Motive Wealth Advisors Acquires Shares of 1,342 General Electric (NYSE:GE)

Motive Wealth Advisors bought a new position in shares of General Electric (NYSE:GE) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,342 shares of the conglomerate’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also modified their holdings of GE. Cornerstone Wealth Management LLC increased its position in General Electric by 1.5% during the 4th quarter. Cornerstone Wealth Management LLC now owns 9,658 shares of the conglomerate’s stock worth $1,611,000 after buying an additional 140 shares during the period. Brighton Jones LLC increased its position in General Electric by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the conglomerate’s stock worth $2,003,000 after acquiring an additional 2,421 shares during the period. Lincoln Capital Corp acquired a new stake in General Electric in the 4th quarter worth about $1,645,000. Cerro Pacific Wealth Advisors LLC bought a new stake in General Electric in the 4th quarter valued at about $198,000. Finally, FCG Investment Co grew its position in shares of General Electric by 3.3% during the 4th quarter. FCG Investment Co now owns 9,831 shares of the conglomerate’s stock worth $1,640,000 after purchasing an additional 310 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Insider Transactions at General Electric

In other news, SVP Riccardo Procacci sold 7,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the transaction, the senior vice president now directly owns 13,289 shares of the company’s stock, valued at $2,407,036.57. The trade was a 34.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction 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 trade represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GE. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday. Northcoast Research assumed coverage on General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating for the company. Melius Research raised their price target on General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Citigroup upped their price objective on shares of General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, General Electric presently has an average rating of “Moderate Buy” and an average target price of $203.80.

General Electric Stock Performance

Shares of GE stock opened at $200.66 on Friday. The business’s 50-day moving average price is $174.49 and its 200-day moving average price is $174.59. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. General Electric has a 12 month low of $101.16 and a 12 month high of $207.65. The firm has a market capitalization of $217.17 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 1.53 and a beta of 1.19.

General Electric (NYSE:GE) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 11.48% and a return on equity of 18.93%. Equities research analysts forecast that General Electric will post 4.23 EPS for the current year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.56%. General Electric’s payout ratio is 19.68%.

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.