Genesis Private Wealth LLC Takes Position in General Electric (NYSE:GE)

Genesis Private Wealth LLC bought a new position in General Electric (NYSE:GE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,650 shares of the conglomerate's stock, valued at approximately $275,000.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their target price on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Wells Fargo & Company lifted their price target on General Electric from $210.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Sanford C. Bernstein increased their price objective on General Electric from $201.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Finally, UBS Group boosted their target price on shares of General Electric from $223.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $201.47.

Insider Activity at General Electric

In related news, SVP Riccardo Procacci sold 7,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the sale, the senior vice president now owns 13,289 shares of the company's stock, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Russell Stokes sold 15,550 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now directly owns 148,857 shares of the company's stock, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

General Electric Trading Up 0.4 %

Shares of General Electric stock traded up $0.70 on Wednesday, hitting $188.20. 6,302,757 shares of the company's stock traded hands, compared to its average volume of 5,662,168. The firm's 50-day moving average price is $174.39 and its two-hundred day moving average price is $174.49. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. The stock has a market capitalization of $203.69 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 1.49 and a beta of 1.19. General Electric has a one year low of $101.16 and a one year high of $194.80.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The business had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The firm's revenue was up 5.8% on a year-over-year basis. On average, research analysts expect that General Electric will post 4.23 EPS for the current fiscal year.

General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.60%. General Electric's dividend payout ratio (DPR) is presently 19.68%.

About General Electric

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.