Exencial Wealth Advisors LLC Buys 279 Shares of General Electric (NYSE:GE)

Exencial Wealth Advisors LLC lifted its stake in shares of General Electric (NYSE:GEFree Report) by 14.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,243 shares of the conglomerate’s stock after purchasing an additional 279 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in General Electric were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Northern Trust Corp grew its holdings in General Electric by 4.0% during the 3rd quarter. Northern Trust Corp now owns 10,588,433 shares of the conglomerate’s stock worth $1,170,551,000 after acquiring an additional 410,061 shares during the last quarter. Norges Bank bought a new stake in General Electric during the 4th quarter worth approximately $1,193,159,000. Morgan Stanley grew its holdings in General Electric by 5.1% during the 3rd quarter. Morgan Stanley now owns 8,955,511 shares of the conglomerate’s stock worth $990,032,000 after acquiring an additional 434,736 shares during the last quarter. Brown Advisory Inc. grew its holdings in General Electric by 62.3% during the 4th quarter. Brown Advisory Inc. now owns 4,881,752 shares of the conglomerate’s stock worth $623,058,000 after acquiring an additional 1,873,327 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in General Electric by 8.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,184,772 shares of the conglomerate’s stock worth $534,123,000 after acquiring an additional 318,245 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other General Electric news, SVP Russell Stokes sold 45,309 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the transaction, the senior vice president now owns 112,958 shares in the company, valued at $18,391,821.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.66% of the company’s stock.

General Electric Stock Performance

GE opened at $161.92 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63. The company’s fifty day moving average price is $160.15 and its two-hundred day moving average price is $147.09. General Electric has a 1-year low of $82.11 and a 1-year high of $170.80. The company has a market cap of $177.24 billion, a price-to-earnings ratio of 53.09, a PEG ratio of 1.79 and a beta of 1.23.

General Electric (NYSE:GEGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The firm had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.25 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. On average, analysts expect that General Electric will post 3.98 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were issued a dividend of $0.28 per share. This is an increase from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, April 12th. This represents a $1.12 annualized dividend and a yield of 0.69%. General Electric’s dividend payout ratio is presently 36.72%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GE. JPMorgan Chase & Co. boosted their target price on shares of General Electric from $148.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, May 13th. Royal Bank of Canada boosted their price target on shares of General Electric from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Vertical Research assumed coverage on shares of General Electric in a research report on Thursday, April 4th. They issued a “buy” rating and a $160.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of General Electric from $165.00 to $192.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Finally, Barclays dropped their price target on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.00.

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General Electric Profile

(Free Report)

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.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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