1,832 Shares in General Electric (NYSE:GE) Acquired by PFW Advisors LLC

PFW Advisors LLC purchased a new stake in shares of General Electric (NYSE:GE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,832 shares of the conglomerate’s stock, valued at approximately $306,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its position in shares of General Electric by 34.4% in the second quarter. Oppenheimer & Co. Inc. now owns 38,068 shares of the conglomerate’s stock valued at $6,052,000 after purchasing an additional 9,745 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in shares of General Electric by 14.9% during the second quarter. GHP Investment Advisors Inc. now owns 1,167 shares of the conglomerate’s stock worth $186,000 after buying an additional 151 shares in the last quarter. Thoroughbred Financial Services LLC bought a new stake in shares of General Electric in the second quarter valued at about $907,000. Wealthspire Advisors LLC grew its stake in shares of General Electric by 19.6% in the second quarter. Wealthspire Advisors LLC now owns 18,563 shares of the conglomerate’s stock valued at $2,951,000 after acquiring an additional 3,042 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in General Electric during the second quarter worth about $556,000. 74.77% of the stock is owned by institutional investors.

Insider Transactions at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the sale, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the sale, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on GE. Bank of America increased their target price on General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada cut their price objective on General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft dropped their target price on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Wells Fargo & Company boosted their price target on General Electric from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Northcoast Research began coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $201.47.

General Electric Stock Performance

GE stock traded down $0.21 during midday trading on Monday, hitting $171.48. The company’s stock had a trading volume of 5,608,433 shares, compared to its average volume of 4,975,105. General Electric has a 1 year low of $100.95 and a 1 year high of $194.80. The stock has a market cap of $185.59 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 1.63 and a beta of 1.19. The stock’s 50-day moving average price is $174.34 and its 200 day moving average price is $173.54. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.82 earnings per share. On average, equities analysts forecast that General Electric will post 4.24 EPS for the current year.

General Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.65%. General Electric’s dividend payout ratio is presently 19.68%.

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.