Proficio Capital Partners LLC Grows Stock Holdings in General Electric (NYSE:GE)

Proficio Capital Partners LLC grew its holdings in shares of General Electric (NYSE:GE - Free Report) by 26,959.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 554,991 shares of the conglomerate's stock after buying an additional 552,940 shares during the period. Proficio Capital Partners LLC owned 0.05% of General Electric worth $92,567,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Game Plan Financial Advisors LLC grew its holdings in General Electric by 10.5% during the 4th quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate's stock valued at $96,000 after purchasing an additional 55 shares during the last quarter. Red Door Wealth Management LLC boosted its position in shares of General Electric by 4.0% during the fourth quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate's stock valued at $241,000 after buying an additional 56 shares during the period. Saxon Interests Inc. grew its stake in shares of General Electric by 4.2% during the fourth quarter. Saxon Interests Inc. now owns 1,425 shares of the conglomerate's stock valued at $238,000 after buying an additional 57 shares during the last quarter. Old North State Wealth Management LLC grew its stake in shares of General Electric by 3.0% during the fourth quarter. Old North State Wealth Management LLC now owns 1,981 shares of the conglomerate's stock valued at $331,000 after buying an additional 58 shares during the last quarter. Finally, Northeast Investment Management lifted its stake in shares of General Electric by 2.2% during the 4th quarter. Northeast Investment Management now owns 2,708 shares of the conglomerate's stock worth $452,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

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General Electric Price Performance

GE stock traded down $5.07 during trading on Monday, hitting $201.91. The stock had a trading volume of 4,908,326 shares, compared to its average volume of 5,257,682. 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 has a twelve month low of $125.26 and a twelve month high of $212.19. The stock has a market capitalization of $216.71 billion, a P/E ratio of 33.71, a PEG ratio of 2.59 and a beta of 1.22. The company's 50-day moving average price is $190.24 and its two-hundred day moving average price is $182.20.

General Electric (NYSE:GE - Get Free Report) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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%. As a group, research 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 annualized dividend and a dividend yield of 0.71%. General Electric's payout ratio is 24.04%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. Northcoast Research assumed coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a "neutral" rating on the stock. Bank of America lifted their price objective 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. Redburn Atlantic started coverage on General Electric in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.