Souders Financial Advisors Sells 8,501 Shares of General Electric (NYSE:GE)

Souders Financial Advisors cut its holdings in General Electric (NYSE:GE - Free Report) by 28.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,204 shares of the conglomerate's stock after selling 8,501 shares during the quarter. Souders Financial Advisors' holdings in General Electric were worth $3,537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GE. Catalyst Capital Advisors LLC increased its stake in General Electric by 117.7% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 270 shares of the conglomerate's stock worth $51,000 after purchasing an additional 146 shares in the last quarter. Johnson & White Wealth Management LLC purchased a new position in General Electric in the 4th quarter worth about $733,000. State Street Corp increased its stake in General Electric by 2.1% in the 3rd quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock worth $8,181,801,000 after purchasing an additional 898,296 shares in the last quarter. Soltis Investment Advisors LLC increased its stake in General Electric by 269.8% in the 3rd quarter. Soltis Investment Advisors LLC now owns 28,201 shares of the conglomerate's stock worth $5,318,000 after purchasing an additional 20,575 shares in the last quarter. Finally, World Investment Advisors LLC increased its stake in General Electric by 60.7% in the 3rd quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock worth $2,576,000 after purchasing an additional 5,162 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

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General Electric Stock Down 1.0 %

NYSE:GE traded down $1.97 during mid-day trading on Friday, reaching $194.08. The stock had a trading volume of 7,681,174 shares, compared to its average volume of 5,375,542. The business's 50 day moving average is $193.02 and its 200 day moving average is $183.02. General Electric has a fifty-two week low of $130.38 and a fifty-two week high of $212.19. The stock has a market cap of $208.31 billion, a P/E ratio of 32.40, a PEG ratio of 2.59 and a beta of 1.19. 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 (NYSE:GE - Get Free Report) last released its quarterly earnings data 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%. As a group, sell-side analysts predict that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The firm 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 $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.74%. This is a boost from General Electric's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. General Electric's dividend payout ratio is currently 24.04%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Redburn Atlantic assumed coverage on General Electric in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Northcoast Research assumed coverage on General Electric in a report on Tuesday, January 7th. They issued a "neutral" rating on the stock. Finally, Citigroup upped their target price on General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a report on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $211.31.

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.