Delta Financial Group Inc. Takes $1.94 Million Position in General Electric (NYSE:GE)

Delta Financial Group Inc. purchased a new stake in General Electric (NYSE:GE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,598 shares of the conglomerate's stock, valued at approximately $1,935,000.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on GE. JPMorgan Chase & Co. boosted their price objective on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Wells Fargo & Company upped their price objective on shares of 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 price objective 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. Bank of America upped their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, Northcoast Research initiated coverage on General Electric in a research note on Tuesday, January 7th. They set a "neutral" rating for the company. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $211.31.

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General Electric Stock Performance

NYSE GE traded up $2.29 on Wednesday, hitting $201.56. 3,157,141 shares of the stock traded hands, compared to its average volume of 5,293,559. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The business's fifty day moving average is $187.90 and its two-hundred day moving average is $181.44. General Electric has a 12 month low of $122.48 and a 12 month high of $212.19. The firm has a market capitalization of $216.34 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 2.59 and a beta of 1.21.

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 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%. As a group, equities analysts anticipate that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.71%. This is a positive change from General Electric's previous quarterly dividend of $0.28. 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.