Criterion Capital Advisors LLC Makes New $27,000 Investment in General Electric (NYSE:GE)

Criterion Capital Advisors LLC bought a new position in shares of General Electric (NYSE:GE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 212 shares of the conglomerate’s stock, valued at approximately $27,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GE. Halpern Financial Inc. increased its holdings in General Electric by 968.4% in the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 184 shares during the last quarter. CGC Financial Services LLC increased its holdings in General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 110 shares during the last quarter. Capital Analysts LLC increased its holdings in General Electric by 55.8% in the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 87 shares during the last quarter. Global Wealth Management Investment Advisory Inc. increased its holdings in General Electric by 808.1% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 299 shares during the last quarter. Finally, Financial Freedom LLC bought a new stake in General Electric in the fourth quarter valued at about $32,000. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on GE. Wells Fargo & Company dropped their price objective on General Electric from $200.00 to $165.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. TheStreet upgraded General Electric from a “c+” rating to a “b+” rating in a report on Tuesday, January 23rd. The Goldman Sachs Group initiated coverage on General Electric in a report on Tuesday, April 9th. They issued a “buy” rating and a $190.00 price target for the company. TD Cowen upgraded General Electric from a “hold” rating to a “buy” rating and increased their price target for the stock from $175.00 to $180.00 in a report on Tuesday, April 9th. Finally, Vertical Research initiated coverage on General Electric in a report on Thursday, April 4th. They issued a “buy” rating and a $160.00 price target for the company. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.07.

General Electric Stock Performance

Shares of NYSE GE opened at $148.06 on Monday. The stock has a 50 day moving average price of $159.32 and a 200 day moving average price of $134.74. General Electric has a 52 week low of $76.87 and a 52 week high of $158.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18. The stock has a market capitalization of $161.87 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 2.92 and a beta of 1.29.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 EPS for the quarter, beating the consensus estimate of $0.90 by $0.13. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The firm had revenue of $19.42 billion during the quarter, compared to analysts’ expectations of $17.27 billion. During the same period in the prior year, the firm posted $1.24 earnings per share. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. Analysts predict that General Electric will post 3.76 earnings per share for the current fiscal year.

General Electric Increases Dividend

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

Insider Buying and Selling at General Electric

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the company’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 sale, 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 is available through this link. In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the company’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 sale, 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 is available through this link. Also, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total value of $1,843,615.55. Following 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.