Moment Partners LLC Acquires Shares of 1,268 General Electric (NYSE:GE)

Moment Partners LLC bought a new stake in General Electric (NYSE:GE) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,268 shares of the conglomerate’s stock, valued at approximately $211,000.

Several other large investors have also made changes to their positions in the company. Sava Infond d.o.o. bought a new stake in General Electric during the fourth quarter worth about $2,470,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of General Electric by 9.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,719,443 shares of the conglomerate’s stock worth $295,675,000 after acquiring an additional 145,301 shares in the last quarter. Tyler Stone Wealth Management grew its position in General Electric by 19.8% during the 4th quarter. Tyler Stone Wealth Management now owns 1,577 shares of the conglomerate’s stock worth $263,000 after acquiring an additional 261 shares during the last quarter. Aviso Wealth Management increased its holdings in General Electric by 295.5% during the 4th quarter. Aviso Wealth Management now owns 11,173 shares of the conglomerate’s stock valued at $1,864,000 after purchasing an additional 8,348 shares in the last quarter. Finally, Graney & King LLC bought a new position in General Electric in the 4th quarter valued at $645,000. Institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GE. Bank of America increased their target price on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Redburn Atlantic assumed coverage on shares of General Electric in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective for the company. Northcoast Research started coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. UBS Group raised 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. Finally, Citigroup upped their price objective on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $211.31.

General Electric Trading Down 2.3 %

NYSE:GE opened at $207.33 on Thursday. 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 $133.99 and a 1-year high of $214.21. The firm has a market capitalization of $222.53 billion, a price-to-earnings ratio of 34.61, a PEG ratio of 2.59 and a beta of 1.19. The business’s 50-day moving average price is $200.66 and its two-hundred day moving average price is $185.98.

General Electric (NYSE:GE) last announced its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, equities analysts expect that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a $0.36 dividend. This is a positive change from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.69%. General Electric’s payout ratio is 24.04%.

General Electric 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.