Aviso Wealth Management Boosts Stake in General Electric (NYSE:GE)

Aviso Wealth Management raised its stake in General Electric (NYSE:GE - Free Report) by 295.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,173 shares of the conglomerate's stock after buying an additional 8,348 shares during the period. General Electric comprises 1.0% of Aviso Wealth Management's holdings, making the stock its 23rd biggest holding. Aviso Wealth Management's holdings in General Electric were worth $1,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in GE. Johnson & White Wealth Management LLC purchased a new position in General Electric during the 4th quarter valued at about $733,000. Chung Wu Investment Group LLC bought a new position in shares of General Electric during the fourth quarter valued at approximately $795,000. State Street Corp raised its stake in General Electric by 2.1% in the third quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock worth $8,181,801,000 after buying an additional 898,296 shares in the last quarter. Soltis Investment Advisors LLC lifted its holdings in General Electric by 269.8% during the third quarter. Soltis Investment Advisors LLC now owns 28,201 shares of the conglomerate's stock worth $5,318,000 after buying an additional 20,575 shares during the period. Finally, World Investment Advisors LLC boosted its position in General Electric by 60.7% during the 3rd quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock valued at $2,576,000 after acquiring an additional 5,162 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

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General Electric Price Performance

Shares of General Electric stock traded down $6.22 during mid-day trading on Friday, reaching $199.66. 5,178,092 shares of the stock traded hands, compared to its average volume of 5,492,374. The stock has a market capitalization of $214.29 billion, a PE ratio of 33.33, a PEG ratio of 2.59 and a beta of 1.19. The business has a 50-day moving average of $201.52 and a 200 day moving average of $186.50. General Electric has a fifty-two week low of $133.99 and a fifty-two week high of $214.21. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE - Get Free Report) last announced its 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 net margin of 14.31% and a return on equity of 22.19%. On average, analysts predict that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders 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 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Monday, March 10th. General Electric's dividend payout ratio is presently 24.04%.

Analyst Upgrades and Downgrades

GE has been the subject of a number of analyst reports. UBS Group upped their price objective on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Redburn Atlantic started coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target on the stock. Bank of America boosted their price objective on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Northcoast Research started coverage on General Electric in a research note on Tuesday, January 7th. They issued a "neutral" rating for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, General Electric has an average rating of "Moderate Buy" and a consensus target price of $211.31.

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.