MONECO Advisors LLC Buys 987 Shares of General Electric (NYSE:GE)

MONECO Advisors LLC boosted its stake in General Electric (NYSE:GE) by 30.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,219 shares of the conglomerate’s stock after purchasing an additional 987 shares during the period. MONECO Advisors LLC’s holdings in General Electric were worth $704,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GE. Valley Wealth Managers Inc. purchased a new position in shares of General Electric in the third quarter worth $25,000. Hager Investment Management Services LLC bought a new stake in General Electric in the 4th quarter worth $27,000. Peterson Financial Group Inc. purchased a new position in shares of General Electric in the third quarter valued at about $28,000. Sugar Maple Asset Management LLC bought a new position in shares of General Electric during the fourth quarter valued at about $29,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of General Electric during the third quarter worth about $30,000. Institutional investors own 74.77% of the company’s stock.

General Electric Price Performance

Shares of NYSE GE opened at $199.90 on Monday. The company has a 50 day simple moving average of $186.57 and a two-hundred day simple moving average of $180.98. General Electric has a fifty-two week low of $119.88 and a fifty-two week high of $212.19. The company has a market capitalization of $214.55 billion, a price-to-earnings ratio of 33.37, a P/E/G ratio of 2.59 and a beta of 1.22. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

General Electric (NYSE:GE) 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%. Analysts expect that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a $0.36 dividend. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. General Electric’s payout ratio is presently 18.70%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Citigroup boosted their target price on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Bank of America raised their price target on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. boosted their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Northcoast Research initiated coverage on shares of General Electric in a research report on Tuesday, January 7th. They issued a “neutral” rating for the company. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.31.

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.