General Electric (NYSE:GE) Shares Sold by Heritage Wealth Advisors

Heritage Wealth Advisors lessened its holdings in shares of General Electric (NYSE:GE) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,639 shares of the conglomerate’s stock after selling 124 shares during the quarter. Heritage Wealth Advisors’ holdings in General Electric were worth $607,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hager Investment Management Services LLC acquired a new stake in General Electric in the fourth quarter worth about $27,000. Sugar Maple Asset Management LLC purchased a new position in shares of General Electric in the 4th quarter valued at approximately $29,000. CBIZ Investment Advisory Services LLC acquired a new stake in General Electric in the 4th quarter worth approximately $29,000. RPg Family Wealth Advisory LLC purchased a new stake in General Electric during the 3rd quarter worth approximately $30,000. Finally, Picton Mahoney Asset Management increased its stake in General Electric by 62.4% during the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 68 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a report on Monday, January 27th. Redburn Atlantic assumed coverage on General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Bank of America lifted 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. Finally, JPMorgan Chase & Co. increased 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. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $211.31.

General Electric Trading Up 0.9 %

GE stock opened at $212.18 on Wednesday. General Electric has a 52-week low of $133.99 and a 52-week high of $212.76. 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 firm has a market cap of $227.73 billion, a P/E ratio of 35.42, a PEG ratio of 2.59 and a beta of 1.19. The company’s 50-day simple moving average is $200.12 and its 200-day simple moving average is $185.83.

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

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given a dividend of $0.36 per share. 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. This represents a $1.44 dividend on an annualized basis and a yield of 0.68%. General Electric’s dividend payout ratio is currently 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.