General Electric (NYSE:GE) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in shares of General Electric (NYSE:GE - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 261,880 shares of the conglomerate's stock after purchasing an additional 2,320 shares during the period. Nisa Investment Advisors LLC's holdings in General Electric were worth $43,752,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Traphagen Investment Advisors LLC increased its holdings in shares of General Electric by 4.1% in the fourth quarter. Traphagen Investment Advisors LLC now owns 5,766 shares of the conglomerate's stock valued at $962,000 after purchasing an additional 226 shares during the period. Genesis Private Wealth LLC acquired a new position in General Electric in the 4th quarter worth approximately $275,000. Simon Quick Advisors LLC raised its position in General Electric by 1.4% during the 4th quarter. Simon Quick Advisors LLC now owns 5,806 shares of the conglomerate's stock worth $968,000 after buying an additional 81 shares during the last quarter. Beaumont Financial Advisors LLC lifted its stake in General Electric by 5.4% during the 4th quarter. Beaumont Financial Advisors LLC now owns 2,957 shares of the conglomerate's stock valued at $493,000 after acquiring an additional 152 shares during the period. Finally, MCF Advisors LLC boosted its holdings in shares of General Electric by 36.2% in the 4th quarter. MCF Advisors LLC now owns 2,698 shares of the conglomerate's stock valued at $451,000 after acquiring an additional 717 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GE. UBS Group increased their price target on General Electric from $223.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Melius Research raised their target price on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Citigroup boosted their price target on General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Sanford C. Bernstein raised their price objective on shares of General Electric from $201.00 to $225.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Finally, Wells Fargo & Company boosted their target price on shares of General Electric from $210.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $201.47.

General Electric Price Performance

Shares of General Electric stock traded up $0.70 during mid-day trading on Wednesday, reaching $188.20. 7,402,582 shares of the stock traded hands, compared to its average volume of 5,819,515. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. The business has a 50-day moving average of $174.39 and a 200 day moving average of $174.49. The stock has a market capitalization of $203.69 billion, a PE ratio of 33.08, a PEG ratio of 1.49 and a beta of 1.19. General Electric has a fifty-two week low of $101.16 and a fifty-two week high of $194.80.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share 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 company had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same quarter last year, the firm posted $0.82 EPS. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict that General Electric will post 4.23 EPS for the current year.

General Electric Dividend Announcement

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

Insider Activity at General Electric

In other news, SVP Riccardo Procacci sold 7,000 shares of General Electric 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 transaction, the senior vice president now owns 13,289 shares in the company, valued at $2,407,036.57. The trade was a 34.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $2,772,409.50. Following the transaction, the senior vice president now directly owns 148,857 shares in the company, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

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.