SRS Capital Advisors Inc. Sells 96 Shares of General Electric (NYSE:GE)

SRS Capital Advisors Inc. lowered its position in General Electric (NYSE:GE) by 1.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,829 shares of the conglomerate’s stock after selling 96 shares during the period. SRS Capital Advisors Inc.’s holdings in General Electric were worth $806,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. MMA Asset Management LLC purchased a new position in shares of General Electric in the fourth quarter valued at about $364,000. Kohmann Bosshard Financial Services LLC bought a new stake in General Electric during the 4th quarter valued at approximately $174,000. Smartleaf Asset Management LLC lifted its holdings in General Electric by 32.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,040 shares of the conglomerate’s stock worth $1,183,000 after purchasing an additional 1,712 shares in the last quarter. Bridges Investment Management Inc. boosted its stake in General Electric by 1.8% in the 4th quarter. Bridges Investment Management Inc. now owns 9,610 shares of the conglomerate’s stock worth $1,603,000 after purchasing an additional 171 shares during the period. Finally, Cape Investment Advisory Inc. grew its holdings in General Electric by 7.3% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,204 shares of the conglomerate’s stock valued at $201,000 after buying an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Trading Up 2.9 %

Shares of GE opened at $207.22 on Monday. The company’s fifty day simple moving average is $190.24 and its 200-day simple moving average is $182.20. The company has a market cap of $222.40 billion, a P/E ratio of 34.59, a P/E/G ratio of 2.59 and a beta of 1.22. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a twelve month low of $124.08 and a twelve month high of $212.19.

General Electric (NYSE:GE) last posted its quarterly earnings data 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%. As a group, analysts expect that General Electric will post 5.4 EPS for the current 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 issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.69%. This is a boost from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is presently 24.04%.

Analysts Set New Price Targets

Several equities analysts have recently commented on GE shares. UBS Group boosted their target price on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Redburn Atlantic started coverage on shares of General Electric in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective for the company. Wells Fargo & Company lifted their target price on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Bank of America increased their price target on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Northcoast Research started coverage on General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, General Electric has an average rating of “Moderate Buy” and a consensus 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.