Gratus Wealth Advisors LLC Increases Stake in General Electric (NYSE:GE)

Gratus Wealth Advisors LLC grew its position in shares of General Electric (NYSE:GE - Free Report) by 38.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,190 shares of the conglomerate's stock after purchasing an additional 2,000 shares during the quarter. Gratus Wealth Advisors LLC's holdings in General Electric were worth $1,199,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Advent Capital Management DE grew its holdings in General Electric by 33.3% in the fourth quarter. Advent Capital Management DE now owns 16,000 shares of the conglomerate's stock valued at $2,669,000 after purchasing an additional 4,000 shares during the period. MSH Capital Advisors LLC acquired a new position in General Electric during the fourth quarter worth $241,000. NewEdge Advisors LLC lifted its holdings in General Electric by 3.4% during the fourth quarter. NewEdge Advisors LLC now owns 83,913 shares of the conglomerate's stock valued at $13,996,000 after purchasing an additional 2,776 shares in the last quarter. Main Street Financial Solutions LLC grew its position in shares of General Electric by 142.3% in the fourth quarter. Main Street Financial Solutions LLC now owns 4,535 shares of the conglomerate's stock valued at $756,000 after purchasing an additional 2,663 shares during the period. Finally, Evergreen Capital Management LLC raised 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 during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

General Electric Trading Down 2.2 %

NYSE:GE traded down $3.91 during trading hours on Monday, reaching $177.88. 1,832,524 shares of the stock were exchanged, compared to its average volume of 5,423,336. General Electric has a twelve month low of $148.83 and a twelve month high of $214.21. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The business has a 50-day moving average of $196.12 and a two-hundred day moving average of $186.52. The company has a market capitalization of $190.92 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 2.59 and a beta of 1.04.

General Electric (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating analysts' consensus estimates 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 analysts predict that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm also recently announced 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 is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.81%. The ex-dividend date is Monday, March 10th. General Electric's dividend payout ratio is presently 24.04%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GE. Redburn Atlantic initiated coverage on General Electric in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target on the stock. Northcoast Research upgraded shares of General Electric from a "neutral" rating to a "buy" rating and set a $205.00 price target on the stock in a research report on Wednesday, April 9th. UBS Group raised their target price on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Finally, Citigroup lowered their price objective on General Electric from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, General Electric currently has a consensus rating of "Moderate Buy" and an average 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.