Winebrenner Capital Management LLC Purchases New Position in General Electric (NYSE:GE)

Winebrenner Capital Management LLC acquired a new stake in shares of General Electric (NYSE:GE - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,362 shares of the conglomerate's stock, valued at approximately $227,000.

A number of other large investors also recently modified their holdings of GE. McAdam LLC lifted its position in shares of General Electric by 4.2% in the third quarter. McAdam LLC now owns 2,542 shares of the conglomerate's stock valued at $479,000 after acquiring an additional 103 shares in the last quarter. Brighton Jones LLC lifted its holdings in General Electric by 19.5% in the 3rd quarter. Brighton Jones LLC now owns 9,587 shares of the conglomerate's stock worth $1,808,000 after purchasing an additional 1,567 shares in the last quarter. Great Lakes Retirement Inc. lifted its holdings in General Electric by 169.2% in the 3rd quarter. Great Lakes Retirement Inc. now owns 2,455 shares of the conglomerate's stock worth $463,000 after purchasing an additional 1,543 shares in the last quarter. Romano Brothers AND Company bought a new position in General Electric in the 3rd quarter worth approximately $207,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings 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 valued at $822,000 after buying an additional 1,790 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

GE has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted 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. 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Redburn Atlantic assumed coverage on General Electric in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target for the company. Finally, Bank of America upped their price objective on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $211.31.

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General Electric Trading Up 0.2 %

NYSE GE traded up $0.49 during trading on Tuesday, hitting $199.20. The stock had a trading volume of 4,117,503 shares, compared to its average volume of 5,352,781. General Electric has a one year low of $122.48 and a one year high of $212.19. The stock has a 50 day simple moving average of $187.23 and a 200 day simple moving average of $181.22. The stock has a market capitalization of $213.80 billion, a price-to-earnings ratio of 33.25, a P/E/G ratio of 2.59 and a beta of 1.21. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly 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 return on equity of 22.19% and a net margin of 14.31%. Sell-side 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%.

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.