bLong Financial LLC Makes New Investment in General Electric (NYSE:GE)

bLong Financial LLC purchased a new stake in shares of General Electric (NYSE:GE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,280 shares of the conglomerate's stock, valued at approximately $213,000.

A number of other large investors have also added to or reduced their stakes in the company. Red Door Wealth Management LLC boosted its stake in shares of General Electric by 4.0% during the 4th quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate's stock valued at $241,000 after purchasing an additional 56 shares in the last quarter. Saxon Interests Inc. boosted its holdings in shares of General Electric by 4.2% during the 4th quarter. Saxon Interests Inc. now owns 1,425 shares of the conglomerate's stock valued at $238,000 after buying an additional 57 shares in the last quarter. Old North State Wealth Management LLC grew its position in shares of General Electric by 3.0% in the 4th quarter. Old North State Wealth Management LLC now owns 1,981 shares of the conglomerate's stock worth $331,000 after buying an additional 58 shares during the period. Northeast Investment Management increased its stake in shares of General Electric by 2.2% in the 4th quarter. Northeast Investment Management now owns 2,708 shares of the conglomerate's stock worth $452,000 after acquiring an additional 59 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. lifted its position in General Electric by 1.0% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,299 shares of the conglomerate's stock valued at $1,188,000 after acquiring an additional 60 shares during the period. Institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

GE has been the topic of several recent research reports. UBS Group upped their price target on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Redburn Atlantic started coverage on General Electric in a report on Tuesday. They set a "buy" rating and a $250.00 price target for the company. Citigroup upped their price target on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, General Electric has a consensus rating of "Moderate Buy" and an average price target of $211.31.

General Electric Trading Up 0.1 %

Shares of General Electric stock traded up $0.20 on Wednesday, reaching $210.28. The company had a trading volume of 2,697,067 shares, compared to its average volume of 5,496,679. The firm has a market cap of $225.69 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 2.59 and a beta of 1.22. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The firm's 50-day moving average price is $184.18 and its two-hundred day moving average price is $180.02. General Electric has a 1 year low of $118.13 and a 1 year high of $212.19.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating 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, research analysts predict that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a $0.36 dividend. This is a positive change from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.68%. General Electric's dividend payout ratio is 18.70%.

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.