Csenge Advisory Group Sells 86 Shares of General Electric (NYSE:GE)

Csenge Advisory Group lessened its position in shares of General Electric (NYSE:GE) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,001 shares of the conglomerate’s stock after selling 86 shares during the period. Csenge Advisory Group’s holdings in General Electric were worth $1,501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Game Plan Financial Advisors LLC increased its holdings in General Electric by 10.5% during the 4th quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate’s stock worth $96,000 after acquiring an additional 55 shares during the period. WD Rutherford LLC grew its stake in General Electric by 7.0% in the 4th quarter. WD Rutherford LLC now owns 19,639 shares of the conglomerate’s stock worth $3,276,000 after buying an additional 1,278 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in General Electric in the 4th quarter worth approximately $228,000. Allworth Financial LP grew its stake in General Electric by 14.9% in the 4th quarter. Allworth Financial LP now owns 25,182 shares of the conglomerate’s stock worth $4,200,000 after buying an additional 3,273 shares in the last quarter. Finally, Principal Securities Inc. grew its stake in General Electric by 57.0% in the 4th quarter. Principal Securities Inc. now owns 17,093 shares of the conglomerate’s stock worth $2,851,000 after buying an additional 6,207 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

General Electric Trading Up 0.1 %

Shares of GE opened at $208.62 on Monday. The stock has a market capitalization of $223.91 billion, a P/E ratio of 34.83, a PEG ratio of 2.56 and a beta of 1.22. 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 firm has a fifty day simple moving average of $182.66 and a two-hundred day simple moving average of $179.33. General Electric has a twelve month low of $117.43 and a twelve month high of $211.42.

General Electric (NYSE:GE) last announced its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate 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 anticipate that General Electric will post 5.39 EPS for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a $0.36 dividend. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.69%. General Electric’s dividend payout ratio is 18.70%.

Analysts Set New Price Targets

A number of equities analysts have commented on GE shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Bank of America upped their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, UBS Group upped their price objective 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. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, General Electric presently has a consensus rating of “Moderate Buy” and an average target price of $208.73.

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.