General Electric (NYSE:GE) Shares Purchased by WR Wealth Planners LLC

WR Wealth Planners LLC raised its position in General Electric (NYSE:GE) by 30.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 239 shares of the conglomerate’s stock after acquiring an additional 56 shares during the quarter. WR Wealth Planners LLC’s holdings in General Electric were worth $40,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Stephens Inc. AR lifted its stake in shares of General Electric by 5.7% in the third quarter. Stephens Inc. AR now owns 30,587 shares of the conglomerate’s stock worth $5,768,000 after acquiring an additional 1,654 shares in the last quarter. Focus Financial Network Inc. increased its holdings in General Electric by 7.5% during the 3rd quarter. Focus Financial Network Inc. now owns 4,222 shares of the conglomerate’s stock worth $796,000 after purchasing an additional 293 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of General Electric by 4.2% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,552 shares of the conglomerate’s stock valued at $293,000 after purchasing an additional 63 shares in the last quarter. Capital Advisors Inc. OK raised its position in shares of General Electric by 33.9% in the 3rd quarter. Capital Advisors Inc. OK now owns 5,490 shares of the conglomerate’s stock valued at $1,035,000 after purchasing an additional 1,389 shares in the last quarter. Finally, F M Investments LLC purchased a new position in shares of General Electric during the 3rd quarter valued at approximately $297,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Stock Performance

GE stock opened at $207.22 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a 1 year low of $124.08 and a 1 year high of $212.19. The stock’s fifty day moving average is $190.24 and its two-hundred day moving average is $182.20. The stock has a market capitalization of $222.40 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.59 and a beta of 1.22.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, research analysts predict that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders 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 dividend yield of 0.69%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio (DPR) is 24.04%.

Analysts Set New Price Targets

GE has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Citigroup boosted their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. UBS Group increased their price target on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Finally, Redburn Atlantic initiated coverage on General Electric in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.31.

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.