Whipplewood Advisors LLC Invests $352,000 in General Electric (NYSE:GE)

Whipplewood Advisors LLC acquired a new stake in shares of General Electric (NYSE:GE) during the fourth quarter, HoldingsChannel reports. The firm acquired 2,108 shares of the conglomerate’s stock, valued at approximately $352,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Valley Wealth Managers Inc. bought a new position in General Electric during the 3rd quarter valued at $25,000. Hager Investment Management Services LLC bought a new stake in shares of General Electric in the 4th quarter worth $27,000. Peterson Financial Group Inc. acquired a new stake in shares of General Electric in the third quarter valued at $28,000. Sugar Maple Asset Management LLC bought a new position in General Electric during the fourth quarter valued at about $29,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in General Electric during the third quarter worth about $30,000. 74.77% of the stock is currently owned by institutional investors.

General Electric Trading Up 1.2 %

NYSE:GE opened at $201.56 on Thursday. The stock has a market cap of $216.34 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 2.59 and a beta of 1.21. General Electric has a fifty-two week low of $122.48 and a fifty-two week high of $212.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The stock’s 50-day moving average is $188.73 and its two-hundred day moving average is $181.58.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 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 research analysts forecast that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. 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 0.71%. General Electric’s payout ratio is currently 24.04%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Redburn Atlantic initiated coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target for the company. Northcoast Research started coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating for the company. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. Bank of America increased their price objective on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Citigroup raised their price objective on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $211.31.

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.