Pinnacle Wealth Planning Services Inc. Trims Stock Holdings in General Electric (NYSE:GE)

Pinnacle Wealth Planning Services Inc. trimmed its holdings in shares of General Electric (NYSE:GE - Free Report) by 27.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,876 shares of the conglomerate's stock after selling 1,463 shares during the period. Pinnacle Wealth Planning Services Inc.'s holdings in General Electric were worth $646,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of GE. Catalyst Capital Advisors LLC increased its holdings in shares of General Electric by 117.7% during the third quarter. Catalyst Capital Advisors LLC now owns 270 shares of the conglomerate's stock valued at $51,000 after acquiring an additional 146 shares in the last quarter. United Advisor Group LLC bought a new stake in General Electric during the 3rd quarter valued at $304,000. Pittenger & Anderson Inc. raised its holdings in General Electric by 615.1% during the third quarter. Pittenger & Anderson Inc. now owns 1,044 shares of the conglomerate's stock worth $197,000 after buying an additional 898 shares during the last quarter. Crestwood Advisors Group LLC lifted its stake in shares of General Electric by 19.5% in the third quarter. Crestwood Advisors Group LLC now owns 12,905 shares of the conglomerate's stock valued at $2,434,000 after buying an additional 2,106 shares in the last quarter. Finally, Marks Group Wealth Management Inc lifted its stake in shares of General Electric by 221.5% in the third quarter. Marks Group Wealth Management Inc now owns 11,933 shares of the conglomerate's stock valued at $2,250,000 after buying an additional 8,221 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

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General Electric Stock Performance

GE traded down $2.24 during midday trading on Monday, reaching $191.61. The company had a trading volume of 6,191,686 shares, compared to its average volume of 5,393,680. The business has a 50-day moving average price of $193.02 and a two-hundred day moving average price of $183.20. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a 12-month low of $130.38 and a 12-month high of $212.19. The stock has a market cap of $205.65 billion, a PE ratio of 31.99, a P/E/G ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last announced 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 return on equity of 22.19% and a net margin of 14.31%. On average, sell-side analysts expect that General Electric will post 5.4 earnings per share 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. Investors of record on Monday, March 10th will be paid a $0.36 dividend. 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 yield of 0.75%. The ex-dividend date of this dividend is Monday, March 10th. General Electric's payout ratio is currently 24.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GE shares. JPMorgan Chase & Co. upped their target price on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Citigroup boosted their price objective on General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, January 27th. UBS Group raised their target price on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their price target on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Finally, Northcoast Research began coverage on General Electric in a research note on Tuesday, January 7th. They set a "neutral" rating on the stock. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $211.31.

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.