Lifeworks Advisors LLC Acquires 485 Shares of General Electric (NYSE:GE)

Lifeworks Advisors LLC boosted its stake in shares of General Electric (NYSE:GE) by 35.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,853 shares of the conglomerate’s stock after acquiring an additional 485 shares during the period. Lifeworks Advisors LLC’s holdings in General Electric were worth $309,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Johnson & White Wealth Management LLC purchased a new stake in General Electric during the fourth quarter valued at approximately $733,000. State Street Corp lifted its position in shares of General Electric by 2.1% during the third quarter. State Street Corp now owns 43,322,827 shares of the conglomerate’s stock worth $8,181,801,000 after purchasing an additional 898,296 shares during the last quarter. Soltis Investment Advisors LLC boosted its position in General Electric by 269.8% in the 3rd quarter. Soltis Investment Advisors LLC now owns 28,201 shares of the conglomerate’s stock valued at $5,318,000 after buying an additional 20,575 shares during the period. World Investment Advisors LLC boosted its holdings in shares of General Electric by 60.7% in the third quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate’s stock valued at $2,576,000 after purchasing an additional 5,162 shares during the period. Finally, National Pension Service grew its stake in General Electric by 1.7% in the fourth quarter. National Pension Service now owns 2,254,637 shares of the conglomerate’s stock worth $376,051,000 after purchasing an additional 37,884 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

General Electric Stock Performance

Shares of GE opened at $194.08 on Friday. General Electric has a 12 month low of $130.38 and a 12 month high of $212.19. The stock has a fifty day moving average price of $193.02 and a 200-day moving average price of $183.11. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The firm has a market cap of $208.31 billion, a PE ratio of 32.40, a P/E/G ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Equities 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. Shareholders 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 0.74%. The ex-dividend date is Monday, March 10th. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is currently 24.04%.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Northcoast Research began coverage on General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating for the company. Redburn Atlantic began coverage on shares of General Electric in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price on the stock. Citigroup raised their target price on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company upped their price target on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, General Electric has an average rating of “Moderate Buy” and an average price target 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.