Millstone Evans Group LLC Makes New $868,000 Investment in General Electric (NYSE:GE)

Millstone Evans Group LLC bought a new stake in General Electric (NYSE:GE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,202 shares of the conglomerate’s stock, valued at approximately $868,000.

A number of other hedge funds have also bought and sold shares of the business. Hager Investment Management Services LLC bought a new position in General Electric in the 4th quarter valued at $27,000. Sugar Maple Asset Management LLC bought a new position in General Electric during the fourth quarter valued at about $29,000. CBIZ Investment Advisory Services LLC bought a new stake in General Electric in the fourth quarter worth about $29,000. RPg Family Wealth Advisory LLC bought a new stake in General Electric in the third quarter worth about $30,000. Finally, Picton Mahoney Asset Management boosted its stake in General Electric by 62.4% in the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 68 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

General Electric Trading Up 0.0 %

General Electric stock opened at $203.99 on Friday. The stock has a market cap of $218.94 billion, a P/E ratio of 34.06, a PEG ratio of 2.59 and a beta of 1.19. General Electric has a fifty-two week low of $133.99 and a fifty-two week high of $212.19. The firm’s fifty day moving average price is $198.63 and its 200-day moving average price is $184.87. 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 (NYSE:GE) last released its quarterly earnings results 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%. Equities research analysts forecast that General Electric will post 5.4 earnings per share for the current fiscal 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 paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is currently 24.04%.

Analyst Ratings Changes

GE has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Northcoast Research began coverage on General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. UBS Group increased their price target on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Bank of America boosted their price objective on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, General Electric has a consensus rating of “Moderate Buy” and a consensus 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.