Howe & Rusling Inc. Reduces Stock Position in General Electric (NYSE:GE)

Howe & Rusling Inc. reduced its position in General Electric (NYSE:GE) by 6.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,803 shares of the conglomerate’s stock after selling 262 shares during the period. Howe & Rusling Inc.’s holdings in General Electric were worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. NEOS Investment Management LLC lifted its position in General Electric by 17.7% during the fourth quarter. NEOS Investment Management LLC now owns 64,511 shares of the conglomerate’s stock valued at $10,760,000 after purchasing an additional 9,682 shares in the last quarter. UniSuper Management Pty Ltd increased its stake in shares of General Electric by 32.4% in the fourth quarter. UniSuper Management Pty Ltd now owns 64,557 shares of the conglomerate’s stock worth $10,767,000 after purchasing an additional 15,788 shares in the last quarter. Moment Partners LLC purchased a new position in shares of General Electric during the 4th quarter valued at $211,000. Sava Infond d.o.o. bought a new stake in General Electric during the fourth quarter valued at about $2,470,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of General Electric by 9.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,719,443 shares of the conglomerate’s stock worth $295,675,000 after acquiring an additional 145,301 shares during the period. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GE shares. Deutsche Bank Aktiengesellschaft reduced their price target 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. JPMorgan Chase & Co. increased their price target on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Wells Fargo & Company boosted their price objective on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. UBS Group raised their price objective on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Bank of America boosted their target price on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $211.31.

General Electric Trading Down 0.6 %

GE stock opened at $206.11 on Friday. General Electric has a 12 month low of $133.99 and a 12 month high of $214.21. The firm’s 50-day moving average is $201.18 and its 200 day moving average is $186.12. The company has a market capitalization of $221.21 billion, a PE ratio of 34.41, a P/E/G ratio of 2.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

General Electric (NYSE:GE) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping analysts’ consensus estimates 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, research analysts anticipate that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.70%. General Electric’s dividend payout ratio (DPR) is currently 24.04%.

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.