BlueStem Wealth Partners LLC Invests $286,000 in General Electric (NYSE:GE)

BlueStem Wealth Partners LLC purchased a new position in General Electric (NYSE:GE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,715 shares of the conglomerate's stock, valued at approximately $286,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Valley Wealth Managers Inc. bought a new stake in shares of General Electric during the 3rd quarter worth $25,000. Hager Investment Management Services LLC purchased a new position in General Electric in the 4th quarter worth $27,000. Peterson Financial Group Inc. bought a new stake in General Electric in the third quarter worth $28,000. Sugar Maple Asset Management LLC purchased a new stake in General Electric during the fourth quarter valued at about $29,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of General Electric during the third quarter valued at about $30,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GE. Redburn Atlantic initiated coverage on General Electric in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price for the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. Northcoast Research started coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a "neutral" rating on the stock. Bank of America upped their price target on shares of General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. raised 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. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $211.31.

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General Electric Stock Up 1.9 %

Shares of GE traded up $3.84 on Wednesday, reaching $202.61. The stock had a trading volume of 6,212,188 shares, compared to its average volume of 5,314,425. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a 12-month low of $126.78 and a 12-month high of $212.19. The firm has a market capitalization of $217.46 billion, a price-to-earnings ratio of 33.83, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. The company has a 50-day simple moving average of $191.44 and a 200-day simple moving average of $182.63.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating 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%. Sell-side 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. Shareholders of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.71%. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is 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.