General Electric (NYSE:GE) Shares Bought by Capital Advisors Inc. OK

Capital Advisors Inc. OK boosted its holdings in shares of General Electric (NYSE:GE) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,728 shares of the conglomerate’s stock after buying an additional 238 shares during the quarter. Capital Advisors Inc. OK’s holdings in General Electric were worth $955,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Leavell Investment Management Inc. raised its position in shares of General Electric by 35.5% in the fourth quarter. Leavell Investment Management Inc. now owns 11,472 shares of the conglomerate’s stock valued at $1,917,000 after buying an additional 3,003 shares during the last quarter. Portfolio Design Labs LLC raised its position in shares of General Electric by 30.7% in the fourth quarter. Portfolio Design Labs LLC now owns 24,465 shares of the conglomerate’s stock valued at $4,081,000 after buying an additional 5,747 shares during the last quarter. Fishman Jay A Ltd. MI raised its position in shares of General Electric by 416.3% in the fourth quarter. Fishman Jay A Ltd. MI now owns 17,140 shares of the conglomerate’s stock valued at $2,859,000 after buying an additional 13,820 shares during the last quarter. Cardinal Strategic Wealth Guidance acquired a new position in shares of General Electric in the fourth quarter valued at approximately $288,000. Finally, New Republic Capital LLC raised its position in shares of General Electric by 7.0% in the fourth quarter. New Republic Capital LLC now owns 1,876 shares of the conglomerate’s stock valued at $313,000 after buying an additional 123 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analysts Set New Price Targets

GE has been the subject of a number of analyst reports. Melius Research boosted their price objective on shares of General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Citigroup boosted their price objective on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. Finally, UBS Group upped their price target on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $208.73.

General Electric Price Performance

GE opened at $209.03 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. General Electric has a 52-week low of $110.95 and a 52-week high of $209.15. The company has a 50 day moving average of $180.18 and a two-hundred day moving average of $178.28. The company has a market cap of $224.35 billion, a P/E ratio of 34.90, a P/E/G ratio of 2.56 and a beta of 1.21.

General Electric (NYSE:GE) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, analysts expect that General Electric will post 5.39 earnings per share for the current year.

General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were paid a $0.28 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.54%. General Electric’s dividend payout ratio (DPR) is presently 18.70%.

Insider Activity

In other news, SVP Russell Stokes sold 15,550 shares of the company’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 completion of the transaction, the senior vice president now directly owns 148,857 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.66% of the company’s stock.

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.