Napatree Capital LLC Purchases 80 Shares of General Electric (NYSE:GE)

Napatree Capital LLC raised its holdings in shares of General Electric (NYSE:GE) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,003 shares of the conglomerate’s stock after purchasing an additional 80 shares during the quarter. Napatree Capital LLC’s holdings in General Electric were worth $334,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hager Investment Management Services LLC bought a new position in General Electric in the fourth quarter valued at about $27,000. Sugar Maple Asset Management LLC acquired a new position in shares of General Electric in the fourth quarter worth approximately $29,000. CBIZ Investment Advisory Services LLC acquired a new position in shares of General Electric in the fourth quarter worth approximately $29,000. RPg Family Wealth Advisory LLC acquired a new position in shares of General Electric in the third quarter worth approximately $30,000. Finally, Picton Mahoney Asset Management lifted its stake in General Electric by 62.4% in the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock valued at $30,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Performance

NYSE:GE opened at $203.99 on Friday. The business’s 50-day moving average price is $198.63 and its two-hundred day moving average price is $185.01. General Electric has a twelve month low of $133.99 and a twelve month high of $212.19. The stock has a market cap of $218.94 billion, a P/E ratio of 34.06, a PEG ratio of 2.59 and a beta of 1.19. 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 (NYSE:GE) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate 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 predict that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.71%. General Electric’s dividend payout ratio is 24.04%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GE. Deutsche Bank Aktiengesellschaft lowered their target price on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Wells Fargo & Company upped their price target on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Bank of America upped their price target on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. Finally, Citigroup upped their price target on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $211.31.

General Electric Company 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.