Evoke Wealth LLC Acquires 351 Shares of General Electric (NYSE:GE)

Evoke Wealth LLC grew its holdings in General Electric (NYSE:GE) by 11.8% in the 4th quarter, HoldingsChannel reports. The firm owned 3,334 shares of the conglomerate’s stock after buying an additional 351 shares during the quarter. Evoke Wealth LLC’s holdings in General Electric were worth $557,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of General Electric in the 3rd quarter valued at about $30,000. Hager Investment Management Services LLC bought a new stake in shares of General Electric in the 4th quarter valued at about $27,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Electric in the 4th quarter valued at about $29,000. CBIZ Investment Advisory Services LLC bought a new position in shares of General Electric during the 4th quarter worth approximately $29,000. Finally, Picton Mahoney Asset Management lifted its position in General Electric by 62.4% during the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Citigroup increased their target price on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Redburn Atlantic assumed coverage on shares of General Electric in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Northcoast Research assumed coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating for the company. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $211.31.

General Electric Stock Down 0.6 %

NYSE:GE opened at $200.74 on Wednesday. The firm has a market capitalization of $215.45 billion, a P/E ratio of 33.51, a PEG ratio of 2.59 and a beta of 1.19. General Electric has a 1-year low of $133.99 and a 1-year high of $212.19. The company’s fifty day moving average price is $196.70 and its 200-day moving average price is $184.38. 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 (NYSE:GE) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping 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%. As a group, equities research analysts anticipate that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is presently 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.