FOCUS Wealth Advisors LLC Purchases 598 Shares of General Electric (NYSE:GE)

FOCUS Wealth Advisors LLC increased its position in shares of General Electric (NYSE:GE) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,460 shares of the conglomerate’s stock after acquiring an additional 598 shares during the period. General Electric makes up about 1.2% of FOCUS Wealth Advisors LLC’s holdings, making the stock its 24th biggest position. FOCUS Wealth Advisors LLC’s holdings in General Electric were worth $2,187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Halpern Financial Inc. boosted its stake in shares of General Electric by 968.4% in the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 184 shares in the last quarter. Criterion Capital Advisors LLC bought a new position in shares of General Electric during the 4th quarter valued at $27,000. CGC Financial Services LLC grew its holdings in shares of General Electric by 90.2% during the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 110 shares during the last quarter. Capital Analysts LLC grew its holdings in shares of General Electric by 55.8% during the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 87 shares during the last quarter. Finally, Bfsg LLC bought a new position in shares of General Electric during the 4th quarter valued at $32,000. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

GE has been the topic of a number of recent analyst reports. Bank of America raised their price target on shares of General Electric from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Argus raised their price target on shares of General Electric from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Citigroup raised their price target on shares of General Electric from $120.43 to $186.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Jefferies Financial Group raised their price target on shares of General Electric from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Finally, Oppenheimer reissued a “market perform” rating on shares of General Electric in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $177.27.

Insider Transactions at General Electric

In other news, SVP Russell Stokes sold 45,309 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the completion of the transaction, the senior vice president now directly owns 112,958 shares of the company’s stock, valued at $18,391,821.56. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.66% of the company’s stock.

General Electric Price Performance

General Electric stock traded down $0.76 during trading on Friday, reaching $164.24. The company had a trading volume of 17,196,621 shares, compared to its average volume of 5,185,373. The firm’s 50-day simple moving average is $161.69 and its 200 day simple moving average is $149.99. General Electric has a 1-year low of $82.11 and a 1-year high of $170.80. The firm has a market capitalization of $179.78 billion, a PE ratio of 53.85, a price-to-earnings-growth ratio of 1.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.82 and a current ratio of 1.17.

General Electric (NYSE:GE) last posted its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping the consensus estimate of $0.65 by $0.17. The business had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. As a group, equities research analysts anticipate that General Electric will post 3.99 earnings per share for the current fiscal year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, July 11th. General Electric’s dividend payout ratio is presently 36.72%.

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.