General Electric (NYSE:GE) Holdings Raised by Family Legacy Inc.

Family Legacy Inc. lifted its stake in General Electric (NYSE:GE) by 3.7% in the fourth quarter, HoldingsChannel reports. The firm owned 14,010 shares of the conglomerate’s stock after purchasing an additional 500 shares during the period. Family Legacy Inc.’s holdings in General Electric were worth $2,422,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GE. New Age Alpha Advisors LLC boosted its holdings in shares of General Electric by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate’s stock worth $25,000 after buying an additional 84 shares during the period. Hager Investment Management Services LLC acquired a new position in General Electric in the 4th quarter worth approximately $27,000. Sugar Maple Asset Management LLC purchased a new position in General Electric during the 4th quarter worth approximately $29,000. CBIZ Investment Advisory Services LLC acquired a new stake in General Electric during the 4th quarter valued at $29,000. Finally, Picton Mahoney Asset Management lifted its holdings in shares of General Electric by 62.4% in the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on GE shares. Redburn Atlantic started coverage on General Electric in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target on the stock. Bank of America upped their target price on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. Northcoast Research started coverage on shares of General Electric in a report on Tuesday, January 7th. They set a “neutral” rating for the company. JPMorgan Chase & Co. upped their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price 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. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, General Electric currently has a consensus rating of “Moderate Buy” and an average price target of $211.31.

General Electric Stock Down 3.0 %

Shares of General Electric stock opened at $199.66 on Monday. The stock has a 50 day moving average price of $201.52 and a two-hundred day moving average price of $186.64. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. General Electric has a 12-month low of $133.99 and a 12-month high of $214.21. The stock has a market capitalization of $214.29 billion, a P/E ratio of 33.33, a PEG 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 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%. Equities analysts expect that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently declared 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. The ex-dividend date is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is currently 24.04%.

General Electric Company 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.