Uniting Wealth Partners LLC Takes Position in General Electric (NYSE:GE)

Uniting Wealth Partners LLC acquired a new position in General Electric (NYSE:GE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,521 shares of the conglomerate's stock, valued at approximately $254,000.

Several other large investors have also recently modified their holdings of GE. Truvestments Capital LLC lifted its holdings in shares of General Electric by 26.2% during the 4th quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate's stock valued at $39,000 after purchasing an additional 49 shares during the last quarter. Ballast Advisors LLC raised its stake in General Electric by 2.5% in the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the conglomerate's stock valued at $349,000 after buying an additional 51 shares during the last quarter. Blue Barn Wealth LLC boosted its holdings in General Electric by 3.8% in the fourth quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate's stock worth $245,000 after acquiring an additional 54 shares in the last quarter. Game Plan Financial Advisors LLC grew its stake in shares of General Electric by 10.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate's stock worth $96,000 after acquiring an additional 55 shares during the last quarter. Finally, Red Door Wealth Management LLC increased its holdings in shares of General Electric by 4.0% during the fourth quarter. Red Door Wealth Management LLC now owns 1,444 shares of the conglomerate's stock valued at $241,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented 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 target price for the company. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Wells Fargo & Company upped their target price on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. lifted their price target on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Finally, Citigroup increased their price objective 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 fourteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $214.73.

General Electric Price Performance

Shares of NYSE:GE traded down $20.87 during trading on Friday, reaching $166.76. 18,160,091 shares of the company's stock traded hands, compared to its average volume of 5,400,110. The firm has a market cap of $178.98 billion, a PE ratio of 27.84, a P/E/G ratio of 2.59 and a beta of 1.04. General Electric has a fifty-two week low of $146.78 and a fifty-two week high of $214.21. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a 50-day simple moving average of $201.56 and a 200-day simple moving average of $187.07.

General Electric (NYSE:GE - Get Free Report) last announced its 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 year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.86%. This is a boost from General Electric's previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. General Electric's payout ratio is presently 24.04%.

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.