John G Ullman & Associates Inc. Decreases Holdings in General Electric (NYSE:GE)

John G Ullman & Associates Inc. decreased its position in shares of General Electric (NYSE:GE) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,817 shares of the conglomerate’s stock after selling 232 shares during the quarter. John G Ullman & Associates Inc.’s holdings in General Electric were worth $2,305,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Onefund LLC raised its position in shares of General Electric by 2.6% during the 4th quarter. Onefund LLC now owns 2,924 shares of the conglomerate’s stock worth $488,000 after purchasing an additional 75 shares during the last quarter. Metis Global Partners LLC raised its position in shares of General Electric by 1.0% during the 4th quarter. Metis Global Partners LLC now owns 55,077 shares of the conglomerate’s stock worth $9,186,000 after purchasing an additional 562 shares during the last quarter. Providence First Trust Co acquired a new position in shares of General Electric during the 4th quarter worth approximately $1,807,000. Fisher Asset Management LLC raised its position in shares of General Electric by 24.3% during the 4th quarter. Fisher Asset Management LLC now owns 13,780 shares of the conglomerate’s stock worth $2,299,000 after purchasing an additional 2,693 shares during the last quarter. Finally, WR Wealth Planners LLC raised its position in shares of General Electric by 30.6% during the 4th quarter. WR Wealth Planners LLC now owns 239 shares of the conglomerate’s stock worth $40,000 after purchasing an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Stock Up 2.9 %

Shares of General Electric stock opened at $207.22 on Friday. The company has a fifty day moving average price of $190.24 and a 200 day moving average price of $182.10. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a twelve month low of $124.08 and a twelve month high of $212.19. The stock has a market cap of $222.40 billion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22.

General Electric (NYSE:GE) last announced its quarterly 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 net margin of 14.31% and a return on equity of 22.19%. Equities research analysts forecast that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently declared 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 represents a $1.44 dividend on an annualized basis and a yield of 0.69%. This is a boost from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is 24.04%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GE shares. Bank of America lifted their price objective on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Redburn Atlantic began coverage on General Electric in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target for the company. Northcoast Research began coverage on General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating for the company. Finally, Wells Fargo & Company boosted their price target on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, General Electric currently has an average rating of “Moderate Buy” and an average price target 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.