Fidelis Capital Partners LLC Grows Stake in General Electric (NYSE:GE)

Fidelis Capital Partners LLC lifted its stake in shares of General Electric (NYSE:GE) by 46.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,262 shares of the conglomerate’s stock after buying an additional 2,608 shares during the period. Fidelis Capital Partners LLC’s holdings in General Electric were worth $1,378,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Investment Partners LTD. raised its position in shares of General Electric by 5.0% in the fourth quarter. Investment Partners LTD. now owns 1,570 shares of the conglomerate’s stock worth $262,000 after acquiring an additional 75 shares during the period. Sonoma Private Wealth LLC increased its stake in shares of General Electric by 26.0% during the fourth quarter. Sonoma Private Wealth LLC now owns 2,241 shares of the conglomerate’s stock worth $374,000 after purchasing an additional 462 shares in the last quarter. Plato Investment Management Ltd grew its stake in General Electric by 7.4% during the 4th quarter. Plato Investment Management Ltd now owns 32,194 shares of the conglomerate’s stock valued at $5,389,000 after acquiring an additional 2,209 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in General Electric during the 4th quarter valued at about $1,758,000. Finally, Jones Financial Companies Lllp grew its stake in General Electric by 41.9% during the 4th quarter. Jones Financial Companies Lllp now owns 36,576 shares of the conglomerate’s stock valued at $6,101,000 after acquiring an additional 10,805 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GE has been the topic of several recent analyst reports. Redburn Atlantic started coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Northcoast Research started coverage on shares of General Electric in a report on Tuesday, January 7th. They set a “neutral” rating on the stock. UBS Group increased their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Stock Down 2.4 %

General Electric stock opened at $201.91 on Tuesday. The company has a 50-day simple moving average of $190.89 and a 200-day simple moving average of $182.42. The firm has a market capitalization of $216.71 billion, a P/E ratio of 33.71, a P/E/G ratio of 2.59 and a beta of 1.22. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a one year low of $125.26 and a one year high of $212.19.

General Electric (NYSE:GE) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. As a group, equities analysts expect that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.71%. General Electric’s dividend payout ratio is currently 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.