1,242 Shares in General Electric (NYSE:GE) Bought by Cetera Trust Company N.A

Cetera Trust Company N.A acquired a new position in shares of General Electric (NYSE:GE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,242 shares of the conglomerate’s stock, valued at approximately $159,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GE. Halpern Financial Inc. grew its position in shares of General Electric by 968.4% in the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after buying an additional 184 shares during the last quarter. Criterion Capital Advisors LLC bought a new stake in shares of General Electric in the 4th quarter valued at about $27,000. CGC Financial Services LLC grew its position in shares of General Electric by 90.2% in the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after buying an additional 110 shares during the last quarter. Capital Analysts LLC grew its position in shares of General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after buying an additional 87 shares during the last quarter. Finally, Macroview Investment Management LLC grew its position in shares of General Electric by 43.4% in the 3rd quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate’s stock valued at $35,000 after buying an additional 96 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Up 1.4 %

Shares of NYSE:GE opened at $150.19 on Tuesday. The business’s 50 day simple moving average is $159.52 and its two-hundred day simple moving average is $135.03. The firm has a market cap of $164.20 billion, a P/E ratio of 17.94, a PEG ratio of 2.92 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18. General Electric has a 52-week low of $76.87 and a 52-week high of $158.68.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.13. The business had revenue of $19.42 billion for the quarter, compared to analyst estimates of $17.27 billion. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 earnings per share. As a group, research analysts forecast that General Electric will post 3.76 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, April 15th will be issued a $0.28 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.12 annualized dividend and a yield of 0.75%. This is a positive change from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio is presently 13.38%.

Analyst Ratings Changes

A number of research firms have commented on GE. Vertical Research started coverage on General Electric in a research report on Thursday, April 4th. They issued a “buy” rating and a $160.00 price target on the stock. StockNews.com started coverage on General Electric in a research report on Sunday. They set a “hold” rating on the stock. Bank of America cut their target price on General Electric from $175.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. Oppenheimer restated a “market perform” rating on shares of General Electric in a research report on Tuesday, March 5th. Finally, TD Cowen upgraded General Electric from a “hold” rating to a “buy” rating and upped their target price for the company from $175.00 to $180.00 in a research report on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $160.07.

Insider Activity

In other news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the transaction, the senior vice president now owns 56,284 shares in the company, valued at $8,153,863.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the transaction, the senior vice president now owns 56,284 shares in the company, valued at $8,153,863.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael J. Holston sold 13,601 shares of the firm’s stock in a transaction that occurred on 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 owns 48,339 shares in the company, valued at approximately $6,552,351.45. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

About General Electric

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.