General Electric (NYSE:GE) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV lessened its stake in General Electric (NYSE:GE) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,757 shares of the conglomerate’s stock after selling 319 shares during the quarter. Forte Capital LLC ADV’s holdings in General Electric were worth $793,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GE. McAdam LLC increased its holdings in shares of General Electric by 4.2% in the third quarter. McAdam LLC now owns 2,542 shares of the conglomerate’s stock valued at $479,000 after purchasing an additional 103 shares during the last quarter. Brighton Jones LLC increased its stake in General Electric by 19.5% during the third quarter. Brighton Jones LLC now owns 9,587 shares of the conglomerate’s stock worth $1,808,000 after acquiring an additional 1,567 shares during the last quarter. Great Lakes Retirement Inc. increased its stake in General Electric by 169.2% during the third quarter. Great Lakes Retirement Inc. now owns 2,455 shares of the conglomerate’s stock worth $463,000 after acquiring an additional 1,543 shares during the last quarter. Romano Brothers AND Company acquired a new stake in General Electric during the third quarter worth $207,000. Finally, Hennion & Walsh Asset Management Inc. increased its stake in General Electric by 69.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,357 shares of the conglomerate’s stock worth $822,000 after acquiring an additional 1,790 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

GE has been the subject of several recent analyst reports. Northcoast Research initiated coverage on General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft cut their target price 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. Redburn Atlantic initiated coverage on General Electric in a research note on Tuesday. They set a “buy” rating and a $250.00 target price for the company. Citigroup raised their target price on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. 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, January 24th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $211.31.

General Electric Trading Down 4.2 %

NYSE:GE opened at $199.90 on Friday. The firm has a market cap of $214.55 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 2.62 and a beta of 1.22. The stock has a fifty day moving average price of $186.57 and a 200 day moving average price of $180.72. General Electric has a 12-month low of $119.88 and a 12-month high of $212.19. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE) last announced its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts anticipate that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is 24.04%.

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.