United Capital Financial Advisors LLC Has $6.75 Million Position in General Electric (NYSE:GE)

United Capital Financial Advisors LLC lowered its stake in shares of General Electric (NYSE:GE - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,441 shares of the conglomerate's stock after selling 6,477 shares during the period. United Capital Financial Advisors LLC's holdings in General Electric were worth $6,745,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. New Age Alpha Advisors LLC lifted its stake in General Electric by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock valued at $25,000 after buying an additional 84 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in General Electric in the 4th quarter valued at $27,000. Sumitomo Mitsui Financial Group Inc. bought a new position in General Electric during the 4th quarter worth about $28,000. Sugar Maple Asset Management LLC acquired a new stake in shares of General Electric in the 4th quarter valued at about $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new position in shares of General Electric during the fourth quarter worth about $29,000. 74.77% of the stock is owned by institutional investors.

General Electric Stock Performance

GE traded down $4.10 on Monday, reaching $177.69. The company had a trading volume of 1,563,756 shares, compared to its average volume of 5,422,051. The stock has a market cap of $190.71 billion, a P/E ratio of 29.66, a P/E/G ratio of 2.59 and a beta of 1.04. 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 fifty-two week low of $148.83 and a fifty-two week high of $214.21. The company's fifty day moving average is $196.12 and its 200 day moving average is $186.52.

General Electric (NYSE:GE - Get Free Report) last released its quarterly 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, analysts predict that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.81%. General Electric's dividend payout ratio is 24.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GE shares. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Redburn Atlantic initiated coverage on shares of General Electric in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target on the stock. Wells Fargo & Company upped their target price on General Electric from $203.00 to $212.00 and gave the stock an "overweight" rating in a report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft cut their price objective on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Finally, Citigroup dropped their price target on shares of General Electric from $235.00 to $227.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $213.33.

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.