General Electric (NYSE:GE) Holdings Raised by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc boosted its holdings in General Electric (NYSE:GE) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,213 shares of the conglomerate’s stock after acquiring an additional 235 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in General Electric were worth $1,203,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sigma Planning Corp raised its position in General Electric by 3.3% in the fourth quarter. Sigma Planning Corp now owns 18,561 shares of the conglomerate’s stock worth $3,096,000 after acquiring an additional 596 shares in the last quarter. 44 Wealth Management LLC raised its position in General Electric by 8.0% in the fourth quarter. 44 Wealth Management LLC now owns 5,923 shares of the conglomerate’s stock worth $988,000 after acquiring an additional 439 shares in the last quarter. Winebrenner Capital Management LLC bought a new stake in General Electric in the fourth quarter worth about $227,000. Prentice Wealth Management LLC raised its position in General Electric by 9.7% in the fourth quarter. Prentice Wealth Management LLC now owns 2,530 shares of the conglomerate’s stock worth $422,000 after acquiring an additional 224 shares in the last quarter. Finally, Drum Hill Capital LLC acquired a new stake in General Electric during the 4th quarter worth about $287,000. 74.77% of the stock is currently owned by institutional investors.

General Electric Trading Down 4.2 %

Shares of NYSE GE opened at $199.90 on Monday. The stock has a market cap of $214.55 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 2.59 and a beta of 1.22. The business has a 50 day simple moving average of $186.57 and a 200 day simple moving average of $180.98. General Electric has a 52 week low of $119.88 and a 52 week high of $212.19. 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 (NYSE:GE) last announced its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 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%. On average, research analysts predict that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a $0.36 dividend. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.72%. General Electric’s payout ratio is 18.70%.

Analyst Ratings Changes

Several research firms have issued reports on GE. Wells Fargo & Company boosted their price objective on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Citigroup boosted their price objective on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Bank of America boosted their price objective on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Northcoast Research began coverage on General Electric in a report on Tuesday, January 7th. They set a “neutral” rating on the stock. Finally, Redburn Atlantic assumed coverage on General Electric in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective on the stock. Three research 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, 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.