Pathway Financial Advisers LLC Has $116,000 Stock Holdings in General Electric (NYSE:GE)

Pathway Financial Advisers LLC decreased its stake in shares of General Electric (NYSE:GE) by 8.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 616 shares of the conglomerate’s stock after selling 58 shares during the quarter. Pathway Financial Advisers LLC’s holdings in General Electric were worth $116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Toth Financial Advisory Corp bought a new stake in General Electric during the third quarter worth $25,000. O Brien Wealth Partners LLC bought a new stake in shares of General Electric in the 3rd quarter valued at about $27,000. Studio Investment Management LLC lifted its stake in General Electric by 97.5% in the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 78 shares during the last quarter. MFA Wealth Advisors LLC bought a new position in General Electric during the second quarter worth about $31,000. Finally, Richardson Financial Services Inc. acquired a new position in General Electric during the first quarter worth approximately $34,000. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Performance

NYSE:GE opened at $174.70 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. General Electric has a fifty-two week low of $84.66 and a fifty-two week high of $194.80. The company has a market cap of $189.08 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 1.74 and a beta of 1.18. The stock has a fifty day moving average price of $180.14 and a 200-day moving average price of $168.87.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The business had revenue of $9.84 billion during the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. General Electric’s revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that General Electric will post 4.2 EPS for the current fiscal year.

General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.64%. General Electric’s dividend payout ratio (DPR) is 19.68%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GE. UBS Group lifted their target price on General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Bank of America upped their price objective on shares of General Electric from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada dropped their price objective on shares of General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Company lifted their target price on shares of General Electric from $205.00 to $210.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Melius Research increased their price target on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, General Electric currently has a consensus rating of “Moderate Buy” and an average target price of $200.93.

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.