General Electric (NYSE:GE) Stock Position Raised by Pineridge Advisors LLC

Pineridge Advisors LLC grew its position in shares of General Electric (NYSE:GE) by 503.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 338 shares of the conglomerate’s stock after buying an additional 282 shares during the quarter. Pineridge Advisors LLC’s holdings in General Electric were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Gilman Hill Asset Management LLC bought a new position in General Electric during the third quarter valued at about $209,000. CVA Family Office LLC increased its holdings in shares of General Electric by 4.4% during the 3rd quarter. CVA Family Office LLC now owns 1,962 shares of the conglomerate’s stock valued at $370,000 after acquiring an additional 83 shares during the last quarter. Armstrong Advisory Group Inc. increased its holdings in shares of General Electric by 62.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 3,641 shares of the conglomerate’s stock valued at $687,000 after acquiring an additional 1,406 shares during the last quarter. Svenska Handelsbanken AB publ bought a new position in shares of General Electric in the 3rd quarter valued at approximately $38,710,000. Finally, Oliver Luxxe Assets LLC lifted its holdings in General Electric by 16.0% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 34,468 shares of the conglomerate’s stock worth $6,500,000 after purchasing an additional 4,752 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

GE has been the topic of several analyst reports. UBS Group increased their price target on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, January 24th. Northcoast Research initiated coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Sanford C. Bernstein raised their price target on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Bank of America boosted their price objective on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $208.73.

Insider Activity

In other news, SVP Russell Stokes sold 15,550 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value 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. The trade was a 9.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.66% of the company’s stock.

General Electric Stock Performance

Shares of NYSE GE opened at $205.33 on Tuesday. The firm has a market capitalization of $220.38 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 2.56 and a beta of 1.22. General Electric has a one year low of $110.95 and a one year high of $207.84. The business has a fifty day simple moving average of $179.68 and a 200 day simple moving average of $178.00. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Sell-side analysts expect that General Electric will post 5.39 EPS for the current year.

General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders 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 yield of 0.55%. The ex-dividend date of this dividend was Friday, December 27th. General Electric’s dividend payout ratio is 18.70%.

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.