General Electric (NYSE:GE) is Certuity LLC’s 4th Largest Position

Certuity LLC grew its holdings in shares of General Electric (NYSE:GE) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 308,374 shares of the conglomerate’s stock after buying an additional 1,498 shares during the quarter. General Electric accounts for about 3.9% of Certuity LLC’s investment portfolio, making the stock its 4th largest holding. Certuity LLC’s holdings in General Electric were worth $49,022,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in GE. MFA Wealth Advisors LLC acquired a new stake in shares of General Electric during the 2nd quarter valued at approximately $31,000. Kapitalo Investimentos Ltda acquired a new stake in shares of General Electric during the 4th quarter valued at approximately $32,000. Financial Connections Group Inc. acquired a new stake in shares of General Electric during the 2nd quarter valued at approximately $32,000. Richardson Financial Services Inc. acquired a new stake in shares of General Electric during the 1st quarter valued at approximately $34,000. Finally, Macroview Investment Management LLC increased its position in General Electric by 37.9% in the second quarter. Macroview Investment Management LLC now owns 211 shares of the conglomerate’s stock worth $34,000 after buying an additional 58 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GE has been the topic of several analyst reports. Royal Bank of Canada increased their target price on General Electric from $175.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. increased their target price on General Electric from $148.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. Barclays increased their target price on General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. UBS Group increased their target price on General Electric from $201.00 to $209.00 and gave the stock a “buy” rating in a research report on Monday, July 1st. Finally, Jefferies Financial Group increased their target price on General Electric from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $190.38.

General Electric Price Performance

Shares of GE opened at $161.23 on Friday. The stock’s fifty day moving average is $165.78 and its 200-day moving average is $163.28. General Electric has a one year low of $84.42 and a one year high of $177.20. The firm has a market capitalization of $176.48 billion, a price-to-earnings ratio of 52.86, a price-to-earnings-growth ratio of 1.73 and a beta of 1.18. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.14.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.21. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The business had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter last year, the business posted $0.68 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Equities analysts anticipate that General Electric will post 4.2 EPS for the current year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.12 annualized dividend and a yield of 0.69%. General Electric’s dividend payout ratio is currently 36.72%.

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.