Wealth Alliance Buys 560 Shares of General Electric (NYSE:GE)

Wealth Alliance boosted its stake in shares of General Electric (NYSE:GE) by 20.4% during the 4th quarter, HoldingsChannel reports. The fund owned 3,299 shares of the conglomerate’s stock after purchasing an additional 560 shares during the period. Wealth Alliance’s holdings in General Electric were worth $550,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Game Plan Financial Advisors LLC grew its position 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 purchasing an additional 55 shares during the period. Red Door Wealth Management LLC boosted its stake in shares of General Electric by 4.0% during the 4th quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate’s stock worth $241,000 after acquiring an additional 56 shares in the last quarter. Saxon Interests Inc. boosted its stake in shares of General Electric by 4.2% during the 4th quarter. Saxon Interests Inc. now owns 1,425 shares of the conglomerate’s stock worth $238,000 after acquiring an additional 57 shares in the last quarter. Old North State Wealth Management LLC boosted its stake in shares of General Electric by 3.0% during the 4th quarter. Old North State Wealth Management LLC now owns 1,981 shares of the conglomerate’s stock worth $331,000 after acquiring an additional 58 shares in the last quarter. Finally, Northeast Investment Management boosted its stake in shares of General Electric by 2.2% during the 4th quarter. Northeast Investment Management now owns 2,708 shares of the conglomerate’s stock worth $452,000 after acquiring an additional 59 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

General Electric Trading Down 0.7 %

GE opened at $208.93 on Friday. 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 company’s 50 day simple moving average is $185.89 and its two-hundred day simple moving average is $180.43. General Electric has a 1-year low of $118.13 and a 1-year high of $212.19. The firm has a market capitalization of $224.24 billion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 2.61 and a beta of 1.22.

General Electric (NYSE:GE) last released its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping 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%. Analysts expect that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GE shares. Northcoast Research started coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. increased their target price 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. Citigroup increased their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. UBS Group raised their price target 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. Finally, Redburn Atlantic started coverage on shares of General Electric in a research note on Tuesday. They issued a “buy” rating and a $250.00 price target on the stock. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.31.

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.