Chung Wu Investment Group LLC Purchases Shares of 4,765 General Electric (NYSE:GE)

Chung Wu Investment Group LLC bought a new position in shares of General Electric (NYSE:GE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,765 shares of the conglomerate's stock, valued at approximately $795,000. General Electric comprises approximately 0.8% of Chung Wu Investment Group LLC's holdings, making the stock its 29th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vestmark Advisory Solutions Inc. grew its position in General Electric by 30.9% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,723 shares of the conglomerate's stock worth $287,000 after buying an additional 407 shares in the last quarter. Blue Barn Wealth LLC boosted its holdings in shares of General Electric by 3.8% in the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate's stock valued at $245,000 after purchasing an additional 54 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of General Electric in the 4th quarter valued at $194,208,000. Dana Investment Advisors Inc. lifted its position in shares of General Electric by 174.9% during the 4th quarter. Dana Investment Advisors Inc. now owns 25,647 shares of the conglomerate's stock worth $4,278,000 after buying an additional 16,319 shares during the last quarter. Finally, Vision Financial Markets LLC acquired a new stake in General Electric in the fourth quarter valued at about $179,000. Institutional investors own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

GE has been the subject of several research analyst reports. Bank of America boosted their target price on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. UBS Group increased their price objective 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. Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Redburn Atlantic assumed coverage on General Electric in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective on the stock. Finally, Wells Fargo & Company upped 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. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, General Electric presently has an average rating of "Moderate Buy" and an average target price of $211.31.

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General Electric Trading Down 1.2 %

NYSE GE traded down $2.24 during mid-day trading on Monday, reaching $191.61. 6,191,686 shares of the stock were exchanged, compared to its average volume of 5,393,680. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The stock has a market cap of $205.65 billion, a P/E ratio of 31.99, a P/E/G ratio of 2.59 and a beta of 1.19. The stock has a 50 day simple moving average of $193.02 and a 200-day simple moving average of $183.20. General Electric has a one year low of $130.38 and a one year high of $212.19.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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 anticipate that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.75%. This is a boost from General Electric's previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. General Electric's dividend payout ratio 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.