Members Trust Co Sells 254 Shares of General Electric (NYSE:GE)

Members Trust Co lessened its stake in shares of General Electric (NYSE:GE) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,674 shares of the conglomerate’s stock after selling 254 shares during the period. Members Trust Co’s holdings in General Electric were worth $446,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Manchester Capital Management LLC boosted its holdings in General Electric by 39.3% during the fourth quarter. Manchester Capital Management LLC now owns 1,153 shares of the conglomerate’s stock valued at $192,000 after acquiring an additional 325 shares during the period. Nations Financial Group Inc. IA ADV boosted its holdings in General Electric by 9.7% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 2,528 shares of the conglomerate’s stock valued at $422,000 after acquiring an additional 223 shares during the period. Spinnaker Trust boosted its holdings in General Electric by 0.8% during the fourth quarter. Spinnaker Trust now owns 8,267 shares of the conglomerate’s stock valued at $1,379,000 after acquiring an additional 62 shares during the period. WASHINGTON TRUST Co boosted its holdings in General Electric by 1.2% during the fourth quarter. WASHINGTON TRUST Co now owns 6,053 shares of the conglomerate’s stock valued at $1,010,000 after acquiring an additional 70 shares during the period. Finally, Valeo Financial Advisors LLC boosted its holdings in General Electric by 10.3% during the fourth quarter. Valeo Financial Advisors LLC now owns 19,595 shares of the conglomerate’s stock valued at $3,268,000 after acquiring an additional 1,836 shares during the period. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on GE. Northcoast Research began coverage on shares of General Electric in a report on Tuesday, January 7th. They set a “neutral” rating for the company. Wells Fargo & Company upped their price target on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Citigroup increased their target price on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. UBS Group increased their target price on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $208.73.

General Electric Stock Performance

NYSE:GE opened at $208.62 on Friday. General Electric has a 12-month low of $117.43 and a 12-month high of $211.42. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $223.91 billion, a PE ratio of 34.83, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22. The firm has a 50-day moving average price of $182.00 and a 200 day moving average price of $178.98.

General Electric (NYSE:GE) last posted its quarterly earnings results 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%. Research analysts anticipate that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.69%. General Electric’s dividend payout ratio (DPR) is presently 18.70%.

Insider Transactions at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the sale, the senior vice president now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.66% of the company’s stock.

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.