Capital Analysts LLC Acquires 87 Shares of General Electric (NYSE:GE)

Capital Analysts LLC lifted its holdings in shares of General Electric (NYSE:GE) by 55.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 243 shares of the conglomerate’s stock after purchasing an additional 87 shares during the period. Capital Analysts LLC’s holdings in General Electric were worth $31,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Keel Point LLC grew its holdings in shares of General Electric by 9.3% during the 4th quarter. Keel Point LLC now owns 2,810 shares of the conglomerate’s stock valued at $359,000 after purchasing an additional 239 shares during the last quarter. Ballast Advisors LLC grew its holdings in shares of General Electric by 4.8% during the 4th quarter. Ballast Advisors LLC now owns 1,994 shares of the conglomerate’s stock valued at $254,000 after purchasing an additional 91 shares during the last quarter. Cullen Investment Group LTD. bought a new position in shares of General Electric during the 4th quarter valued at $607,000. Waldron Private Wealth LLC grew its holdings in shares of General Electric by 8.5% during the 4th quarter. Waldron Private Wealth LLC now owns 6,975 shares of the conglomerate’s stock valued at $890,000 after purchasing an additional 545 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of General Electric by 1.5% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 24,098 shares of the conglomerate’s stock valued at $3,076,000 after purchasing an additional 345 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

General Electric Trading Down 3.2 %

Shares of GE opened at $148.09 on Friday. The firm’s 50-day moving average price is $159.32 and its 200-day moving average price is $134.37. The firm has a market capitalization of $161.90 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 3.05 and a beta of 1.29. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. General Electric has a 1-year low of $76.87 and a 1-year high of $158.68.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, January 23rd. The conglomerate reported $1.03 EPS for the quarter, topping the consensus estimate of $0.90 by $0.13. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The business had revenue of $19.42 billion for the quarter, compared to analyst estimates of $17.27 billion. During the same quarter in the previous year, the firm posted $1.24 earnings per share. General Electric’s quarterly revenue was up 15.4% on a year-over-year basis. Sell-side analysts anticipate that General Electric will post 3.78 EPS for the current year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, April 15th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, April 12th. This represents a $1.12 annualized dividend and a yield of 0.76%. This is a positive change from General Electric’s previous quarterly dividend of $0.08. General Electric’s payout ratio is presently 13.38%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GE shares. StockNews.com started coverage on shares of General Electric in a research report on Saturday, April 13th. They set a “hold” rating for the company. TheStreet raised shares of General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. TD Cowen raised shares of General Electric from a “hold” rating to a “buy” rating and increased their price target for the company from $175.00 to $180.00 in a research report on Tuesday, April 9th. Oppenheimer reissued a “market perform” rating on shares of General Electric in a research report on Tuesday, March 5th. Finally, Royal Bank of Canada dropped their price target on shares of General Electric from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, General Electric presently has an average rating of “Moderate Buy” and a consensus target price of $160.07.

Insider Buying and Selling

In related news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the sale, the senior vice president now owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other General Electric news, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the transaction, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the transaction, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

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.