Capital Performance Advisors LLP Acquires Shares of 2,061 General Electric (NYSE:GE)

Capital Performance Advisors LLP acquired a new stake in General Electric (NYSE:GE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,061 shares of the conglomerate’s stock, valued at approximately $389,000.

Several other large investors have also made changes to their positions in GE. Norden Group LLC purchased a new position in General Electric in the 1st quarter valued at about $234,000. Advisory Alpha LLC purchased a new position in General Electric in the 1st quarter worth approximately $281,000. Envestnet Portfolio Solutions Inc. increased its position in General Electric by 30.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 59,020 shares of the conglomerate’s stock worth $10,360,000 after purchasing an additional 13,603 shares during the last quarter. Empowered Funds LLC grew its position in General Electric by 4.8% in the first quarter. Empowered Funds LLC now owns 40,948 shares of the conglomerate’s stock worth $7,188,000 after acquiring an additional 1,871 shares during the period. Finally, SG Americas Securities LLC increased its stake in General Electric by 0.4% during the first quarter. SG Americas Securities LLC now owns 166,466 shares of the conglomerate’s stock worth $29,220,000 after acquiring an additional 589 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the transaction, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. UBS Group upped their target price on shares of General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Barclays increased their target price on General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. StockNews.com lowered shares of General Electric from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Citigroup increased their price target on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Melius Research boosted their price target on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.93.

General Electric Stock Performance

NYSE GE traded up $2.89 during trading on Friday, reaching $181.74. The company’s stock had a trading volume of 586,657 shares, compared to its average volume of 6,272,589. General Electric has a twelve month low of $90.34 and a twelve month high of $194.80. The firm has a market cap of $196.70 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 1.70 and a beta of 1.19. The business’s fifty day moving average price is $180.47 and its 200-day moving average price is $169.59. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The firm had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same period in the prior year, the business earned $0.82 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. As a group, analysts anticipate that General Electric will post 4.22 EPS for the current fiscal year.

General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, September 26th. General Electric’s dividend payout ratio (DPR) is presently 19.68%.

About General Electric

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.