Cape Investment Advisory Inc. Purchases 82 Shares of General Electric (NYSE:GE)

Cape Investment Advisory Inc. increased its position in shares of General Electric (NYSE:GE) by 7.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,204 shares of the conglomerate’s stock after buying an additional 82 shares during the period. Cape Investment Advisory Inc.’s holdings in General Electric were worth $201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Valley Wealth Managers Inc. bought a new position in shares of General Electric in the 3rd quarter worth about $25,000. Hager Investment Management Services LLC acquired a new stake in General Electric during the fourth quarter worth approximately $27,000. Peterson Financial Group Inc. acquired a new stake in General Electric during the third quarter worth approximately $28,000. Sugar Maple Asset Management LLC bought a new stake in General Electric in the fourth quarter worth approximately $29,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in General Electric in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

GE has been the subject of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. UBS Group lifted their price target on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Citigroup upped their price objective on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. raised their target price on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, Bank of America upped 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. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, General Electric has an average rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Stock Up 2.9 %

GE stock opened at $207.22 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The business has a 50 day moving average of $190.24 and a 200 day moving average of $182.10. General Electric has a twelve month low of $124.08 and a twelve month high of $212.19. The firm has a market cap of $222.40 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22.

General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS 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%. On average, research analysts forecast that General Electric will post 5.4 EPS for the current fiscal 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 given a $0.36 dividend. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.69%. General Electric’s payout ratio is 24.04%.

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.