VCI Wealth Management LLC Raises Holdings in General Electric (NYSE:GE)

VCI Wealth Management LLC increased its holdings in General Electric (NYSE:GE) by 19.3% in the 4th quarter, HoldingsChannel reports. The fund owned 10,474 shares of the conglomerate’s stock after purchasing an additional 1,698 shares during the quarter. VCI Wealth Management LLC’s holdings in General Electric were worth $1,747,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp purchased a new position in General Electric in the third quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new position in General Electric in the third quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new position in General Electric in the third quarter worth approximately $27,000. Peterson Financial Group Inc. purchased a new position in General Electric in the third quarter worth approximately $28,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of General Electric during the fourth quarter worth $29,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GE has been the subject of several research analyst reports. Sanford C. Bernstein raised their price target on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lowered their price target on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. raised their price target on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Wells Fargo & Company raised their price target on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $208.73.

Insider Transactions at General Electric

In other news, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction dated 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 in the company, valued at approximately $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $178.29, for a total value of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares in the company, 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. Insiders own 0.66% of the company’s stock.

General Electric Stock Down 1.2 %

General Electric stock opened at $194.30 on Tuesday. General Electric has a 1-year low of $103.75 and a 1-year high of $207.65. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. The stock has a market cap of $210.29 billion, a PE ratio of 34.15, a P/E/G ratio of 1.53 and a beta of 1.19. The stock’s fifty day moving average is $175.33 and its two-hundred day moving average is $175.15.

General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. On average, sell-side analysts expect that General Electric will post 4.23 EPS for the current fiscal year.

General Electric Announces Dividend

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