General Electric (NYSE:GE) Shares Acquired by Hemington Wealth Management

Hemington Wealth Management increased its stake in General Electric (NYSE:GE) by 18.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 703 shares of the conglomerate’s stock after purchasing an additional 110 shares during the quarter. Hemington Wealth Management’s holdings in General Electric were worth $117,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Creative Planning grew its stake in General Electric by 9.0% in the third quarter. Creative Planning now owns 196,581 shares of the conglomerate’s stock worth $37,071,000 after purchasing an additional 16,258 shares in the last quarter. Magnus Financial Group LLC lifted its holdings in General Electric by 46.9% in the third quarter. Magnus Financial Group LLC now owns 3,383 shares of the conglomerate’s stock worth $638,000 after purchasing an additional 1,080 shares during the period. Petredis Investment Advisors LLC lifted its stake in shares of General Electric by 0.4% in the 3rd quarter. Petredis Investment Advisors LLC now owns 54,032 shares of the conglomerate’s stock worth $10,189,000 after acquiring an additional 214 shares during the period. CFM Wealth Partners LLC acquired a new stake in shares of General Electric in the third quarter valued at $205,000. Finally, Opal Wealth Advisors LLC lifted its position in shares of General Electric by 11.1% during the 3rd quarter. Opal Wealth Advisors LLC now owns 1,197 shares of the conglomerate’s stock valued at $226,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Performance

Shares of GE stock opened at $209.71 on Thursday. The business’s 50 day simple moving average is $180.75 and its 200 day simple moving average is $178.56. 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 one year low of $110.95 and a one year high of $211.42. The stock has a market capitalization of $225.08 billion, a PE ratio of 35.01, a PEG ratio of 2.56 and a beta of 1.22.

General Electric (NYSE:GE) last issued its quarterly 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 net margin of 14.31% and a return on equity of 22.19%. As a group, research analysts forecast that General Electric will post 5.39 earnings per share for the current year.

General Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Friday, December 27th. General Electric’s dividend payout ratio (DPR) is 18.70%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. 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 report on Friday, January 24th. Northcoast Research started coverage on General Electric in a report on Tuesday, January 7th. They set a “neutral” rating for the company. Citigroup boosted their price target on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a report on Monday, January 27th. UBS Group increased their price objective on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, General Electric currently has a consensus rating of “Moderate Buy” and an average target price of $208.73.

Insider Buying and Selling at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.66% of the company’s stock.

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.