TFG Advisers LLC Raises Position in General Electric (NYSE:GE)

TFG Advisers LLC increased its position in shares of General Electric (NYSE:GE) by 7.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,447 shares of the conglomerate’s stock after purchasing an additional 100 shares during the period. TFG Advisers LLC’s holdings in General Electric were worth $241,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp acquired a new stake in shares of General Electric in the 3rd quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in General Electric in the third quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of General Electric during the 3rd quarter worth $27,000. Peterson Financial Group Inc. acquired a new position in shares of General Electric during the 3rd quarter worth $28,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of General Electric in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GE shares. Citigroup boosted their price objective on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. boosted their price target on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. Wells Fargo & Company boosted their target price on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, Sanford C. Bernstein lifted their price target on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, General Electric presently has an average rating of “Moderate Buy” and an average target price of $208.73.

General Electric Stock Performance

Shares of NYSE GE opened at $205.32 on Friday. The company has a 50-day simple moving average of $179.22 and a 200-day simple moving average of $177.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The company has a market cap of $220.37 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 2.53 and a beta of 1.22. General Electric has a 12 month low of $110.57 and a 12 month high of $207.84.

General Electric (NYSE:GE) last released its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, equities analysts anticipate that General Electric will post 5.39 earnings per share for the current year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, December 27th. General Electric’s dividend payout ratio is currently 18.70%.

Insider Buying and Selling

In related news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction on Monday, November 18th. The stock was sold at an average price of $178.29, for a total value of $2,772,409.50. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.66% of the company’s stock.

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.