General Electric (NYSE:GE) Position Decreased by WESPAC Advisors LLC

WESPAC Advisors LLC decreased its holdings in shares of General Electric (NYSE:GEFree Report) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,299 shares of the conglomerate’s stock after selling 79 shares during the period. WESPAC Advisors LLC’s holdings in General Electric were worth $717,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Valley Wealth Managers Inc. bought a new position in shares of General Electric during the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new position in shares of General Electric during the 3rd quarter valued at about $27,000. Peterson Financial Group Inc. bought a new position in shares of General Electric during the 3rd quarter valued at about $28,000. RPg Family Wealth Advisory LLC acquired a new position in shares of General Electric in the third quarter worth about $30,000. Finally, Hager Investment Management Services LLC acquired a new position in shares of General Electric in the fourth quarter worth about $27,000. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. 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 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Citigroup raised their target price on shares of 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 raised their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Northcoast Research assumed coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $211.31.

Read Our Latest Stock Analysis on GE

General Electric Price Performance

NYSE GE opened at $199.90 on Friday. The firm has a market capitalization of $214.55 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. The company has a 50 day simple moving average of $186.57 and a 200-day simple moving average of $180.85. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a 52-week low of $119.88 and a 52-week high of $212.19.

General Electric (NYSE:GEGet Free Report) last issued its quarterly earnings data 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 fiscal year.

General Electric Increases Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 0.72%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio (DPR) is presently 18.70%.

General Electric Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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