Foundations Investment Advisors LLC Increases Stake in General Electric (NYSE:GE)

Foundations Investment Advisors LLC raised its holdings in General Electric (NYSE:GE) by 14.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,830 shares of the conglomerate’s stock after acquiring an additional 1,466 shares during the quarter. Foundations Investment Advisors LLC’s holdings in General Electric were worth $1,973,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GE. Susquehanna Fundamental Investments LLC purchased a new stake in shares of General Electric during the second quarter worth approximately $811,000. NewEdge Advisors LLC increased its position in shares of General Electric by 20.4% in the 2nd quarter. NewEdge Advisors LLC now owns 65,517 shares of the conglomerate’s stock valued at $10,415,000 after purchasing an additional 11,082 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of General Electric by 4.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 66,953 shares of the conglomerate’s stock valued at $10,644,000 after purchasing an additional 3,086 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in shares of General Electric by 11.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 1,193 shares of the conglomerate’s stock valued at $190,000 after purchasing an additional 123 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its position in shares of General Electric by 1.0% during the 2nd quarter. EP Wealth Advisors LLC now owns 19,317 shares of the conglomerate’s stock worth $3,071,000 after purchasing an additional 187 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Buying and Selling

In other news, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were 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 of the company’s stock, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

General Electric Stock Down 0.0 %

GE opened at $194.46 on Wednesday. General Electric has a 52 week low of $103.75 and a 52 week high of $207.65. The business has a 50 day moving average price of $175.67 and a two-hundred day moving average price of $175.38. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. The company has a market cap of $210.46 billion, a PE ratio of 34.18, a P/E/G ratio of 1.53 and a beta of 1.19.

General Electric (NYSE:GE) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. As a group, research analysts anticipate that General Electric will post 4.23 EPS for the current year.

General Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.58%. General Electric’s dividend payout ratio (DPR) is 19.68%.

Analyst Ratings Changes

Several equities analysts recently commented on GE shares. Citigroup increased their target price on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a report on Monday. Wells Fargo & Company boosted their target price on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Sanford C. Bernstein increased their price target on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Melius Research boosted their price objective on shares of General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating and fourteen have issued 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 price target of $208.73.

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.