General Electric (NYSE:GE) Shares Sold by Plancorp LLC

Plancorp LLC trimmed its stake in shares of General Electric (NYSE:GE) by 10.9% in the 4th quarter, HoldingsChannel reports. The firm owned 10,819 shares of the conglomerate’s stock after selling 1,321 shares during the period. Plancorp LLC’s holdings in General Electric were worth $1,805,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hager Investment Management Services LLC purchased a new stake in shares of General Electric in the 4th quarter valued at about $27,000. Sugar Maple Asset Management LLC acquired a new position in General Electric during the 4th quarter worth approximately $29,000. CBIZ Investment Advisory Services LLC acquired a new position in General Electric during the 4th quarter worth approximately $29,000. RPg Family Wealth Advisory LLC acquired a new position in General Electric during the 3rd quarter worth approximately $30,000. Finally, Picton Mahoney Asset Management grew its holdings in shares of General Electric by 62.4% in the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 68 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

General Electric Stock Up 0.0 %

Shares of General Electric stock opened at $203.99 on Friday. The business has a 50-day moving average of $198.63 and a 200-day moving average of $184.87. 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 market capitalization of $218.94 billion, a PE ratio of 34.06, a P/E/G ratio of 2.59 and a beta of 1.19. General Electric has a 1-year low of $133.99 and a 1-year high of $212.19.

General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping 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 analysts forecast that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.71%. This is an increase from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. General Electric’s dividend payout ratio (DPR) is 24.04%.

Analyst Ratings Changes

GE has been the topic of a number of research reports. UBS Group upped their price target on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Bank of America increased their price target on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Redburn Atlantic began coverage on General Electric in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price on the stock. Finally, Citigroup increased their target price on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, General Electric currently has an average rating of “Moderate Buy” and an average price target of $211.31.

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.