RFG Bristol Wealth Advisors LLC Takes $224,000 Position in General Electric (NYSE:GE)

RFG Bristol Wealth Advisors LLC acquired a new position in shares of General Electric (NYSE:GE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,343 shares of the conglomerate's stock, valued at approximately $224,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC lifted its position in General Electric by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock worth $25,000 after buying an additional 84 shares during the period. Hager Investment Management Services LLC acquired a new position in shares of General Electric in the 4th quarter valued at $27,000. Sugar Maple Asset Management LLC purchased a new stake in shares of General Electric during the 4th quarter valued at $29,000. CBIZ Investment Advisory Services LLC acquired a new stake in shares of General Electric during the 4th quarter worth $29,000. Finally, Picton Mahoney Asset Management raised its position in shares of General Electric by 62.4% in the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate's stock worth $30,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

General Electric Stock Down 11.1 %

GE stock traded down $20.87 during midday trading on Friday, hitting $166.76. 18,160,091 shares of the company's stock were exchanged, compared to its average volume of 5,400,110. The stock has a market capitalization of $178.98 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The firm has a 50 day moving average price of $201.56 and a 200-day moving average price of $187.07. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a 12-month low of $146.78 and a 12-month high of $214.21.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping analysts' consensus estimates 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, analysts anticipate that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a $0.36 dividend. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Monday, March 10th. General Electric's dividend payout ratio (DPR) is presently 24.04%.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research reports. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. Wells Fargo & Company boosted their target price on General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Redburn Atlantic assumed coverage on shares of General Electric in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target on the stock. Bank of America boosted their price objective on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, General Electric currently has a consensus rating of "Moderate Buy" and a consensus price target of $214.73.

General Electric Company 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.