Wealthcare Capital Partners LLC Buys New Position in General Electric (NYSE:GE)

Wealthcare Capital Partners LLC bought a new stake in shares of General Electric (NYSE:GE) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,706 shares of the conglomerate’s stock, valued at approximately $285,000.

Several other large investors have also bought and sold shares of GE. Sovran Advisors LLC acquired a new position in shares of General Electric in the 4th quarter valued at $931,000. Stonebridge Financial Group LLC acquired a new position in shares of General Electric in the 4th quarter valued at $169,000. Essex Financial Services Inc. boosted its position in shares of General Electric by 3.7% in the 4th quarter. Essex Financial Services Inc. now owns 26,512 shares of the conglomerate’s stock valued at $4,422,000 after purchasing an additional 951 shares during the period. MADDEN SECURITIES Corp acquired a new position in shares of General Electric in the 4th quarter valued at $474,000. Finally, Sapient Capital LLC boosted its position in shares of General Electric by 192.4% in the 4th quarter. Sapient Capital LLC now owns 168,367 shares of the conglomerate’s stock valued at $28,129,000 after purchasing an additional 110,789 shares during the period. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Performance

Shares of NYSE GE opened at $205.33 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The business’s 50 day moving average is $179.68 and its two-hundred day moving average is $178.00. The company has a market cap of $220.38 billion, a P/E ratio of 34.28, a P/E/G ratio of 2.56 and a beta of 1.22. General Electric has a 12 month low of $110.95 and a 12 month high of $207.84.

General Electric (NYSE:GE) last issued its quarterly 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 return on equity of 22.19% and a net margin of 14.31%. On average, equities analysts expect that General Electric will post 5.39 EPS for the current year.

General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Friday, December 27th. General Electric’s dividend payout ratio (DPR) is 18.70%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GE shares. Northcoast Research started coverage on General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. increased their price objective on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. UBS Group increased their price objective on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Wells Fargo & Company increased their price objective on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, Citigroup increased their price objective on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, General Electric presently has an average rating of “Moderate Buy” and an average target price of $208.73.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the business’s 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 of the company’s stock, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.66% of the company’s stock.

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.