Wealth Enhancement Advisory Services LLC Boosts Holdings in General Electric (NYSE:GE)

Wealth Enhancement Advisory Services LLC grew its holdings in shares of General Electric (NYSE:GE - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 551,171 shares of the conglomerate's stock after purchasing an additional 4,828 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.05% of General Electric worth $91,930,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp purchased a new position in General Electric during the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new stake in shares of General Electric during the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new stake in shares of General Electric during the 3rd quarter valued at about $27,000. Peterson Financial Group Inc. bought a new stake in shares of General Electric during the 3rd quarter valued at about $28,000. Finally, Studio Investment Management LLC boosted its position in shares of General Electric by 97.5% during the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate's stock valued at $25,000 after acquiring an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

General Electric Trading Down 0.7 %

Shares of GE traded down $1.24 during mid-day trading on Friday, hitting $171.65. 5,130,603 shares of the company's stock traded hands, compared to its average volume of 4,859,546. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. General Electric has a 1 year low of $100.95 and a 1 year high of $194.80. The firm has a market capitalization of $185.78 billion, a P/E ratio of 30.17, a PEG ratio of 1.63 and a beta of 1.19. The business's 50-day moving average price is $174.34 and its 200-day moving average price is $173.36.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $9.84 billion for the quarter, compared to analysts' expectations of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 earnings per share. As a group, sell-side analysts forecast that General Electric will post 4.24 EPS for the current fiscal year.

General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.65%. The ex-dividend date is Friday, December 27th. General Electric's dividend payout ratio (DPR) is 19.68%.

Insiders Place Their Bets

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the sale, the senior vice president now owns 13,289 shares of the company's stock, valued at approximately $2,407,036.57. The trade was a 34.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the transaction, the senior vice president now directly owns 148,857 shares in the company, valued at $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company's stock.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on General Electric from $210.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Royal Bank of Canada dropped their price target on General Electric from $210.00 to $200.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Northcoast Research initiated coverage on General Electric in a research report on Tuesday. They issued a "neutral" rating for the company. Deutsche Bank Aktiengesellschaft dropped their target price on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Finally, Sanford C. Bernstein boosted their target price on General Electric from $201.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Three investment analysts have 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 has a consensus rating of "Moderate Buy" and a consensus target price of $201.47.

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.