Laidlaw Wealth Management LLC Has $437,000 Position in General Electric (NYSE:GE)

Laidlaw Wealth Management LLC lowered its position in General Electric (NYSE:GE) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,619 shares of the conglomerate’s stock after selling 330 shares during the period. Laidlaw Wealth Management LLC’s holdings in General Electric were worth $437,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp acquired a new position in General Electric during the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new position in General Electric during the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new position in General Electric during the third quarter valued at approximately $27,000. Hager Investment Management Services LLC acquired a new position in General Electric during the fourth quarter valued at approximately $27,000. Finally, Peterson Financial Group Inc. acquired a new position in General Electric during the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Price Performance

Shares of GE opened at $209.94 on Wednesday. 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 has a 1 year low of $118.13 and a 1 year high of $212.19. The stock has a market cap of $225.33 billion, a P/E ratio of 35.05, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. The stock’s 50-day moving average price is $184.18 and its two-hundred day moving average price is $180.02.

General Electric (NYSE:GE) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating 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 predict that General Electric will post 5.39 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.69%. This is a boost from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is 18.70%.

Analysts Set New Price Targets

Several equities analysts have commented on GE shares. Deutsche Bank Aktiengesellschaft lowered their price target on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Northcoast Research started coverage on General Electric in a research report on Tuesday, January 7th. They issued a “neutral” rating for the company. Wells Fargo & Company raised 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. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Finally, Citigroup lifted their price objective on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $211.31.

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.