Linscomb Wealth Inc. Buys 9,690 Shares of General Electric (NYSE:GE)

Linscomb Wealth Inc. raised its holdings in shares of General Electric (NYSE:GE - Free Report) by 782.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,929 shares of the conglomerate's stock after acquiring an additional 9,690 shares during the quarter. Linscomb Wealth Inc.'s holdings in General Electric were worth $1,823,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. QRG Capital Management Inc. grew its stake in General Electric by 2.3% during the 4th quarter. QRG Capital Management Inc. now owns 270,494 shares of the conglomerate's stock valued at $45,116,000 after acquiring an additional 6,005 shares in the last quarter. First Command Advisory Services Inc. grew its stake in shares of General Electric by 10.4% in the 4th quarter. First Command Advisory Services Inc. now owns 3,348 shares of the conglomerate's stock valued at $558,000 after buying an additional 316 shares in the last quarter. Otter Creek Advisors LLC grew its stake in shares of General Electric by 6.1% in the 4th quarter. Otter Creek Advisors LLC now owns 26,234 shares of the conglomerate's stock valued at $4,376,000 after buying an additional 1,500 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of General Electric by 26,959.5% in the 4th quarter. Proficio Capital Partners LLC now owns 554,991 shares of the conglomerate's stock valued at $92,567,000 after buying an additional 552,940 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of General Electric by 30.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 5,244 shares of the conglomerate's stock valued at $875,000 after buying an additional 1,231 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Bank of America boosted their price target on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. JPMorgan Chase & Co. boosted their price target on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their target price on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. UBS Group boosted their target price on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Northcoast Research initiated coverage on General Electric in a report on Tuesday, January 7th. They issued a "neutral" rating for the company. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, General Electric presently has an average rating of "Moderate Buy" and an average price target of $211.31.

General Electric Stock Performance

Shares of GE stock traded down $5.07 during trading hours on Monday, reaching $201.91. 5,374,477 shares of the company's stock were exchanged, compared to its average volume of 5,270,844. General Electric has a fifty-two week low of $125.26 and a fifty-two week high of $212.19. The stock has a market capitalization of $216.71 billion, a P/E ratio of 33.71, a P/E/G ratio of 2.59 and a beta of 1.22. The business has a fifty day moving average price of $190.89 and a 200-day moving average price of $182.42. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

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 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%. Analysts predict that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This is a boost from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.71%. General Electric's payout ratio is currently 24.04%.

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.