General Electric (NYSE:GE) Shares Purchased by 44 Wealth Management LLC

44 Wealth Management LLC raised its stake in shares of General Electric (NYSE:GE) by 8.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,923 shares of the conglomerate’s stock after purchasing an additional 439 shares during the quarter. 44 Wealth Management LLC’s holdings in General Electric were worth $988,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Valley Wealth Managers Inc. acquired a new stake in General Electric during the third quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new stake in General Electric during the third quarter worth about $27,000. Hager Investment Management Services LLC acquired a new stake in General Electric during the fourth quarter worth about $27,000. Peterson Financial Group Inc. acquired a new stake in shares of General Electric in the third quarter worth $28,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of General Electric in the fourth quarter worth $29,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GE shares. JPMorgan Chase & Co. increased their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Citigroup increased their target price on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Northcoast Research began coverage on General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating for the company. Finally, Bank of America increased 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. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $211.31.

General Electric Stock Down 4.2 %

GE stock opened at $199.90 on Friday. The firm has a market cap of $214.55 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 2.62 and a beta of 1.22. General Electric has a 1-year low of $119.88 and a 1-year high of $212.19. The firm has a fifty day moving average price of $186.57 and a two-hundred day moving average price of $180.72. 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 data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating 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%. Research analysts predict that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a $0.36 dividend. This is an increase from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. General Electric’s payout ratio is presently 24.04%.

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.