1,715 Shares in General Electric (NYSE:GE) Acquired by First Financial Group Corp

First Financial Group Corp bought a new position in shares of General Electric (NYSE:GE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,715 shares of the conglomerate’s stock, valued at approximately $286,000.

A number of other hedge funds have also recently bought and sold shares of GE. Valley Wealth Managers Inc. purchased a new position in General Electric during the third quarter worth approximately $25,000. Peterson Financial Group Inc. purchased a new position in General Electric during the third quarter worth approximately $28,000. RPg Family Wealth Advisory LLC purchased a new position in General Electric during the third quarter worth approximately $30,000. Hager Investment Management Services LLC purchased a new position in General Electric during the fourth quarter worth approximately $27,000. Finally, Sugar Maple Asset Management LLC purchased a new position in General Electric during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GE shares. 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 note on Friday, January 24th. Citigroup raised their target price on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Northcoast Research initiated coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. Wells Fargo & Company raised their target price on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, Redburn Atlantic initiated coverage on shares of General Electric in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Price Performance

Shares of GE stock opened at $197.39 on Friday. The firm has a market cap of $211.85 billion, a P/E ratio of 32.95, a P/E/G ratio of 2.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a 1-year low of $131.91 and a 1-year high of $212.19. The firm has a fifty day moving average of $195.54 and a two-hundred day moving average of $183.82.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. As a group, research analysts anticipate that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed 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 is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.73%. The ex-dividend date is Monday, March 10th. General Electric’s dividend payout ratio (DPR) is currently 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.