HWG Holdings LP Boosts Position in General Electric (NYSE:GE)

HWG Holdings LP raised its position in General Electric (NYSE:GE) by 18,973.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,346 shares of the conglomerate’s stock after acquiring an additional 9,297 shares during the quarter. HWG Holdings LP’s holdings in General Electric were worth $1,763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brookstone Capital Management lifted its position in General Electric by 14.4% during the first quarter. Brookstone Capital Management now owns 21,347 shares of the conglomerate’s stock valued at $3,747,000 after purchasing an additional 2,682 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of General Electric by 6.6% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,377 shares of the conglomerate’s stock valued at $1,646,000 after buying an additional 579 shares in the last quarter. 180 Wealth Advisors LLC grew its stake in shares of General Electric by 2.2% during the 1st quarter. 180 Wealth Advisors LLC now owns 7,132 shares of the conglomerate’s stock valued at $1,252,000 after acquiring an additional 155 shares during the period. Fifth Third Wealth Advisors LLC raised its stake in General Electric by 27.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,930 shares of the conglomerate’s stock worth $865,000 after acquiring an additional 1,049 shares during the period. Finally, Capital Asset Advisory Services LLC lifted its holdings in General Electric by 8.3% during the first quarter. Capital Asset Advisory Services LLC now owns 2,291 shares of the conglomerate’s stock valued at $402,000 after purchasing an additional 175 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

General Electric Stock Up 0.3 %

Shares of NYSE GE opened at $180.25 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. General Electric has a 12-month low of $84.58 and a 12-month high of $194.80. The firm’s 50-day moving average price is $179.51 and its 200-day moving average price is $168.15. The stock has a market capitalization of $197.30 billion, a price-to-earnings ratio of 58.90, a P/E/G ratio of 1.86 and a beta of 1.18.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $9.84 billion for the quarter, compared to analysts’ expectations of $9.02 billion. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 earnings per share. On average, equities research analysts anticipate that General Electric will post 4.2 EPS for the current fiscal year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. General Electric’s payout ratio is 36.72%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of General Electric from $205.00 to $210.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup boosted their price objective on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upped their price objective on General Electric from $212.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Sanford C. Bernstein boosted their price target on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Barclays increased their price objective on shares of General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $200.93.

About General Electric

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.