General Electric (NYSE:GE) Holdings Boosted by KLCM Advisors Inc.

KLCM Advisors Inc. grew its holdings in General Electric (NYSE:GE) by 11.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,123 shares of the conglomerate’s stock after purchasing an additional 854 shares during the period. KLCM Advisors Inc.’s holdings in General Electric were worth $1,355,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GE. Game Plan Financial Advisors LLC lifted its stake in General Electric by 10.5% in the 4th quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate’s stock worth $96,000 after acquiring an additional 55 shares in the last quarter. Red Door Wealth Management LLC lifted its position in shares of General Electric by 4.0% in the fourth quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate’s stock worth $241,000 after purchasing an additional 56 shares in the last quarter. Saxon Interests Inc. lifted its position in shares of General Electric by 4.2% in the fourth quarter. Saxon Interests Inc. now owns 1,425 shares of the conglomerate’s stock worth $238,000 after purchasing an additional 57 shares in the last quarter. Old North State Wealth Management LLC boosted its holdings in shares of General Electric by 3.0% during the fourth quarter. Old North State Wealth Management LLC now owns 1,981 shares of the conglomerate’s stock worth $331,000 after purchasing an additional 58 shares during the period. Finally, Northeast Investment Management grew its position in General Electric by 2.2% during the fourth quarter. Northeast Investment Management now owns 2,708 shares of the conglomerate’s stock valued at $452,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Up 0.1 %

GE stock opened at $208.62 on Monday. 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 50-day moving average of $182.66 and a two-hundred day moving average of $179.33. The stock has a market capitalization of $223.91 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22. General Electric has a 52-week low of $117.43 and a 52-week high of $211.42.

General Electric (NYSE:GE) last released its earnings results 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 return on equity of 22.19% and a net margin of 14.31%. As a group, equities research analysts anticipate that General Electric will post 5.39 EPS for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a $0.36 dividend. This is an increase from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.69%. General Electric’s dividend payout ratio is 18.70%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. UBS Group boosted their price target on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their target price on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Bank of America lifted their price target on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. 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 report on Friday, January 24th. Finally, Northcoast Research started coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $208.73.

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.