Kestra Private Wealth Services LLC Purchases 10,559 Shares of General Electric (NYSE:GE)

Kestra Private Wealth Services LLC boosted its position in General Electric (NYSE:GE) by 48.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,250 shares of the conglomerate’s stock after buying an additional 10,559 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in General Electric were worth $5,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. LongView Wealth Management purchased a new position in General Electric in the 3rd quarter worth $225,000. Westend Capital Management LLC grew its stake in shares of General Electric by 52.8% during the third quarter. Westend Capital Management LLC now owns 79,229 shares of the conglomerate’s stock valued at $14,941,000 after buying an additional 27,372 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of General Electric by 8.3% in the third quarter. Exchange Traded Concepts LLC now owns 62,257 shares of the conglomerate’s stock worth $11,740,000 after buying an additional 4,787 shares during the period. CHICAGO TRUST Co NA lifted its stake in shares of General Electric by 2.3% in the 3rd quarter. CHICAGO TRUST Co NA now owns 12,168 shares of the conglomerate’s stock valued at $2,295,000 after acquiring an additional 277 shares during the last quarter. Finally, Exchange Bank boosted its holdings in General Electric by 2.7% during the 3rd quarter. Exchange Bank now owns 2,894 shares of the conglomerate’s stock valued at $546,000 after acquiring an additional 75 shares during the period. 74.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Sanford C. Bernstein lifted their price target on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of General Electric in a research report on Wednesday, January 22nd. UBS Group boosted their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Citigroup increased their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $208.73.

General Electric Trading Down 0.4 %

GE opened at $205.32 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. General Electric has a 52 week low of $110.57 and a 52 week high of $207.84. The stock has a market cap of $220.37 billion, a PE ratio of 34.28, a PEG ratio of 2.56 and a beta of 1.22. The business has a 50 day moving average of $179.68 and a 200-day moving average of $177.89.

General Electric (NYSE:GE) last released its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Equities research analysts predict that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were issued a dividend of $0.28 per share. The ex-dividend date was Friday, December 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.55%. General Electric’s payout ratio is 18.70%.

Insider Transactions at General Electric

In other 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 of the company’s stock, valued at $26,539,714.53. The trade was a 9.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.66% of the company’s stock.

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.