General Electric (NYSE:GE) Shares Sold by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. lessened its holdings in shares of General Electric (NYSE:GE) by 27.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,876 shares of the conglomerate’s stock after selling 1,463 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in General Electric were worth $646,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC boosted its position in shares of General Electric by 117.7% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 270 shares of the conglomerate’s stock valued at $51,000 after acquiring an additional 146 shares during the last quarter. United Advisor Group LLC purchased a new stake in General Electric in the 3rd quarter valued at about $304,000. Pittenger & Anderson Inc. raised its holdings in General Electric by 615.1% in the 3rd quarter. Pittenger & Anderson Inc. now owns 1,044 shares of the conglomerate’s stock valued at $197,000 after buying an additional 898 shares during the period. Crestwood Advisors Group LLC raised its holdings in General Electric by 19.5% in the 3rd quarter. Crestwood Advisors Group LLC now owns 12,905 shares of the conglomerate’s stock valued at $2,434,000 after buying an additional 2,106 shares during the period. Finally, Marks Group Wealth Management Inc raised its holdings in General Electric by 221.5% in the 3rd quarter. Marks Group Wealth Management Inc now owns 11,933 shares of the conglomerate’s stock valued at $2,250,000 after buying an additional 8,221 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Trading Up 1.9 %

NYSE:GE opened at $202.61 on Thursday. The stock has a fifty day moving average price of $192.06 and a two-hundred day moving average price of $182.77. The stock has a market capitalization of $217.46 billion, a price-to-earnings ratio of 33.83, a PEG ratio of 2.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a 1 year low of $126.78 and a 1 year high of $212.19.

General Electric (NYSE:GE) last announced its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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%. As a group, sell-side analysts anticipate that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.71%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio (DPR) is presently 24.04%.

Analyst Ratings Changes

A number of analysts have issued reports on GE shares. Wells Fargo & Company boosted 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. Northcoast Research assumed coverage on General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating for the company. Bank of America upped their price target on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. upped their price target on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Redburn Atlantic began coverage on General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective for the company. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, General Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.31.

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.