General Electric (NYSE:GE) Stake Increased by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC boosted its stake in General Electric (NYSE:GE) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,042 shares of the conglomerate’s stock after acquiring an additional 203 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in General Electric were worth $2,652,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in General Electric by 1.6% in the fourth quarter. Wellington Management Group LLP now owns 133,618 shares of the conglomerate’s stock worth $17,054,000 after acquiring an additional 2,055 shares during the last quarter. Fulton Bank N.A. acquired a new position in General Electric during the 1st quarter valued at approximately $258,000. RFG Advisory LLC grew its stake in General Electric by 35.9% during the 1st quarter. RFG Advisory LLC now owns 2,848 shares of the conglomerate’s stock worth $500,000 after buying an additional 753 shares during the last quarter. &PARTNERS acquired a new stake in General Electric in the first quarter worth $529,000. Finally, Mountain Pacific Investment Advisers Inc. ID bought a new stake in General Electric in the first quarter valued at $246,000. 74.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GE. Royal Bank of Canada increased their price objective on shares of General Electric from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. UBS Group lifted their price target on General Electric from $201.00 to $209.00 and gave the company a “buy” rating in a report on Monday, July 1st. StockNews.com lowered General Electric from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Sanford C. Bernstein lifted their target price on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Wells Fargo & Company increased their price target on General Electric from $192.00 to $205.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $196.86.

General Electric Trading Down 0.0 %

NYSE:GE opened at $192.61 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.95. General Electric has a 1-year low of $84.42 and a 1-year high of $194.80. The firm has a market capitalization of $210.83 billion, a price-to-earnings ratio of 63.15, a price-to-earnings-growth ratio of 1.86 and a beta of 1.18. The stock has a fifty day simple moving average of $178.51 and a 200 day simple moving average of $167.42.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.21. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The company had revenue of $9.09 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same quarter last year, the business posted $0.68 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Sell-side analysts forecast that General Electric will post 4.2 earnings per share for the current year.

General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Thursday, September 26th. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

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.