General Electric (NYSE:GE) Shares Purchased by Colonial River Investments LLC

Colonial River Investments LLC boosted its position in General Electric (NYSE:GE) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,825 shares of the conglomerate’s stock after purchasing an additional 220 shares during the period. Colonial River Investments LLC’s holdings in General Electric were worth $471,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Partners Wealth Management LLC acquired a new stake in shares of General Electric during the 4th quarter valued at approximately $213,000. Union Bancaire Privee UBP SA acquired a new stake in shares of General Electric during the 4th quarter valued at approximately $2,828,000. Delta Financial Group Inc. acquired a new stake in shares of General Electric during the 4th quarter valued at approximately $1,935,000. Ascent Wealth Partners LLC lifted its position in shares of General Electric by 6.5% during the 4th quarter. Ascent Wealth Partners LLC now owns 2,098 shares of the conglomerate’s stock valued at $350,000 after acquiring an additional 128 shares during the period. Finally, Spectrum Financial Alliance Ltd LLC lifted its position in shares of General Electric by 3.3% during the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 101,725 shares of the conglomerate’s stock valued at $16,967,000 after acquiring an additional 3,204 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analysts Set New Price Targets

GE has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. Bank of America lifted their price target on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. UBS Group lifted their price objective on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Northcoast Research began coverage on General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating for the company. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, General Electric presently has an average rating of “Moderate Buy” and an average price target of $211.31.

General Electric Stock Down 4.2 %

GE stock opened at $199.90 on Monday. The stock has a market capitalization of $214.55 billion, a P/E ratio of 33.37, a PEG ratio of 2.59 and a beta of 1.22. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a one year low of $119.88 and a one year high of $212.19. The company has a 50 day moving average price of $186.57 and a two-hundred day moving average price of $180.98.

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%. As a group, sell-side analysts expect that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.72%. General Electric’s payout ratio is currently 18.70%.

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.