General Electric (NYSE:GE) Stake Boosted by Silvant Capital Management LLC

Silvant Capital Management LLC increased its position in shares of General Electric (NYSE:GE) by 56.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 208,588 shares of the conglomerate’s stock after buying an additional 75,327 shares during the quarter. General Electric comprises about 1.7% of Silvant Capital Management LLC’s holdings, making the stock its 14th biggest position. Silvant Capital Management LLC’s holdings in General Electric were worth $39,373,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Capital Advisors Inc. OK grew its position in General Electric by 33.9% in the third quarter. Capital Advisors Inc. OK now owns 5,490 shares of the conglomerate’s stock worth $1,035,000 after acquiring an additional 1,389 shares in the last quarter. Americana Partners LLC lifted its stake in shares of General Electric by 4.4% in the 3rd quarter. Americana Partners LLC now owns 41,393 shares of the conglomerate’s stock valued at $7,806,000 after purchasing an additional 1,742 shares during the last quarter. Gladstone Institutional Advisory LLC boosted its holdings in General Electric by 59.7% in the third quarter. Gladstone Institutional Advisory LLC now owns 16,148 shares of the conglomerate’s stock worth $3,045,000 after purchasing an additional 6,038 shares in the last quarter. WT Asset Management Ltd bought a new stake in General Electric in the third quarter worth $1,131,000. Finally, Nadler Financial Group Inc. acquired a new position in General Electric during the third quarter worth $236,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Price Performance

Shares of GE stock opened at $171.70 on Friday. General Electric has a 12 month low of $85.89 and a 12 month high of $194.80. The company has a market capitalization of $185.83 billion, a P/E ratio of 30.18, a P/E/G ratio of 1.72 and a beta of 1.18. The stock has a 50 day moving average of $180.20 and a two-hundred day moving average of $169.01. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE) last posted its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The firm had revenue of $9.84 billion for the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter in the previous year, the company earned $0.82 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts expect that General Electric will post 4.22 EPS for the current year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Thursday, September 26th. General Electric’s dividend payout ratio is 19.68%.

Analyst Ratings Changes

A number of analysts have weighed in on GE shares. Barclays boosted their price target on General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their target price on General Electric from $212.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. UBS Group lifted their price target on shares of General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Bank of America upped their price objective on shares of General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Citigroup lifted their target price on shares of General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, General Electric presently has an average rating of “Moderate Buy” and an average target price of $200.93.

About General Electric

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.