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

Sharpepoint LLC purchased a new position in General Electric (NYSE:GE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 20,938 shares of the conglomerate's stock, valued at approximately $3,492,000. General Electric comprises approximately 3.1% of Sharpepoint LLC's investment portfolio, making the stock its 7th biggest position.

A number of other large investors have also made changes to their positions in the business. Truvestments Capital LLC increased its position in General Electric by 26.2% during the fourth quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate's stock worth $39,000 after buying an additional 49 shares during the period. Ritter Daniher Financial Advisory LLC DE boosted its stake in General Electric by 17.6% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the conglomerate's stock worth $56,000 after purchasing an additional 50 shares during the period. Ballast Advisors LLC grew its position in General Electric by 2.5% during the 4th quarter. Ballast Advisors LLC now owns 2,093 shares of the conglomerate's stock worth $349,000 after purchasing an additional 51 shares during the last quarter. Blue Barn Wealth LLC raised its holdings in shares of General Electric by 3.8% in the fourth quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate's stock valued at $245,000 after buying an additional 54 shares during the last quarter. Finally, Game Plan Financial Advisors LLC boosted its stake in shares of General Electric by 10.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate's stock worth $96,000 after buying an additional 55 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GE has been the topic of several analyst reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Bank of America upped their price objective on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. increased their price target 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. Redburn Atlantic initiated coverage on General Electric in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price on the stock. Finally, Northcoast Research raised General Electric from a "neutral" rating to a "buy" rating and set a $205.00 price target for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $213.33.

General Electric Price Performance

Shares of General Electric stock traded down $3.57 on Monday, hitting $178.22. The company's stock had a trading volume of 8,460,548 shares, compared to its average volume of 5,449,106. 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 fifty day moving average price of $195.49 and a 200-day moving average price of $186.46. General Electric has a 52-week low of $148.83 and a 52-week high of $214.21. The company has a market capitalization of $191.28 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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%. On average, equities research analysts expect that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.81%. This is a positive change from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) 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.