General Electric (NYSE:GE) Stake Boosted by Everpar Advisors LLC

Everpar Advisors LLC raised its position in shares of General Electric (NYSE:GE) by 12.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,278 shares of the conglomerate’s stock after buying an additional 145 shares during the quarter. Everpar Advisors LLC’s holdings in General Electric were worth $213,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Tompkins Financial Corp boosted its stake in General Electric by 20.9% in the 4th quarter. Tompkins Financial Corp now owns 4,766 shares of the conglomerate’s stock worth $795,000 after purchasing an additional 825 shares during the period. Channel Wealth LLC lifted its holdings in shares of General Electric by 5.2% in the fourth quarter. Channel Wealth LLC now owns 2,678 shares of the conglomerate’s stock valued at $447,000 after purchasing an additional 132 shares in the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of General Electric in the fourth quarter worth $76,000. Certified Advisory Corp grew its holdings in shares of General Electric by 1.9% during the fourth quarter. Certified Advisory Corp now owns 6,778 shares of the conglomerate’s stock valued at $1,131,000 after buying an additional 126 shares in the last quarter. Finally, Bouvel Investment Partners LLC raised its position in General Electric by 1.0% during the fourth quarter. Bouvel Investment Partners LLC now owns 24,622 shares of the conglomerate’s stock valued at $4,107,000 after buying an additional 241 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

General Electric Stock Up 1.7 %

GE opened at $182.83 on Friday. The firm has a market cap of $197.87 billion, a P/E ratio of 32.13, a price-to-earnings-growth ratio of 1.40 and a beta of 1.19. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. The business has a 50 day moving average price of $174.38 and a 200 day moving average price of $173.83. General Electric has a twelve month low of $101.16 and a twelve month high of $194.80.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The business had revenue of $9.84 billion during the quarter, compared to analysts’ expectations of $9.02 billion. During the same period in the previous year, the company earned $0.82 earnings per share. General Electric’s revenue for the quarter was up 5.8% on a year-over-year basis. Research analysts forecast that General Electric will post 4.23 EPS for the current year.

General Electric Announces Dividend

The firm 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 $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, December 27th. General Electric’s dividend payout ratio is currently 19.68%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Northcoast Research assumed coverage on General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating for the company. Sanford C. Bernstein raised their price target on shares of General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Royal Bank of Canada dropped their price objective on shares of General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Bank of America lifted their target price on shares of General Electric from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, General Electric has a consensus rating of “Moderate Buy” and an average target price of $201.47.

Insider Transactions at General Electric

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

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.