Strategic Financial Concepts LLC Takes Position in General Electric (NYSE:GE)

Strategic Financial Concepts LLC bought a new stake in General Electric (NYSE:GE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,366 shares of the conglomerate's stock, valued at approximately $228,000.

A number of other institutional investors have also modified their holdings of the stock. McAdam LLC raised its holdings in General Electric by 4.2% during the third quarter. McAdam LLC now owns 2,542 shares of the conglomerate's stock worth $479,000 after purchasing an additional 103 shares in the last quarter. Brighton Jones LLC increased its position in General Electric by 19.5% during the 3rd quarter. Brighton Jones LLC now owns 9,587 shares of the conglomerate's stock worth $1,808,000 after purchasing an additional 1,567 shares during the period. Great Lakes Retirement Inc. increased its position in General Electric by 169.2% during the 3rd quarter. Great Lakes Retirement Inc. now owns 2,455 shares of the conglomerate's stock worth $463,000 after purchasing an additional 1,543 shares during the period. Romano Brothers AND Company purchased a new position in shares of General Electric during the 3rd quarter worth approximately $207,000. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of General Electric by 69.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,357 shares of the conglomerate's stock valued at $822,000 after buying an additional 1,790 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on GE shares. UBS Group upped their price objective on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Northcoast Research began coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a "neutral" rating on the stock. Redburn Atlantic initiated coverage on shares of General Electric in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective for the company. Citigroup boosted their price objective on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $211.31.

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General Electric Price Performance

GE stock traded up $0.49 on Tuesday, reaching $199.20. The company had a trading volume of 4,117,617 shares, compared to its average volume of 5,352,800. The company's fifty day moving average is $187.90 and its 200 day moving average is $181.44. The company has a market cap of $213.80 billion, a P/E ratio of 33.25, a PEG ratio of 2.59 and a beta of 1.21. 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 1 year low of $122.48 and a 1 year high of $212.19.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS 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%. On average, research analysts forecast that General Electric will post 5.4 earnings per share for the current 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 $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. This is a positive change from General Electric's previous quarterly dividend of $0.28. General Electric's payout ratio is currently 24.04%.

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.