Hengehold Capital Management LLC Sells 808 Shares of General Electric (NYSE:GE)

Hengehold Capital Management LLC cut its stake in shares of General Electric (NYSE:GE) by 14.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,605 shares of the conglomerate’s stock after selling 808 shares during the period. Hengehold Capital Management LLC’s holdings in General Electric were worth $768,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Cerro Pacific Wealth Advisors LLC bought a new position in shares of General Electric during the 4th quarter worth approximately $198,000. FCG Investment Co increased its position in shares of General Electric by 3.3% during the fourth quarter. FCG Investment Co now owns 9,831 shares of the conglomerate’s stock valued at $1,640,000 after acquiring an additional 310 shares during the last quarter. Key Client Fiduciary Advisors LLC lifted its holdings in General Electric by 9.3% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 2,507 shares of the conglomerate’s stock worth $418,000 after acquiring an additional 214 shares during the period. Secure Asset Management LLC boosted its position in General Electric by 28.1% in the fourth quarter. Secure Asset Management LLC now owns 6,402 shares of the conglomerate’s stock worth $1,068,000 after purchasing an additional 1,406 shares during the last quarter. Finally, Red Door Wealth Management LLC grew its stake in General Electric by 4.0% in the 4th quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate’s stock valued at $241,000 after purchasing an additional 56 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on GE. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of General Electric in a research note on Wednesday. Citigroup lifted their price objective on shares of General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Melius Research boosted their target price on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Bank of America raised their price target on shares of General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company upped their price objective on General Electric from $210.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $201.47.

General Electric Stock Up 6.5 %

GE stock opened at $200.66 on Friday. The stock has a 50-day simple moving average of $174.49 and a two-hundred day simple moving average of $174.59. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. General Electric has a twelve month low of $101.16 and a twelve month high of $207.65. The firm has a market capitalization of $217.17 billion, a PE ratio of 35.26, a PEG ratio of 1.53 and a beta of 1.19.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 11.48% and a return on equity of 18.93%. On average, equities analysts predict that General Electric will post 4.23 EPS for the current fiscal year.

General Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, December 27th. General Electric’s dividend payout ratio is 19.68%.

Insider Buying and Selling

In other news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the transaction, the senior vice president now owns 13,289 shares of the company’s stock, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

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.