General Electric (NYSE:GE) Shares Sold by NTV Asset Management LLC

NTV Asset Management LLC reduced its position in shares of General Electric (NYSE:GE) by 14.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,304 shares of the conglomerate’s stock after selling 1,249 shares during the period. NTV Asset Management LLC’s holdings in General Electric were worth $932,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Halpern Financial Inc. raised its stake in shares of General Electric by 968.4% in the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 184 shares during the period. Criterion Capital Advisors LLC acquired a new stake in General Electric in the 4th quarter valued at approximately $27,000. CGC Financial Services LLC increased its holdings in General Electric by 90.2% in the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 110 shares during the last quarter. Capital Analysts LLC raised its position in General Electric by 55.8% in the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 87 shares during the period. Finally, Bfsg LLC acquired a new position in General Electric during the fourth quarter worth $32,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Electric

In other news, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the transaction, the senior vice president now owns 56,284 shares in the company, valued at approximately $8,153,863.08. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.66% of the stock is currently owned by insiders.

General Electric Stock Up 0.9 %

Shares of General Electric stock traded up $1.47 during trading on Friday, hitting $164.11. 3,968,626 shares of the stock were exchanged, compared to its average volume of 7,987,890. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. The firm’s 50-day moving average price is $161.93 and its 200 day moving average price is $138.30. The stock has a market cap of $179.64 billion, a price-to-earnings ratio of 53.81, a price-to-earnings-growth ratio of 2.92 and a beta of 1.25. General Electric has a 12-month low of $77.93 and a 12-month high of $166.26.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. The company had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. During the same period in the previous year, the business earned $0.27 EPS. General Electric’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, analysts forecast that General Electric will post 3.96 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. This is an increase from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, April 12th. General Electric’s dividend payout ratio is 36.72%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GE shares. Argus boosted their price objective on General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. TD Cowen upgraded shares of General Electric from a “hold” rating to a “buy” rating and boosted their price target for the stock from $175.00 to $180.00 in a research note on Tuesday, April 9th. Citigroup increased their price target on shares of General Electric from $120.43 to $186.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. The Goldman Sachs Group lifted their price objective on shares of General Electric from $190.00 to $211.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Royal Bank of Canada increased their target price on shares of General Electric from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $172.29.

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.