Stonebridge Financial Group LLC Takes Position in General Electric (NYSE:GE)

Stonebridge Financial Group LLC purchased a new position in General Electric (NYSE:GE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,014 shares of the conglomerate’s stock, valued at approximately $169,000.

Other large investors also recently bought and sold shares of the company. Toth Financial Advisory Corp purchased a new position in shares of General Electric in the 3rd quarter worth about $25,000. Valley Wealth Managers Inc. bought a new stake in General Electric during the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new position in General Electric in the third quarter worth about $27,000. Peterson Financial Group Inc. bought a new position in shares of General Electric in the third quarter worth approximately $28,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of General Electric during the third quarter valued at approximately $30,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

General Electric Trading Up 0.4 %

Shares of GE stock opened at $209.71 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The company has a market cap of $225.08 billion, a price-to-earnings ratio of 35.01, a PEG ratio of 2.56 and a beta of 1.22. General Electric has a 1 year low of $110.95 and a 1 year high of $211.42. The firm has a fifty day moving average price of $180.75 and a 200-day moving average price of $178.56.

General Electric (NYSE:GE) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) 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, equities analysts predict that General Electric will post 5.39 earnings per share for the current year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Friday, December 27th. General Electric’s payout ratio is 18.70%.

Insiders Place Their Bets

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the sale, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on GE. Northcoast Research started coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Bank of America boosted their target price on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Melius Research raised their price target on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their price target on shares of General Electric from $225.00 to $250.00 and gave the stock 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 stock. According to data from MarketBeat.com, General Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.73.

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.