MONECO Advisors LLC Buys 987 Shares of General Electric (NYSE:GE)

MONECO Advisors LLC grew its position in shares of General Electric (NYSE:GE) by 30.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,219 shares of the conglomerate’s stock after acquiring an additional 987 shares during the quarter. MONECO Advisors LLC’s holdings in General Electric were worth $704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in GE. Valley Wealth Managers Inc. bought a new stake in General Electric during the third quarter worth $25,000. Hager Investment Management Services LLC bought a new position in General Electric in the 4th quarter valued at $27,000. Peterson Financial Group Inc. purchased a new stake in shares of General Electric during the 3rd quarter valued at $28,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Electric during the 4th quarter worth $29,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of General Electric during the 3rd quarter worth $30,000. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Down 4.2 %

GE stock opened at $199.90 on Monday. General Electric has a twelve month low of $119.88 and a twelve month high of $212.19. The firm has a market capitalization of $214.55 billion, a PE ratio of 33.37, a PEG ratio of 2.59 and a beta of 1.22. 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 stock has a 50-day simple moving average of $186.57 and a two-hundred day simple moving average of $180.98.

General Electric (NYSE:GE) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) 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%. On average, equities analysts predict that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business 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 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 0.72%. General Electric’s payout ratio is currently 18.70%.

Analyst Ratings Changes

A number of research firms recently issued reports on GE. Wells Fargo & Company raised their price objective on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Redburn Atlantic assumed coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target on the stock. UBS Group upped 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. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Finally, Citigroup upped their price target on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $211.31.

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.