Bedel Financial Consulting Inc. Has $249,000 Holdings in General Electric (NYSE:GE)

Bedel Financial Consulting Inc. raised its position in shares of General Electric (NYSE:GE) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,494 shares of the conglomerate’s stock after purchasing an additional 60 shares during the period. Bedel Financial Consulting Inc.’s holdings in General Electric were worth $249,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Valley Wealth Managers Inc. acquired a new position in shares of General Electric during the 3rd quarter worth about $25,000. Peterson Financial Group Inc. bought a new position in General Electric in the 3rd quarter worth approximately $28,000. RPg Family Wealth Advisory LLC acquired a new position in shares of General Electric during the third quarter worth approximately $30,000. Hager Investment Management Services LLC bought a new stake in shares of General Electric in the fourth quarter valued at approximately $27,000. Finally, Costello Asset Management INC grew its stake in shares of General Electric by 92.0% in the third quarter. Costello Asset Management INC now owns 167 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 80 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GE shares. JPMorgan Chase & Co. boosted their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Northcoast Research assumed coverage on General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating for the company. Redburn Atlantic initiated coverage on General Electric in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Finally, Citigroup lifted their price target on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, General Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Trading Down 1.6 %

GE stock opened at $198.82 on Wednesday. General Electric has a 52 week low of $125.26 and a 52 week high of $212.19. The company has a market capitalization of $213.39 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. The company’s 50-day simple moving average is $191.44 and its 200 day simple moving average is $182.63. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, sell-side analysts anticipate that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. This is an increase from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.72%. General Electric’s dividend payout ratio is currently 24.04%.

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.