Clear Creek Financial Management LLC Has $370,000 Stock Holdings in General Electric (NYSE:GE)

Clear Creek Financial Management LLC increased its stake in shares of General Electric (NYSE:GE) by 17.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,963 shares of the conglomerate’s stock after purchasing an additional 285 shares during the quarter. Clear Creek Financial Management LLC’s holdings in General Electric were worth $370,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Toth Financial Advisory Corp acquired a new position in General Electric in the 3rd quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new position in General Electric in the 3rd quarter valued at approximately $27,000. Studio Investment Management LLC increased its position in General Electric by 97.5% in the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 78 shares during the period. MFA Wealth Advisors LLC acquired a new position in General Electric in the 2nd quarter valued at approximately $31,000. Finally, Richardson Financial Services Inc. acquired a new position in General Electric in the 1st quarter valued at approximately $34,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GE shares. Melius Research upped their price target on shares of General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Royal Bank of Canada reduced their price objective on shares of General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Sanford C. Bernstein upped their price objective on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. StockNews.com lowered shares of General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, Citigroup upped their price objective on shares of General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $200.93.

General Electric Stock Up 0.0 %

GE opened at $171.76 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. The company’s 50-day moving average is $180.21 and its 200 day moving average is $169.32. General Electric has a fifty-two week low of $86.83 and a fifty-two week high of $194.80. The firm has a market capitalization of $185.89 billion, a P/E ratio of 30.19, a PEG ratio of 1.70 and a beta of 1.19.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The company had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $0.82 earnings per share. Research analysts expect that General Electric will post 4.22 earnings per share for the current fiscal year.

General Electric Dividend Announcement

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

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.