Savant Capital LLC Grows Position in General Electric (NYSE:GE)

Savant Capital LLC raised its position in shares of General Electric (NYSE:GE) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 39,316 shares of the conglomerate’s stock after purchasing an additional 802 shares during the quarter. Savant Capital LLC’s holdings in General Electric were worth $6,558,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GE. Gilman Hill Asset Management LLC purchased a new position in General Electric during the 3rd quarter valued at approximately $209,000. CVA Family Office LLC lifted its stake in shares of General Electric by 4.4% in the 3rd quarter. CVA Family Office LLC now owns 1,962 shares of the conglomerate’s stock valued at $370,000 after purchasing an additional 83 shares during the last quarter. Armstrong Advisory Group Inc. lifted its stake in shares of General Electric by 62.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 3,641 shares of the conglomerate’s stock valued at $687,000 after purchasing an additional 1,406 shares during the last quarter. Svenska Handelsbanken AB publ bought a new stake in shares of General Electric in the 3rd quarter valued at approximately $38,710,000. Finally, Oliver Luxxe Assets LLC lifted its stake in shares of General Electric by 16.0% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 34,468 shares of the conglomerate’s stock valued at $6,500,000 after purchasing an additional 4,752 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction on 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 transaction, the senior vice president now directly owns 148,857 shares in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on GE. Melius Research raised their price objective on General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. UBS Group raised their price objective on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Wells Fargo & Company raised their price objective on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. raised their price objective on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, General Electric has an average rating of “Moderate Buy” and an average price target of $208.73.

General Electric Trading Up 0.0 %

Shares of NYSE GE opened at $205.33 on Tuesday. 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 business has a fifty day simple moving average of $179.68 and a two-hundred day simple moving average of $178.00. The firm has a market cap of $220.38 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22. General Electric has a twelve month low of $110.95 and a twelve month high of $207.84.

General Electric (NYSE:GE) last issued its earnings results 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%. Analysts expect that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Friday, December 27th. General Electric’s dividend payout ratio (DPR) is presently 18.70%.

About General Electric

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.