Plancorp LLC Decreases Stock Position in General Electric (NYSE:GE)

Plancorp LLC cut its position in General Electric (NYSE:GE) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,819 shares of the conglomerate’s stock after selling 1,321 shares during the period. Plancorp LLC’s holdings in General Electric were worth $1,805,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Mizuho Securities USA LLC increased its holdings in shares of General Electric by 45.9% in the fourth quarter. Mizuho Securities USA LLC now owns 102,577 shares of the conglomerate’s stock valued at $17,109,000 after purchasing an additional 32,265 shares during the period. Quantbot Technologies LP acquired a new position in shares of General Electric in the fourth quarter valued at about $6,095,000. Millstone Evans Group LLC acquired a new position in shares of General Electric in the fourth quarter valued at about $868,000. 1620 Investment Advisors Inc. acquired a new position in shares of General Electric in the fourth quarter valued at about $58,000. Finally, Wayfinding Financial LLC acquired a new position in shares of General Electric in the fourth quarter valued at about $205,000. 74.77% of the stock is owned by institutional investors and hedge funds.

General Electric Stock Performance

Shares of General Electric stock opened at $203.99 on Friday. General Electric has a one year low of $133.99 and a one year high of $212.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The company has a market cap of $218.94 billion, a price-to-earnings ratio of 34.06, a PEG ratio of 2.59 and a beta of 1.19. The business’s 50 day moving average price is $198.63 and its 200 day moving average price is $184.87.

General Electric (NYSE:GE) last posted its earnings results 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 return on equity of 22.19% and a net margin of 14.31%. On average, research analysts predict that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The company 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. The ex-dividend date of this dividend is Monday, March 10th. 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 0.71%. General Electric’s payout ratio is presently 24.04%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wells Fargo & Company increased their price objective on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Redburn Atlantic assumed coverage on General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective on the stock. UBS Group raised their price objective on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Finally, Citigroup raised their target price on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.