Flagship Wealth Advisors LLC Invests $254,000 in General Electric (NYSE:GE)

Flagship Wealth Advisors LLC bought a new stake in shares of General Electric (NYSE:GE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,524 shares of the conglomerate's stock, valued at approximately $254,000.

Other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC raised its stake in shares of General Electric by 26.2% in the 4th quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate's stock worth $39,000 after buying an additional 49 shares in the last quarter. Blue Barn Wealth LLC grew its stake 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 worth $245,000 after purchasing an additional 54 shares during the last quarter. Game Plan Financial Advisors LLC grew its stake in shares of General Electric by 10.5% in the 4th quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate's stock worth $96,000 after purchasing an additional 55 shares during the last quarter. Red Door Wealth Management LLC lifted its stake in General Electric by 4.0% during the fourth quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate's stock valued at $241,000 after purchasing an additional 56 shares during the last quarter. Finally, WR Wealth Planners LLC boosted its holdings in General Electric by 30.6% during the fourth quarter. WR Wealth Planners LLC now owns 239 shares of the conglomerate's stock worth $40,000 after buying an additional 56 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

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General Electric Stock Performance

NYSE:GE traded up $0.06 during midday trading on Friday, reaching $203.99. The stock had a trading volume of 7,960,224 shares, compared to its average volume of 5,375,024. The stock has a market capitalization of $218.94 billion, a P/E ratio of 34.06, a PEG ratio of 2.59 and a beta of 1.19. 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 has a 1-year low of $133.99 and a 1-year high of $212.19. The firm's fifty day simple moving average is $197.98 and its 200-day simple moving average is $184.67.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS 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, equities research analysts forecast that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.71%. General Electric's dividend payout ratio (DPR) is 24.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Bank of America increased their price objective on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Redburn Atlantic assumed coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price for the company. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Citigroup raised their price objective on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $211.31.

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.