Partners in Financial Planning Invests $564,000 in General Electric (NYSE:GE)

Partners in Financial Planning bought a new stake in General Electric (NYSE:GE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,382 shares of the conglomerate’s stock, valued at approximately $564,000.

Several other large investors have also modified their holdings of GE. Circle Wealth Management LLC bought a new stake in shares of General Electric in the 3rd quarter valued at approximately $226,000. L.M. Kohn & Company bought a new stake in General Electric during the third quarter valued at $255,000. Acropolis Investment Management LLC acquired a new stake in shares of General Electric during the third quarter worth $274,000. Erste Asset Management GmbH bought a new position in shares of General Electric in the 3rd quarter worth about $53,000. Finally, FSA Wealth Management LLC acquired a new position in shares of General Electric in the 3rd quarter valued at about $54,000. Institutional investors own 74.77% of the company’s stock.

General Electric Trading Down 3.0 %

Shares of NYSE:GE opened at $199.66 on Monday. The company has a 50 day moving average of $201.52 and a 200-day moving average of $186.64. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The firm has a market cap of $214.29 billion, a P/E ratio of 33.33, a P/E/G ratio of 2.59 and a beta of 1.19. General Electric has a twelve month low of $133.99 and a twelve month high of $214.21.

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

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Monday, March 10th. General Electric’s payout ratio is presently 24.04%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GE. Citigroup increased their price objective 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. JPMorgan Chase & Co. increased their price target on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. UBS Group boosted their price objective on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Wells Fargo & Company increased their target price on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.31.

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.