Mascoma Wealth Management LLC Purchases 116 Shares of General Electric (NYSE:GE)

Mascoma Wealth Management LLC lifted its position in General Electric (NYSE:GE) by 33.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 461 shares of the conglomerate’s stock after purchasing an additional 116 shares during the quarter. Mascoma Wealth Management LLC’s holdings in General Electric were worth $77,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research firms have commented on GE. Citigroup boosted their price target 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. upped their target price on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Wells Fargo & Company raised their price target on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. UBS Group lifted their price target on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Bank of America increased their price objective 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 research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, General Electric has an average rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Stock Performance

NYSE:GE opened at $195.21 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a fifty-two week low of $131.91 and a fifty-two week high of $212.19. The firm has a market cap of $209.52 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The business has a 50 day moving average price of $194.56 and a 200-day moving average price of $183.58.

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, beating the consensus estimate 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 predict that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a $0.36 dividend. The ex-dividend date is Monday, March 10th. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.74%. General Electric’s dividend payout ratio (DPR) is presently 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.