National Wealth Management Group LLC Sells 430 Shares of General Electric (NYSE:GE)

National Wealth Management Group LLC lessened its stake in shares of General Electric (NYSE:GE) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,458 shares of the conglomerate’s stock after selling 430 shares during the period. National Wealth Management Group LLC’s holdings in General Electric were worth $744,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GE. Nemes Rush Group LLC lifted its stake in shares of General Electric by 35.9% in the fourth quarter. Nemes Rush Group LLC now owns 1,464 shares of the conglomerate’s stock worth $244,000 after buying an additional 387 shares in the last quarter. Tradewinds LLC. purchased a new position in General Electric in the 4th quarter worth approximately $180,000. National Bank of Canada FI boosted its stake in General Electric by 2.9% during the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the conglomerate’s stock valued at $177,535,000 after purchasing an additional 29,844 shares during the last quarter. Family Legacy Inc. lifted its holdings in shares of General Electric by 3.7% during the fourth quarter. Family Legacy Inc. now owns 14,010 shares of the conglomerate’s stock valued at $2,422,000 after purchasing an additional 500 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG boosted its position in shares of General Electric by 26.1% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 45,383 shares of the conglomerate’s stock valued at $7,569,000 after buying an additional 9,393 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GE shares. Wells Fargo & Company upped their target price on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. 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. Deutsche Bank Aktiengesellschaft decreased their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Northcoast Research started coverage on General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. Finally, Redburn Atlantic started coverage on General Electric in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective for the company. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Price Performance

Shares of General Electric stock opened at $200.29 on Tuesday. The company has a market capitalization of $214.97 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 2.59 and a beta of 1.19. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock’s 50-day simple moving average is $201.87 and its 200-day simple moving average is $186.85. General Electric has a 52 week low of $133.99 and a 52 week high of $214.21.

General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping 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%. As a group, analysts expect that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 annualized dividend and a yield of 0.72%. This is a boost from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is presently 24.04%.

General Electric 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.