General Electric (NYSE:GE) Shares Purchased by Diversified Enterprises LLC

Diversified Enterprises LLC raised its position in General Electric (NYSE:GE) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,825 shares of the conglomerate’s stock after purchasing an additional 140 shares during the quarter. Diversified Enterprises LLC’s holdings in General Electric were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. increased its stake in shares of General Electric by 14.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 4,013 shares of the conglomerate’s stock valued at $757,000 after acquiring an additional 513 shares during the period. Zions Bancorporation N.A. increased its stake in shares of General Electric by 23.7% during the third quarter. Zions Bancorporation N.A. now owns 2,891 shares of the conglomerate’s stock valued at $545,000 after acquiring an additional 553 shares during the period. CIBC Asset Management Inc increased its stake in shares of General Electric by 7.5% during the third quarter. CIBC Asset Management Inc now owns 158,286 shares of the conglomerate’s stock valued at $29,850,000 after acquiring an additional 11,057 shares during the period. Valley Wealth Managers Inc. acquired a new position in shares of General Electric during the third quarter valued at approximately $25,000. Finally, KCM Investment Advisors LLC increased its stake in shares of General Electric by 1.8% during the third quarter. KCM Investment Advisors LLC now owns 4,261 shares of the conglomerate’s stock valued at $804,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on GE. Redburn Atlantic began coverage on shares of General Electric in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price for the company. Wells Fargo & Company raised their target price on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Bank of America raised their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. raised their target price on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, UBS Group raised their target price on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $211.31.

General Electric Stock Up 2.6 %

GE stock opened at $197.39 on Friday. General Electric has a 12-month low of $131.91 and a 12-month high of $212.19. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a market cap of $211.85 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 2.59 and a beta of 1.19. The company has a 50 day moving average of $195.54 and a two-hundred day moving average of $183.91.

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

General Electric Increases Dividend

The firm 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. The ex-dividend date is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.73%. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio (DPR) 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.