Empowered Funds LLC Has $10.19 Million Holdings in General Electric (NYSE:GE)

Empowered Funds LLC boosted its position in General Electric (NYSE:GE - Free Report) by 23.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,090 shares of the conglomerate's stock after purchasing an additional 11,545 shares during the quarter. Empowered Funds LLC's holdings in General Electric were worth $10,189,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp bought a new stake in shares of General Electric during the third quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new position in General Electric during the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new stake in shares of General Electric during the 3rd quarter worth about $27,000. Hager Investment Management Services LLC acquired a new stake in shares of General Electric in the 4th quarter worth approximately $27,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of General Electric in the 3rd quarter worth approximately $28,000. 74.77% of the stock is owned by institutional investors and hedge funds.

General Electric Stock Down 0.6 %

NYSE GE traded down $1.29 during trading on Thursday, reaching $208.35. 3,761,671 shares of the company's stock were exchanged, compared to its average volume of 5,673,478. The firm has a market capitalization of $223.62 billion, a PE ratio of 34.78, a P/E/G ratio of 2.56 and a beta of 1.22. General Electric has a fifty-two week low of $113.88 and a fifty-two week high of $211.42. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company's fifty day simple moving average is $181.29 and its 200-day simple moving average is $178.78.

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General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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%. Sell-side analysts predict that General Electric will post 5.39 EPS for the current year.

General Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Friday, December 27th. General Electric's dividend payout ratio (DPR) is presently 18.70%.

Wall Street Analysts Forecast Growth

GE has been the topic of several recent analyst reports. UBS Group boosted their target price on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. Wells Fargo & Company raised their target price on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Bank of America boosted their price target on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, General Electric has a consensus rating of "Moderate Buy" and an average target price of $208.73.

Insider Activity

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the transaction, the senior vice president now directly owns 148,857 shares of the company's stock, valued at $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.66% of the stock is owned by corporate insiders.

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.