Sabal Trust CO Has $1.53 Million Position in General Electric (NYSE:GE)

Sabal Trust CO cut its position in shares of General Electric (NYSE:GE) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,182 shares of the conglomerate’s stock after selling 280 shares during the period. Sabal Trust CO’s holdings in General Electric were worth $1,531,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GE. Valley Wealth Managers Inc. acquired a new stake in shares of General Electric during the 3rd quarter worth approximately $25,000. Hager Investment Management Services LLC bought a new stake in General Electric during the 4th quarter worth about $27,000. Peterson Financial Group Inc. acquired a new position in General Electric during the 3rd quarter worth $28,000. Sugar Maple Asset Management LLC bought a new position in General Electric in the fourth quarter valued at about $29,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of General Electric during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Price Performance

NYSE GE opened at $199.20 on Wednesday. The stock has a market capitalization of $213.80 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 2.59 and a beta of 1.21. 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 1-year low of $122.48 and a 1-year high of $212.19. The business’s fifty day moving average price is $187.90 and its 200-day moving average price is $181.44.

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 analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, equities analysts predict that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have commented on GE shares. Bank of America upped their target price on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Northcoast Research started coverage on General Electric in a report on Tuesday, January 7th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. lifted their target price on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. UBS Group upped their price objective on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $211.31.

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.