MSH Capital Advisors LLC Makes New Investment in General Electric (NYSE:GE)

MSH Capital Advisors LLC bought a new stake in shares of General Electric (NYSE:GE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,445 shares of the conglomerate's stock, valued at approximately $241,000.

Several other large investors also recently modified their holdings of the stock. Johnson & White Wealth Management LLC purchased a new position in shares of General Electric in the fourth quarter worth about $733,000. Chung Wu Investment Group LLC purchased a new position in shares of General Electric in the fourth quarter valued at $795,000. National Bank of Canada FI lifted its holdings in shares of General Electric by 2.9% in the fourth quarter. National Bank of Canada FI now owns 1,064,417 shares of the conglomerate's stock worth $177,535,000 after buying an additional 29,844 shares in the last quarter. World Investment Advisors LLC boosted its position in shares of General Electric by 60.7% in the third quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock valued at $2,576,000 after acquiring an additional 5,162 shares during the period. Finally, National Pension Service increased its holdings in General Electric by 1.7% during the 4th quarter. National Pension Service now owns 2,254,637 shares of the conglomerate's stock worth $376,051,000 after acquiring an additional 37,884 shares during the period. Hedge funds and other institutional investors own 74.77% of the company's stock.

General Electric Trading Down 2.2 %

GE traded down $3.91 during trading on Monday, hitting $177.88. 1,832,524 shares of the stock traded hands, compared to its average volume of 5,423,336. The firm has a 50-day moving average of $196.12 and a 200 day moving average of $186.52. General Electric has a 12-month low of $148.83 and a 12-month high of $214.21. The firm has a market capitalization of $190.92 billion, a P/E ratio of 29.70, a price-to-earnings-growth 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 (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) 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%. Equities research analysts anticipate 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 issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is currently 24.04%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. Redburn Atlantic initiated coverage on General Electric in a report 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 objective on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company boosted their price target on shares of General Electric from $203.00 to $212.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 15th. Finally, Bank of America lifted their price objective on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, General Electric presently has a consensus rating of "Moderate Buy" and a consensus price target of $213.33.

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.