp bought a new stake in General Electric in the third quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new stake in General Electric in the third quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new stake in General Electric in the third quarter valued at about $27,000. Hager Investment Management Services LLC bought a new stake in General Electric in the fourth quarter valued at about $27,000. Finally, Peterson Financial Group Inc. bought a new stake in General Electric in the third quarter valued at about $28,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GE. Northcoast Research began coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating on the stock. UBS Group upped their price objective 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. Melius Research upped their price objective on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Citigroup upped their price objective on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $208.73.

Insider Transactions at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the business’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 sale, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.66% of the company’s stock.

General Electric Trading Down 0.6 %

Shares of NYSE GE opened at $208.35 on Friday. The company’s 50 day simple moving average is $181.29 and its 200 day simple moving average is $178.78. General Electric has a fifty-two week low of $113.88 and a fifty-two week high of $211.42. The firm has a market capitalization of $223.62 billion, a P/E ratio of 34.78, a P/E/G ratio of 2.56 and a beta of 1.22. 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 announced its quarterly 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 net margin of 14.31% and a return on equity of 22.19%. On average, analysts predict that General Electric will post 5.39 EPS for the current year.

General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were given a dividend of $0.28 per share. The ex-dividend date was Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.54%. General Electric’s dividend payout ratio is 18.70%.

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.