Transcend Capital Advisors LLC Sells 520 Shares of General Electric (NYSE:GE)

Transcend Capital Advisors LLC reduced its position in shares of General Electric (NYSE:GE) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,043 shares of the conglomerate’s stock after selling 520 shares during the quarter. Transcend Capital Advisors LLC’s holdings in General Electric were worth $1,282,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Halpern Financial Inc. boosted its holdings in General Electric by 968.4% in the fourth 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 last quarter. Criterion Capital Advisors LLC bought a new stake in General Electric in the fourth quarter valued at approximately $27,000. CGC Financial Services LLC boosted its holdings in General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 110 shares during the last quarter. Capital Analysts LLC boosted its holdings 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 acquiring an additional 87 shares during the last quarter. Finally, Bfsg LLC bought a new stake in General Electric in the fourth quarter valued at approximately $32,000. 74.77% of the stock is currently owned by institutional investors.

Insider Transactions at General Electric

In other news, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total value of $1,843,615.55. Following the sale, the senior vice president now owns 48,339 shares in the company, valued at $6,552,351.45. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on GE shares. Citigroup upped their target price on General Electric from $120.43 to $186.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com started coverage on General Electric in a report on Sunday, April 21st. They set a “hold” rating on the stock. Vertical Research started coverage on General Electric in a report on Thursday, April 4th. They set a “buy” rating and a $160.00 price target on the stock. Wells Fargo & Company cut their price target on General Electric from $200.00 to $165.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th. Finally, Bank of America increased their price target on General Electric from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, General Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.00.

General Electric Stock Up 0.7 %

Shares of NYSE:GE traded up $1.09 during trading on Friday, reaching $162.35. 5,898,021 shares of the stock were exchanged, compared to its average volume of 9,321,559. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.85. General Electric has a 1-year low of $77.28 and a 1-year high of $163.65. The stock has a fifty day moving average of $160.72 and a two-hundred day moving average of $136.27. The firm has a market cap of $177.71 billion, a price-to-earnings ratio of 53.23, a price-to-earnings-growth ratio of 3.05 and a beta of 1.29.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. The business had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. General Electric’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS. Research analysts anticipate that General Electric will post 3.93 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were given a dividend of $0.28 per share. The ex-dividend date was Friday, April 12th. This is a positive change from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a dividend yield of 0.69%. General Electric’s dividend payout ratio (DPR) is currently 36.72%.

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.