BluePath Capital Management LLC Acquires 87 Shares of General Electric (NYSE:GE)

BluePath Capital Management LLC grew its position in General Electric (NYSE:GE) by 6.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,373 shares of the conglomerate’s stock after buying an additional 87 shares during the period. BluePath Capital Management LLC’s holdings in General Electric were worth $259,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in GE. Studio Investment Management LLC lifted its holdings in shares of General Electric by 97.5% in the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 78 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in General Electric during the third quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new position in General Electric during the third quarter worth approximately $27,000. MFA Wealth Advisors LLC acquired a new position in General Electric during the second quarter worth approximately $31,000. Finally, Financial Connections Group Inc. acquired a new position in General Electric during the second quarter worth approximately $32,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GE. Melius Research boosted their price target on General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on General Electric from $212.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Sanford C. Bernstein boosted their price objective on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Bank of America boosted their price objective on General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada reduced their price objective on General Electric from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $200.93.

General Electric Stock Down 0.0 %

Shares of NYSE:GE opened at $171.70 on Friday. The company has a fifty day moving average of $180.20 and a 200-day moving average of $169.01. The company has a market capitalization of $185.83 billion, a PE ratio of 30.18, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. General Electric has a 52-week low of $85.89 and a 52-week high of $194.80.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The firm had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same period last year, the business posted $0.82 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. On average, equities analysts predict that General Electric will post 4.22 EPS for the current fiscal year.

General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.65%. General Electric’s dividend payout ratio (DPR) is presently 19.68%.

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.