General Electric (NYSE:GE) Shares Bought by Fortem Financial Group LLC

Fortem Financial Group LLC increased its holdings in General Electric (NYSE:GE) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,378 shares of the conglomerate’s stock after buying an additional 66 shares during the quarter. Fortem Financial Group LLC’s holdings in General Electric were worth $563,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GE. Neville Rodie & Shaw Inc. increased its holdings in shares of General Electric by 1.4% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 84,783 shares of the conglomerate’s stock valued at $14,141,000 after purchasing an additional 1,201 shares during the period. CWA Asset Management Group LLC increased its stake in General Electric by 14.0% during the 4th quarter. CWA Asset Management Group LLC now owns 4,828 shares of the conglomerate’s stock valued at $805,000 after buying an additional 594 shares during the period. Versant Capital Management Inc raised its position in shares of General Electric by 18.4% during the 4th quarter. Versant Capital Management Inc now owns 18,180 shares of the conglomerate’s stock worth $3,032,000 after buying an additional 2,828 shares in the last quarter. Old Port Advisors lifted its stake in shares of General Electric by 1.4% in the 4th quarter. Old Port Advisors now owns 5,609 shares of the conglomerate’s stock worth $936,000 after acquiring an additional 78 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of General Electric by 3.8% in the third quarter. Principal Financial Group Inc. now owns 1,323,553 shares of the conglomerate’s stock valued at $249,596,000 after acquiring an additional 48,543 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares of the company’s stock, valued at $2,407,036.57. This represents a 34.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the sale, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein upped their target price on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. UBS Group upped their price objective on General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Citigroup lifted their target price on General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company upped their price target on shares of General Electric from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Melius Research boosted their target price on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $201.47.

General Electric Stock Up 0.3 %

NYSE GE traded up $0.43 during trading on Monday, reaching $172.39. The company’s stock had a trading volume of 3,394,351 shares, compared to its average volume of 3,769,449. The business has a 50-day moving average price of $174.45 and a 200-day moving average price of $173.17. General Electric has a 1-year low of $99.37 and a 1-year high of $194.80. The stock has a market capitalization of $186.58 billion, a PE ratio of 30.30, a PEG ratio of 1.63 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The company had revenue of $9.84 billion for the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter last year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, research analysts forecast that General Electric will post 4.24 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Friday, December 27th. General Electric’s dividend payout ratio is 19.68%.

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.