General Electric (NYSE:GE) Shares Purchased by Gratus Wealth Advisors LLC

Gratus Wealth Advisors LLC grew its holdings in General Electric (NYSE:GE) by 38.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,190 shares of the conglomerate’s stock after buying an additional 2,000 shares during the period. Gratus Wealth Advisors LLC’s holdings in General Electric were worth $1,199,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. New Age Alpha Advisors LLC lifted its stake in shares of General Electric by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 84 shares during the period. Hager Investment Management Services LLC acquired a new stake in General Electric in the fourth quarter valued at about $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in General Electric in the 4th quarter valued at approximately $28,000. Sugar Maple Asset Management LLC acquired a new position in General Electric during the 4th quarter worth approximately $29,000. Finally, CBIZ Investment Advisory Services LLC purchased a new position in shares of General Electric during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GE. Redburn Atlantic initiated coverage on General Electric in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target on the stock. Wells Fargo & Company upped their price target on shares of General Electric from $203.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday. Citigroup reduced their price objective on shares of General Electric from $235.00 to $227.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Finally, UBS Group lifted their price target on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.33.

General Electric Trading Down 1.7 %

Shares of GE stock opened at $182.60 on Thursday. The company has a market capitalization of $195.98 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 2.59 and a beta of 1.04. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $197.13 and a 200 day moving average price of $186.58. General Electric has a twelve month low of $146.78 and a twelve month high of $214.21.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Research analysts forecast that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently disclosed 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. This is a boost from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.79%. General Electric’s dividend payout ratio (DPR) is 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.