EverSource Wealth Advisors LLC Boosts Stock Holdings in General Electric (NYSE:GE)

EverSource Wealth Advisors LLC boosted its position in shares of General Electric (NYSE:GE) by 31.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,908 shares of the conglomerate’s stock after buying an additional 1,898 shares during the period. EverSource Wealth Advisors LLC’s holdings in General Electric were worth $1,319,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Atria Investments Inc grew its position in shares of General Electric by 15.7% in the third quarter. Atria Investments Inc now owns 23,407 shares of the conglomerate’s stock valued at $4,414,000 after purchasing an additional 3,179 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of General Electric in the third quarter valued at approximately $165,000. Chartwell Investment Partners LLC grew its position in shares of General Electric by 4.4% in the third quarter. Chartwell Investment Partners LLC now owns 18,247 shares of the conglomerate’s stock valued at $3,441,000 after purchasing an additional 775 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its position in shares of General Electric by 14.2% in the third quarter. Nations Financial Group Inc. IA ADV now owns 2,305 shares of the conglomerate’s stock valued at $435,000 after purchasing an additional 287 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its position in shares of General Electric by 6.1% in the third quarter. Apollon Wealth Management LLC now owns 20,513 shares of the conglomerate’s stock valued at $3,868,000 after purchasing an additional 1,182 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GE. Bank of America upped their price target on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. UBS Group upped their price target on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Wells Fargo & Company upped their price objective on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, General Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Stock Up 1.8 %

NYSE:GE opened at $195.21 on Thursday. 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 stock’s fifty day moving average is $194.56 and its two-hundred day moving average is $183.58. General Electric has a 52 week low of $131.91 and a 52 week high of $212.19. The stock has a market capitalization of $209.52 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Research analysts anticipate that General Electric will post 5.4 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. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Monday, March 10th. General Electric’s dividend payout ratio (DPR) is presently 24.04%.

General Electric 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.