Berkshire Asset Management LLC PA Has $3.94 Million Holdings in General Electric (NYSE:GE)

Berkshire Asset Management LLC PA trimmed its stake in shares of General Electric (NYSE:GE - Free Report) by 13.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,611 shares of the conglomerate's stock after selling 3,784 shares during the quarter. Berkshire Asset Management LLC PA's holdings in General Electric were worth $3,938,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Andra AP fonden acquired a new stake in General Electric during the fourth quarter valued at approximately $8,139,000. Edgestream Partners L.P. bought a new position in shares of General Electric in the fourth quarter valued at approximately $1,387,000. Blue Bell Private Wealth Management LLC raised its stake in shares of General Electric by 3.1% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 2,569 shares of the conglomerate's stock valued at $428,000 after acquiring an additional 77 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its stake in shares of General Electric by 16.7% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,267 shares of the conglomerate's stock valued at $713,000 after acquiring an additional 612 shares during the last quarter. Finally, Callan Family Office LLC raised its stake in shares of General Electric by 1,430.3% in the fourth quarter. Callan Family Office LLC now owns 17,063 shares of the conglomerate's stock valued at $2,846,000 after acquiring an additional 15,948 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Citigroup lifted their target price on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research note on Monday, January 27th. UBS Group lifted their target price on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Northcoast Research assumed coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a "neutral" rating for the company. 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. Finally, Redburn Atlantic assumed coverage on shares of General Electric in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective for the company. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $211.31.

General Electric Trading Down 1.0 %

Shares of General Electric stock traded down $1.97 on Friday, hitting $194.08. 7,681,174 shares of the company's stock traded hands, compared to its average volume of 5,375,542. The firm's 50-day moving average price is $193.02 and its two-hundred day moving average price is $183.11. The stock has a market capitalization of $208.31 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. General Electric has a one year low of $130.38 and a one year high of $212.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

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

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a $0.36 dividend. This is a positive change from General Electric's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.74%. General Electric's payout ratio is 24.04%.

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.