General Electric (NYSE:GE) Shares Bought by Washburn Capital Management Inc.

Washburn Capital Management Inc. lifted its position in shares of General Electric (NYSE:GE - Free Report) by 148.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,794 shares of the conglomerate's stock after buying an additional 1,670 shares during the period. Washburn Capital Management Inc.'s holdings in General Electric were worth $466,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Toth Financial Advisory Corp bought a new stake in General Electric in the third quarter valued at $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of General Electric in the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC bought a new stake in General Electric during the 3rd quarter valued at approximately $27,000. Peterson Financial Group Inc. bought a new position in General Electric in the third quarter worth $28,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in General Electric during the 3rd quarter valued at about $30,000. Institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GE shares. UBS Group upped their price target on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. upped their target price on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Citigroup raised their price target on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Bank of America upped their price objective on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, Melius Research lifted their target price on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $208.73.

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Insider Activity

In related news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.66% of the company's stock.

General Electric Stock Performance

NYSE GE traded up $0.89 during trading hours on Wednesday, hitting $209.71. 4,593,175 shares of the company's stock traded hands, compared to its average volume of 5,741,685. General Electric has a 52 week low of $110.95 and a 52 week high of $211.42. The firm has a market capitalization of $225.08 billion, a P/E ratio of 35.01, a P/E/G ratio of 2.56 and a beta of 1.22. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The business's fifty day moving average price is $180.75 and its two-hundred day moving average price is $178.56.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data 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%. Equities research analysts predict that General Electric will post 5.39 EPS for the current year.

General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Friday, December 27th. General Electric's dividend payout ratio (DPR) is currently 18.70%.

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.