General Electric (NYSE:GE) Holdings Lifted by TFB Advisors LLC

TFB Advisors LLC raised its stake in General Electric (NYSE:GE) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,823 shares of the conglomerate’s stock after buying an additional 149 shares during the quarter. TFB Advisors LLC’s holdings in General Electric were worth $304,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Capital Advisors Inc. OK raised its stake in shares of General Electric by 4.3% during the 4th quarter. Capital Advisors Inc. OK now owns 5,728 shares of the conglomerate’s stock worth $955,000 after purchasing an additional 238 shares in the last quarter. Leavell Investment Management Inc. increased its stake in shares of General Electric by 35.5% during the 4th quarter. Leavell Investment Management Inc. now owns 11,472 shares of the conglomerate’s stock worth $1,917,000 after purchasing an additional 3,003 shares during the last quarter. Portfolio Design Labs LLC lifted its stake in shares of General Electric by 30.7% in the 4th quarter. Portfolio Design Labs LLC now owns 24,465 shares of the conglomerate’s stock valued at $4,081,000 after purchasing an additional 5,747 shares during the last quarter. Fishman Jay A Ltd. MI boosted its holdings in General Electric by 416.3% in the fourth quarter. Fishman Jay A Ltd. MI now owns 17,140 shares of the conglomerate’s stock worth $2,859,000 after purchasing an additional 13,820 shares in the last quarter. Finally, Cardinal Strategic Wealth Guidance bought a new stake in General Electric in the fourth quarter worth $288,000. 74.77% of the stock is owned by institutional investors and hedge funds.

General Electric Trading Up 0.4 %

General Electric stock opened at $209.71 on Thursday. The business has a 50 day moving average price of $180.75 and a two-hundred day moving average price of $178.56. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. General Electric has a 12 month low of $110.95 and a 12 month high of $211.42. The stock has a market cap of $225.08 billion, a price-to-earnings ratio of 35.01, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22.

General Electric (NYSE:GE) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, equities analysts forecast that General Electric will post 5.39 EPS for the current year.

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Friday, December 27th. General Electric’s payout ratio is 18.70%.

Insider Activity

In related news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GE. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Wells Fargo & Company increased their price target on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Citigroup boosted their price objective on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Northcoast Research assumed coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. Finally, Bank of America boosted their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, General Electric presently has a consensus rating of “Moderate Buy” and an average target price of $208.73.

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.