1,553 Shares in General Electric (NYSE:GE) Purchased by WealthBridge Capital Management LLC

WealthBridge Capital Management LLC purchased a new position in General Electric (NYSE:GE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,553 shares of the conglomerate's stock, valued at approximately $259,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. OLD National Bancorp IN grew its position in shares of General Electric by 19.9% in the 3rd quarter. OLD National Bancorp IN now owns 3,294 shares of the conglomerate's stock worth $621,000 after acquiring an additional 547 shares in the last quarter. Whittier Trust Co. boosted its holdings in General Electric by 25.8% in the third quarter. Whittier Trust Co. now owns 10,532 shares of the conglomerate's stock worth $1,986,000 after purchasing an additional 2,161 shares during the period. Copeland Capital Management LLC bought a new stake in General Electric during the third quarter valued at $48,000. Ledyard National Bank raised its holdings in shares of General Electric by 26.9% during the third quarter. Ledyard National Bank now owns 2,511 shares of the conglomerate's stock worth $474,000 after purchasing an additional 532 shares during the period. Finally, Foundations Investment Advisors LLC raised its holdings in shares of General Electric by 5.2% during the third quarter. Foundations Investment Advisors LLC now owns 10,364 shares of the conglomerate's stock worth $1,954,000 after purchasing an additional 513 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GE shares. Redburn Atlantic initiated coverage on shares of General Electric in a research report on Tuesday. They set a "buy" rating and a $250.00 price objective for the company. Bank of America upped their target price on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. Citigroup raised their price target on General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, January 27th. JPMorgan Chase & Co. upped their price objective on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Finally, Northcoast Research assumed coverage on General Electric in a research note on Tuesday, January 7th. They issued a "neutral" rating on the stock. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $211.31.

General Electric Price Performance

GE traded down $8.36 during trading on Friday, reaching $200.38. The stock had a trading volume of 3,045,490 shares, compared to its average volume of 5,345,570. The stock has a 50 day moving average of $185.89 and a two-hundred day moving average of $180.43. 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 firm has a market capitalization of $215.07 billion, a price-to-earnings ratio of 33.45, a price-to-earnings-growth ratio of 2.62 and a beta of 1.22. General Electric has a 1-year low of $119.88 and a 1-year high of $212.19.

General Electric (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, equities analysts anticipate that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a $0.36 dividend. This is an increase 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 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.