General Electric (NYSE:GE) Position Decreased by Weinberger Asset Management Inc

Weinberger Asset Management Inc decreased its holdings in shares of General Electric (NYSE:GE) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,098 shares of the conglomerate’s stock after selling 267 shares during the period. Weinberger Asset Management Inc’s holdings in General Electric were worth $2,018,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of General Electric by 69.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,357 shares of the conglomerate’s stock worth $822,000 after buying an additional 1,790 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of General Electric by 0.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 30,671 shares of the conglomerate’s stock valued at $5,784,000 after acquiring an additional 209 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of General Electric by 2.4% in the 3rd quarter. Arkadios Wealth Advisors now owns 6,023 shares of the conglomerate’s stock valued at $1,136,000 after acquiring an additional 140 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its stake in General Electric by 65.9% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,089 shares of the conglomerate’s stock worth $394,000 after purchasing an additional 830 shares during the period. Finally, GHP Investment Advisors Inc. grew its position in General Electric by 9.3% during the 3rd quarter. GHP Investment Advisors Inc. now owns 1,275 shares of the conglomerate’s stock worth $240,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. 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 company a “buy” rating in a research note on Monday, January 27th. Wells Fargo & Company upped their target price on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Citigroup raised their price target on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, General Electric currently has an average rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Stock Down 0.6 %

Shares of General Electric stock opened at $198.68 on Tuesday. The stock has a 50-day simple moving average of $187.23 and a 200-day simple moving average of $181.22. General Electric has a 52-week low of $122.48 and a 52-week high of $212.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The firm has a market cap of $213.24 billion, a price-to-earnings ratio of 33.17, a P/E/G ratio of 2.59 and a beta of 1.21.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping 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%. On average, equities research analysts expect that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. 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 dividend yield of 0.72%. General Electric’s payout ratio is currently 24.04%.

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.