NewEdge Advisors LLC Purchases 2,776 Shares of General Electric (NYSE:GE)

NewEdge Advisors LLC raised its position in General Electric (NYSE:GE - Free Report) by 3.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 83,913 shares of the conglomerate's stock after purchasing an additional 2,776 shares during the period. NewEdge Advisors LLC's holdings in General Electric were worth $13,996,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Main Street Financial Solutions LLC boosted its holdings in shares of General Electric by 142.3% during the 4th quarter. Main Street Financial Solutions LLC now owns 4,535 shares of the conglomerate's stock worth $756,000 after buying an additional 2,663 shares in the last quarter. Evergreen Capital Management LLC boosted its position in shares of General Electric by 2.5% during the 4th quarter. Evergreen Capital Management LLC now owns 7,025 shares of the conglomerate's stock worth $1,174,000 after purchasing an additional 172 shares in the last quarter. Acorns Advisers LLC increased its position in General Electric by 57.2% in the 4th quarter. Acorns Advisers LLC now owns 2,095 shares of the conglomerate's stock valued at $349,000 after buying an additional 762 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in General Electric in the fourth quarter worth approximately $400,000. Finally, Gabelli Funds LLC increased its holdings in shares of General Electric by 1.3% during the fourth quarter. Gabelli Funds LLC now owns 354,779 shares of the conglomerate's stock valued at $59,174,000 after acquiring an additional 4,500 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

General Electric Stock Performance

Shares of GE stock traded up $7.00 on Tuesday, hitting $185.35. 3,747,866 shares of the stock were exchanged, compared to its average volume of 5,898,248. General Electric has a one year low of $150.20 and a one year high of $214.21. The firm's 50 day moving average is $195.49 and its two-hundred day moving average is $186.46. The firm has a market capitalization of $198.93 billion, a PE ratio of 30.96, a P/E/G ratio of 2.59 and a beta of 1.04. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The conglomerate reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.20. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Sell-side analysts expect that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.78%. This is a positive change from General Electric's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. General Electric's payout ratio is presently 24.04%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GE shares. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Northcoast Research upgraded General Electric from a "neutral" rating to a "buy" rating and set a $205.00 price target for the company in a report on Wednesday, April 9th. UBS Group raised their price objective on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. raised their price target 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. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $213.33.

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.