Ascent Wealth Partners LLC Has $350,000 Stock Holdings in General Electric (NYSE:GE)

Ascent Wealth Partners LLC raised its stake in General Electric (NYSE:GE) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,098 shares of the conglomerate’s stock after buying an additional 128 shares during the quarter. Ascent Wealth Partners LLC’s holdings in General Electric were worth $350,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. acquired a new position in General Electric in the 3rd quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new position in General Electric in the 3rd quarter valued at approximately $27,000. Hager Investment Management Services LLC acquired a new position in shares of General Electric during the 4th quarter worth $27,000. Peterson Financial Group Inc. acquired a new position in shares of General Electric during the 3rd quarter worth $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of General Electric during the 4th quarter worth $29,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analysts Set New Price Targets

GE has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target 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. Wells Fargo & Company increased their price target on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. UBS Group increased their price target on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Northcoast Research initiated coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating on the stock. Finally, Redburn Atlantic initiated coverage on shares of General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target on the stock. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, General Electric currently has an average rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Price Performance

Shares of General Electric stock opened at $199.90 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. General Electric has a fifty-two week low of $119.88 and a fifty-two week high of $212.19. The firm has a fifty day moving average price of $186.57 and a two-hundred day moving average price of $180.85. The company has a market cap of $214.55 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22.

General Electric (NYSE:GE) last announced its quarterly earnings data 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%. Analysts expect that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 0.72%. General Electric’s dividend payout ratio is currently 18.70%.

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.