1,278 Shares in General Electric (NYSE:GE) Bought by Partners Wealth Management LLC

Partners Wealth Management LLC purchased a new stake in shares of General Electric (NYSE:GE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,278 shares of the conglomerate's stock, valued at approximately $213,000.

A number of other institutional investors also recently modified their holdings of GE. Hennion & Walsh Asset Management Inc. lifted its position in General Electric by 69.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,357 shares of the conglomerate's stock worth $822,000 after acquiring an additional 1,790 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of General Electric by 0.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 30,671 shares of the conglomerate's stock worth $5,784,000 after purchasing an additional 209 shares during the last quarter. Dakota Wealth Management lifted its position in shares of General Electric by 21.8% during the 3rd quarter. Dakota Wealth Management now owns 8,086 shares of the conglomerate's stock worth $1,525,000 after purchasing an additional 1,449 shares during the last quarter. Trueblood Wealth Management LLC bought a new stake in General Electric during the 3rd quarter valued at approximately $220,000. Finally, Highland Capital Management LLC grew its holdings in General Electric by 88.7% in the 3rd quarter. Highland Capital Management LLC now owns 18,443 shares of the conglomerate's stock valued at $3,478,000 after buying an additional 8,667 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

General Electric Price Performance

General Electric stock traded down $0.21 during mid-day trading on Thursday, hitting $201.40. 3,478,607 shares of the company were exchanged, compared to its average volume of 5,245,807. General Electric has a 1-year low of $123.06 and a 1-year high of $212.19. 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 business has a fifty day moving average of $188.73 and a 200 day moving average of $181.58. The company has a market capitalization of $216.17 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 2.59 and a beta of 1.21.

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General Electric (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) 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, sell-side analysts expect 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. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.71%. General Electric's dividend payout ratio is 24.04%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft cut their price target on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. JPMorgan Chase & Co. upped their target price on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. Citigroup boosted their price objective on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, Redburn Atlantic started coverage on General Electric in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, General Electric currently has a consensus rating of "Moderate Buy" and a consensus price target of $211.31.

About General Electric

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.