First Bank & Trust Has $254,000 Stake in General Electric (NYSE:GE)

First Bank & Trust boosted its holdings in shares of General Electric (NYSE:GE) by 6.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,525 shares of the conglomerate’s stock after purchasing an additional 86 shares during the period. First Bank & Trust’s holdings in General Electric were worth $254,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GE. Valley Wealth Managers Inc. acquired a new stake in General Electric during the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new stake in General Electric during the 3rd quarter valued at $27,000. Hager Investment Management Services LLC acquired a new stake in General Electric during the 4th quarter valued at $27,000. Peterson Financial Group Inc. acquired a new stake in shares of General Electric in the 3rd quarter valued at $28,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of General Electric in the 4th quarter valued at $29,000. 74.77% of the stock is owned by institutional investors and hedge funds.

General Electric Stock Performance

GE stock opened at $208.93 on Friday. The business’s 50-day moving average price is $185.89 and its two-hundred day moving average price is $180.43. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The firm has a market cap of $224.24 billion, a PE ratio of 34.88, a P/E/G ratio of 2.61 and a beta of 1.22. General Electric has a 1-year low of $118.13 and a 1-year high of $212.19.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping 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%. As a group, research analysts forecast that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.69%. General Electric’s payout ratio is currently 18.70%.

Analyst Ratings Changes

GE has been the subject of several research reports. UBS Group lifted their target price on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Redburn Atlantic initiated coverage on General Electric in a research note on Tuesday. They issued a “buy” rating and a $250.00 target price for the company. Bank of America lifted their target price on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, General Electric has an average rating of “Moderate Buy” and an average price target of $211.31.

General Electric Company 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.