General Electric (NYSE:GE) Shares Sold by West Branch Capital LLC

West Branch Capital LLC trimmed its position in shares of General Electric (NYSE:GE) by 35.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 675 shares of the conglomerate’s stock after selling 365 shares during the period. West Branch Capital LLC’s holdings in General Electric were worth $113,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Missouri Trust & Investment Co boosted its stake in General Electric by 77.4% during the 4th quarter. Missouri Trust & Investment Co now owns 2,750 shares of the conglomerate’s stock valued at $459,000 after acquiring an additional 1,200 shares during the last quarter. Sterling Investment Management LLC boosted its position in General Electric by 138.9% during the 4th quarter. Sterling Investment Management LLC now owns 12,741 shares of the conglomerate’s stock valued at $2,125,000 after purchasing an additional 7,408 shares during the period. Dakota Wealth Management grew its stake in General Electric by 10.4% during the 4th quarter. Dakota Wealth Management now owns 8,924 shares of the conglomerate’s stock worth $1,489,000 after buying an additional 838 shares during the last quarter. XML Financial LLC increased its position in General Electric by 4.1% in the fourth quarter. XML Financial LLC now owns 5,737 shares of the conglomerate’s stock worth $957,000 after buying an additional 226 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in General Electric by 0.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 261,880 shares of the conglomerate’s stock valued at $43,752,000 after buying an additional 2,320 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at General Electric

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

General Electric Trading Up 2.5 %

General Electric stock opened at $187.46 on Wednesday. General Electric has a 52 week low of $101.16 and a 52 week high of $194.80. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. The firm has a market capitalization of $202.89 billion, a price-to-earnings ratio of 32.95, a P/E/G ratio of 1.49 and a beta of 1.19. The company has a 50 day moving average price of $174.30 and a 200 day moving average price of $174.30.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The company had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Research analysts forecast that General Electric will post 4.23 EPS for the current year.

General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.60%. General Electric’s dividend payout ratio (DPR) is currently 19.68%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Melius Research boosted their target price on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Bank of America increased their price objective on General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada cut their target price on General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Sanford C. Bernstein raised their price target on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Northcoast Research started coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating for the company. Three 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $201.47.

General Electric 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.