D L Carlson Investment Group Inc. Sells 894 Shares of General Electric (NYSE:GE)

D L Carlson Investment Group Inc. trimmed its holdings in General Electric (NYSE:GE) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,337 shares of the conglomerate’s stock after selling 894 shares during the quarter. General Electric comprises about 0.8% of D L Carlson Investment Group Inc.’s investment portfolio, making the stock its 29th biggest holding. D L Carlson Investment Group Inc.’s holdings in General Electric were worth $4,560,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Truvestments Capital LLC boosted its holdings in shares of General Electric by 26.2% in the fourth quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate’s stock valued at $39,000 after purchasing an additional 49 shares during the period. Ballast Advisors LLC lifted its holdings in shares of General Electric by 2.5% in the 4th quarter. Ballast Advisors LLC now owns 2,093 shares of the conglomerate’s stock worth $349,000 after buying an additional 51 shares during the period. Blue Barn Wealth LLC lifted its holdings in shares of General Electric by 3.8% in the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate’s stock worth $245,000 after buying an additional 54 shares during the period. Game Plan Financial Advisors LLC grew its position in shares of General Electric by 10.5% during the 4th quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate’s stock worth $96,000 after buying an additional 55 shares in the last quarter. Finally, Red Door Wealth Management LLC raised its holdings in shares of General Electric by 4.0% in the fourth quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate’s stock valued at $241,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

General Electric Trading Down 3.0 %

NYSE GE opened at $199.66 on Monday. General Electric has a 1 year low of $133.99 and a 1 year high of $214.21. 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 $214.29 billion, a PE ratio of 33.33, a P/E/G ratio of 2.59 and a beta of 1.19. The company has a fifty day moving average of $201.52 and a 200 day moving average of $186.64.

General Electric (NYSE:GE) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) 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%. Research analysts forecast that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a $0.36 dividend. This is a boost from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. General Electric’s payout ratio is presently 24.04%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of 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 reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. Redburn Atlantic began coverage on shares of General Electric in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price for the company. JPMorgan Chase & Co. upped their price target on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, Bank of America raised their price objective on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.