Investment Counsel Co. of Nevada Makes New Investment in General Electric (NYSE:GE)

Investment Counsel Co. of Nevada bought a new position in shares of General Electric (NYSE:GE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,617 shares of the conglomerate's stock, valued at approximately $937,000. General Electric makes up 2.4% of Investment Counsel Co. of Nevada's investment portfolio, making the stock its 10th largest holding.

Several other hedge funds also recently made changes to their positions in GE. Truvestments Capital LLC boosted its position in shares of General Electric by 26.2% during the 4th quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate's stock worth $39,000 after acquiring an additional 49 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of General Electric by 17.6% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the conglomerate's stock valued at $56,000 after purchasing an additional 50 shares in the last quarter. Ballast Advisors LLC increased its stake in shares of General Electric by 2.5% in the 4th quarter. Ballast Advisors LLC now owns 2,093 shares of the conglomerate's stock valued at $349,000 after purchasing an additional 51 shares during the last quarter. Blue Barn Wealth LLC raised its holdings in shares of General Electric by 3.8% during the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate's stock worth $245,000 after buying an additional 54 shares in the last quarter. Finally, Game Plan Financial Advisors LLC lifted its position in shares of General Electric by 10.5% during the 4th quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate's stock worth $96,000 after buying an additional 55 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

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General Electric Trading Up 2.3 %

NYSE GE traded up $4.22 during mid-day trading on Monday, reaching $185.89. 5,318,433 shares of the stock were exchanged, compared to its average volume of 5,472,505. The stock has a market cap of $199.51 billion, a P/E ratio of 31.03, a P/E/G ratio of 2.59 and a beta of 1.04. 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 one year low of $146.78 and a one year high of $214.21. The stock has a 50 day simple moving average of $197.99 and a 200-day simple moving average of $186.61.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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, analysts anticipate that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business 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. The ex-dividend date is Monday, March 10th. This is a positive change from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.77%. General Electric's dividend payout ratio is currently 24.04%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Bank of America boosted their target price on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Wells Fargo & Company cut their target price on shares of General Electric from $250.00 to $203.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. UBS Group boosted 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. Deutsche Bank Aktiengesellschaft cut their price objective on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Finally, Redburn Atlantic assumed coverage on General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price for the company. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $212.73.

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.