Great Valley Advisor Group Inc. Purchases 74 Shares of General Electric (NYSE:GE)

Great Valley Advisor Group Inc. lifted its position in shares of General Electric (NYSE:GE) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,316 shares of the conglomerate’s stock after purchasing an additional 74 shares during the period. Great Valley Advisor Group Inc.’s holdings in General Electric were worth $550,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GE. Atlas Brown Inc. lifted its holdings in General Electric by 1.0% in the 4th quarter. Atlas Brown Inc. now owns 8,322 shares of the conglomerate’s stock worth $1,062,000 after buying an additional 85 shares during the period. Capital Analysts LLC raised its holdings in shares of General Electric by 55.8% during the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 87 shares in the last quarter. Capital Investment Counsel Inc lifted its stake in General Electric by 2.2% in the fourth quarter. Capital Investment Counsel Inc now owns 4,031 shares of the conglomerate’s stock worth $514,000 after acquiring an additional 88 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in General Electric by 9.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,027 shares of the conglomerate’s stock valued at $131,000 after acquiring an additional 91 shares in the last quarter. Finally, Ballast Advisors LLC increased its position in General Electric by 4.8% during the 4th quarter. Ballast Advisors LLC now owns 1,994 shares of the conglomerate’s stock valued at $254,000 after purchasing an additional 91 shares during the period. 74.77% of the stock is owned by institutional investors.

Insider Activity

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the transaction, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.66% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays dropped their target price on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. Royal Bank of Canada lifted their price target on shares of General Electric from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Wells Fargo & Company raised their target price on shares of General Electric from $165.00 to $192.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. JPMorgan Chase & Co. dropped their price target on General Electric from $180.00 to $148.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on General Electric from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $172.29.

General Electric Trading Up 0.9 %

General Electric stock opened at $164.11 on Friday. General Electric has a one year low of $77.93 and a one year high of $166.26. The business’s fifty day moving average is $161.93 and its 200 day moving average is $137.89. The stock has a market capitalization of $179.64 billion, a PE ratio of 53.81, a price-to-earnings-growth ratio of 2.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The firm had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.25 billion. During the same quarter last year, the firm posted $0.27 EPS. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, sell-side analysts predict that General Electric will post 3.96 EPS for the current year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, April 12th. This is a positive change from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. General Electric’s payout ratio is currently 36.72%.

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.