General Electric (NYSE:GE) Shares Purchased by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC grew its holdings in shares of General Electric (NYSE:GE) by 11.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,296 shares of the conglomerate’s stock after purchasing an additional 231 shares during the period. Baker Tilly Wealth Management LLC’s holdings in General Electric were worth $433,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. FCG Investment Co boosted its position in General Electric by 8.9% during the 3rd quarter. FCG Investment Co now owns 9,521 shares of the conglomerate’s stock worth $1,795,000 after purchasing an additional 776 shares during the period. Cavalier Investments LLC lifted its stake in shares of General Electric by 6.5% during the third quarter. Cavalier Investments LLC now owns 21,577 shares of the conglomerate’s stock worth $4,069,000 after purchasing an additional 1,311 shares in the last quarter. Park Edge Advisors LLC boosted its position in shares of General Electric by 1.7% in the third quarter. Park Edge Advisors LLC now owns 7,842 shares of the conglomerate’s stock worth $1,479,000 after buying an additional 130 shares during the period. J.W. Cole Advisors Inc. boosted its position in shares of General Electric by 1.6% in the third quarter. J.W. Cole Advisors Inc. now owns 10,891 shares of the conglomerate’s stock worth $2,054,000 after buying an additional 176 shares during the period. Finally, Bristlecone Advisors LLC grew its stake in shares of General Electric by 7.9% in the third quarter. Bristlecone Advisors LLC now owns 1,366 shares of the conglomerate’s stock valued at $258,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GE shares. Wells Fargo & Company upped their price target on General Electric from $205.00 to $210.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Bank of America boosted their price target on General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Melius Research raised their price objective on General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Barclays lifted their price objective on General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Finally, Royal Bank of Canada reduced their target price on General Electric from $210.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, General Electric currently has an average rating of “Moderate Buy” and an average price target of $200.93.

General Electric Trading Up 0.3 %

Shares of General Electric stock opened at $179.65 on Monday. The business has a fifty day simple moving average of $179.90 and a 200-day simple moving average of $168.56. General Electric has a fifty-two week low of $84.66 and a fifty-two week high of $194.80. The firm has a market cap of $194.80 billion, a price-to-earnings ratio of 31.48, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95.

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, beating analysts’ consensus estimates of $1.13 by $0.02. The company had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. General Electric’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.82 EPS. On average, equities analysts forecast that General Electric will post 4.2 EPS for the current fiscal year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 0.62%. General Electric’s dividend payout ratio (DPR) is 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.