Nwam LLC Purchases 4,302 Shares of General Electric (NYSE:GE)

Nwam LLC grew its stake in General Electric (NYSE:GE - Free Report) by 37.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,880 shares of the conglomerate's stock after purchasing an additional 4,302 shares during the quarter. Nwam LLC's holdings in General Electric were worth $2,649,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GE. NewEdge Wealth LLC grew its position in shares of General Electric by 5.2% during the 4th quarter. NewEdge Wealth LLC now owns 9,962 shares of the conglomerate's stock worth $1,662,000 after purchasing an additional 488 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of General Electric during the 4th quarter worth $352,000. National Pension Service raised its stake in General Electric by 1.7% in the fourth quarter. National Pension Service now owns 2,254,637 shares of the conglomerate's stock valued at $376,051,000 after purchasing an additional 37,884 shares in the last quarter. Advisor OS LLC lifted its position in General Electric by 26.5% during the fourth quarter. Advisor OS LLC now owns 6,142 shares of the conglomerate's stock worth $1,024,000 after purchasing an additional 1,286 shares during the period. Finally, Lake Street Advisors Group LLC grew its stake in General Electric by 2.7% during the fourth quarter. Lake Street Advisors Group LLC now owns 6,367 shares of the conglomerate's stock worth $1,064,000 after buying an additional 168 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

GE has been the subject of several recent analyst reports. Redburn Atlantic assumed coverage on General Electric in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price for the company. Northcoast Research started coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a "neutral" rating for the company. Bank of America lifted their price target on shares of General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, General Electric presently has an average rating of "Moderate Buy" and a consensus price target of $211.31.

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General Electric Trading Down 2.4 %

NYSE GE traded down $5.07 during trading hours on Monday, hitting $201.91. 4,908,326 shares of the company's stock were exchanged, compared to its average volume of 5,257,682. General Electric has a 1-year low of $125.26 and a 1-year high of $212.19. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The stock has a 50-day simple moving average of $190.24 and a 200 day simple moving average of $182.20. The firm has a market cap of $216.71 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 2.59 and a beta of 1.22.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, equities analysts forecast that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business 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 represents a $1.44 dividend on an annualized basis and a dividend yield of 0.71%. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is 24.04%.

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.