TCI Wealth Advisors Inc. Purchases 425 Shares of General Electric (NYSE:GE)

TCI Wealth Advisors Inc. lifted its position in General Electric (NYSE:GE) by 9.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,953 shares of the conglomerate’s stock after buying an additional 425 shares during the period. TCI Wealth Advisors Inc.’s holdings in General Electric were worth $632,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Sheets Smith Wealth Management purchased a new stake in shares of General Electric during the fourth quarter valued at $3,959,000. SYM FINANCIAL Corp boosted its holdings in shares of General Electric by 3.1% during the 4th quarter. SYM FINANCIAL Corp now owns 8,331 shares of the conglomerate’s stock valued at $1,063,000 after acquiring an additional 249 shares during the last quarter. National Bank of Canada FI grew its stake in shares of General Electric by 21.5% in the fourth quarter. National Bank of Canada FI now owns 582,970 shares of the conglomerate’s stock worth $73,425,000 after acquiring an additional 103,337 shares during the period. TCG Advisory Services LLC purchased a new position in shares of General Electric during the fourth quarter valued at approximately $550,000. Finally, Forte Capital LLC ADV lifted its position in General Electric by 2.1% during the fourth quarter. Forte Capital LLC ADV now owns 4,067 shares of the conglomerate’s stock valued at $519,000 after purchasing an additional 83 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of General Electric 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 sale, the senior vice president now directly owns 56,284 shares in the company, valued at approximately $8,153,863.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on GE shares. Vertical Research started coverage on shares of General Electric in a research report on Thursday, April 4th. They issued a “buy” rating and a $160.00 target price for the company. Jefferies Financial Group upped their price objective on General Electric from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, April 29th. StockNews.com started coverage on General Electric in a research report on Monday, April 29th. They issued a “hold” rating on the stock. Bank of America upped their price target on shares of General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Wells Fargo & Company increased their price objective on shares of General Electric from $165.00 to $192.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $172.29.

General Electric Price Performance

Shares of NYSE GE traded up $1.47 during midday trading on Friday, reaching $164.11. The stock had a trading volume of 3,968,626 shares, compared to its average volume of 7,987,890. The stock has a 50-day moving average of $161.93 and a 200-day moving average of $138.30. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.82 and a current ratio of 1.17. The company has a market capitalization 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 data 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 firm had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 earnings per share. As a group, research analysts anticipate that General Electric will post 3.96 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.68%. This is a boost from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, April 12th. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

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.