WD Rutherford LLC Acquires 1,278 Shares of General Electric (NYSE:GE)

WD Rutherford LLC lifted its holdings in General Electric (NYSE:GE - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,639 shares of the conglomerate's stock after purchasing an additional 1,278 shares during the quarter. WD Rutherford LLC's holdings in General Electric were worth $3,276,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC grew its holdings in General Electric by 117.7% during the third quarter. Catalyst Capital Advisors LLC now owns 270 shares of the conglomerate's stock worth $51,000 after acquiring an additional 146 shares during the period. Johnson & White Wealth Management LLC acquired a new stake in General Electric during the 4th quarter worth about $733,000. State Street Corp lifted its holdings in shares of General Electric by 2.1% during the 3rd quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock valued at $8,181,801,000 after buying an additional 898,296 shares during the last quarter. Soltis Investment Advisors LLC lifted its holdings in shares of General Electric by 269.8% during the 3rd quarter. Soltis Investment Advisors LLC now owns 28,201 shares of the conglomerate's stock valued at $5,318,000 after buying an additional 20,575 shares during the last quarter. Finally, World Investment Advisors LLC lifted its holdings in shares of General Electric by 60.7% during the 3rd quarter. World Investment Advisors LLC now owns 13,662 shares of the conglomerate's stock valued at $2,576,000 after buying an additional 5,162 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Bank of America boosted their target price on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Wells Fargo & Company boosted their target price on General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their target price 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, Redburn Atlantic began coverage on General Electric in a report on Tuesday. They issued a "buy" rating and a $250.00 target price for the company. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $211.31.

General Electric Stock Up 0.1 %

NYSE GE traded up $0.20 during trading hours on Wednesday, hitting $210.28. 2,697,067 shares of the company traded hands, compared to its average volume of 5,496,679. The business's 50-day moving average is $184.18 and its 200-day moving average is $180.02. General Electric has a twelve month low of $118.13 and a twelve month high of $212.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The stock has a market capitalization of $225.69 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 2.59 and a beta of 1.22.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (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%. Sell-side analysts anticipate that General Electric will post 5.39 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 dividend on an annualized basis and a dividend yield of 0.68%. This is a boost from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) is presently 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.