1,802 Shares in General Electric (NYSE:GE) Purchased by Market Street Wealth Management Advisors LLC

Market Street Wealth Management Advisors LLC bought a new position in General Electric (NYSE:GE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,802 shares of the conglomerate's stock, valued at approximately $301,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GE. Tsfg LLC increased its holdings in shares of General Electric by 12.8% in the third quarter. Tsfg LLC now owns 485 shares of the conglomerate's stock valued at $92,000 after purchasing an additional 55 shares in the last quarter. Saxon Interests Inc. lifted 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 purchasing an additional 57 shares in the last quarter. Strategic Advisors LLC lifted its stake in General Electric by 2.6% in the third quarter. Strategic Advisors LLC now owns 2,267 shares of the conglomerate's stock valued at $428,000 after buying an additional 58 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in shares of General Electric by 1.0% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,299 shares of the conglomerate's stock valued at $1,188,000 after buying an additional 60 shares during the period. Finally, Chesley Taft & Associates LLC raised its holdings in shares of General Electric by 0.5% during the fourth quarter. Chesley Taft & Associates LLC now owns 12,645 shares of the conglomerate's stock worth $2,109,000 after acquiring an additional 60 shares during the period. Institutional investors own 74.77% of the company's stock.

General Electric Stock Up 6.5 %

NYSE GE traded up $12.30 on Thursday, hitting $200.66. 14,394,734 shares of the company were exchanged, compared to its average volume of 6,436,080. The stock has a fifty day moving average of $174.49 and a 200-day moving average of $174.59. General Electric has a 12 month low of $101.16 and a 12 month high of $207.65. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The company has a market cap of $217.17 billion, a PE ratio of 35.26, a PEG ratio of 1.53 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last released its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. As a group, analysts forecast that General Electric will post 4.23 earnings per share for the current year.

General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.28 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.56%. General Electric's dividend payout ratio is currently 19.68%.

Insider Buying and Selling

In related news, SVP Russell Stokes sold 15,550 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. The trade was a 9.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Riccardo Procacci sold 7,000 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the transaction, the senior vice president now owns 13,289 shares of the company's stock, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their target price on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Northcoast Research began coverage on shares of General Electric in a report on Tuesday, January 7th. They set a "neutral" rating on the stock. Wells Fargo & Company lifted their price objective on shares of General Electric from $210.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Melius Research upped their target price on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Finally, Sanford C. Bernstein lifted their price target on General Electric from $201.00 to $225.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $201.47.

General Electric 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.