FourThought Financial Partners LLC Takes $507,000 Position in General Electric (NYSE:GE)

FourThought Financial Partners LLC acquired a new stake in General Electric (NYSE:GE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,041 shares of the conglomerate's stock, valued at approximately $507,000.

Several other large investors also recently modified their holdings of GE. Valley Wealth Managers Inc. bought a new stake in shares of General Electric in the 3rd quarter valued at approximately $25,000. Hager Investment Management Services LLC acquired a new position in shares of General Electric in the 4th quarter worth approximately $27,000. Peterson Financial Group Inc. acquired a new position in shares of General Electric in the 3rd quarter worth approximately $28,000. Sugar Maple Asset Management LLC acquired a new position in shares of General Electric in the 4th quarter worth approximately $29,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of General Electric in the 3rd quarter worth approximately $30,000. 74.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on GE shares. Wells Fargo & Company boosted 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. Deutsche Bank Aktiengesellschaft reduced 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. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. UBS Group boosted their target price on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Citigroup boosted their target price on General Electric from $216.00 to $235.00 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. According to data from MarketBeat.com, 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 2.9 %

Shares of NYSE:GE traded up $5.79 during midday trading on Friday, hitting $207.22. The company had a trading volume of 6,116,408 shares, compared to its average volume of 5,268,165. General Electric has a 12 month low of $124.08 and a 12 month high of $212.19. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The stock has a market cap of $222.40 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.59 and a beta of 1.22. The firm has a fifty day simple moving average of $190.24 and a 200 day simple moving average of $182.00.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping 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%. On average, analysts predict that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm 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. This represents a $1.44 annualized dividend and a yield of 0.69%. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) is presently 24.04%.

About General Electric

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.