General Electric (NYSE:GE) Holdings Boosted by Invenio Wealth Partners LLC

Invenio Wealth Partners LLC grew its holdings in General Electric (NYSE:GE) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,126 shares of the conglomerate’s stock after purchasing an additional 74 shares during the period. Invenio Wealth Partners LLC’s holdings in General Electric were worth $355,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GE. Elwood Capital Partners LP acquired a new stake in shares of General Electric during the fourth quarter worth approximately $4,900,000. Geode Capital Management LLC lifted its position in General Electric by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 23,117,418 shares of the conglomerate’s stock worth $3,846,587,000 after buying an additional 529,457 shares in the last quarter. Nemes Rush Group LLC boosted its stake in shares of General Electric by 35.9% during the 4th quarter. Nemes Rush Group LLC now owns 1,464 shares of the conglomerate’s stock valued at $244,000 after buying an additional 387 shares during the period. Tradewinds LLC. purchased a new position in shares of General Electric during the 4th quarter valued at $180,000. Finally, National Bank of Canada FI increased its stake in shares of General Electric by 2.9% in the fourth quarter. National Bank of Canada FI now owns 1,064,417 shares of the conglomerate’s stock worth $177,535,000 after acquiring an additional 29,844 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Performance

GE opened at $200.29 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock’s 50 day moving average price is $201.87 and its two-hundred day moving average price is $186.85. The firm has a market capitalization of $214.97 billion, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. General Electric has a 12-month low of $133.99 and a 12-month high of $214.21.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (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%. On average, equities analysts forecast that General Electric will post 5.4 earnings per share 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 given a dividend of $0.36 per share. The ex-dividend date is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is currently 24.04%.

Wall Street Analyst Weigh In

A number of brokerages have commented on GE. Wells Fargo & Company boosted their target price on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Northcoast Research initiated coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating on the stock. Finally, Redburn Atlantic initiated coverage on shares of General Electric in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective for the company. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, General Electric has a consensus rating of “Moderate Buy” and an average target price 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.