Soltis Investment Advisors LLC decreased its position in General Electric (NYSE:GE - Free Report) by 64.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,166 shares of the conglomerate's stock after selling 18,035 shares during the quarter. Soltis Investment Advisors LLC's holdings in General Electric were worth $1,696,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in GE. Toth Financial Advisory Corp bought a new stake in General Electric during the third quarter worth approximately $25,000. Valley Wealth Managers Inc. bought a new stake in General Electric during the third quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new stake in General Electric during the third quarter worth approximately $27,000. Hager Investment Management Services LLC bought a new stake in General Electric during the fourth quarter worth approximately $27,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of General Electric during the third quarter worth approximately $28,000. Institutional investors own 74.77% of the company's stock.
General Electric Price Performance
NYSE:GE traded up $0.26 during trading hours on Friday, reaching $208.62. The company had a trading volume of 4,267,083 shares, compared to its average volume of 5,626,647. The stock has a 50-day moving average of $182.00 and a two-hundred day moving average of $178.98. General Electric has a one year low of $117.43 and a one year high of $211.42. The firm has a market capitalization of $223.91 billion, a PE ratio of 34.83, a PEG ratio of 2.56 and a beta of 1.22. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.
General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating 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%. Analysts forecast that General Electric will post 5.39 earnings per share for the current year.
General Electric Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.69%. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is presently 18.70%.
Analysts Set New Price Targets
A number of brokerages have recently commented on GE. Melius Research upped their price target on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price target on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Citigroup upped their price target on General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Finally, UBS Group upped their price target on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $208.73.
Read Our Latest Analysis on General Electric
Insider Transactions at General Electric
In other news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.66% of the company's stock.
General Electric Profile
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Free Report)
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.
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