Sage Mountain Advisors LLC Buys 451 Shares of General Electric (NYSE:GE)

Sage Mountain Advisors LLC raised its stake in General Electric (NYSE:GE) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,842 shares of the conglomerate’s stock after acquiring an additional 451 shares during the period. Sage Mountain Advisors LLC’s holdings in General Electric were worth $808,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GE. Valley Wealth Managers Inc. acquired a new stake in General Electric during the 3rd quarter valued at $25,000. Hager Investment Management Services LLC acquired a new position in shares of General Electric during the fourth quarter worth approximately $27,000. Peterson Financial Group Inc. bought a new stake in shares of General Electric during the third quarter valued at approximately $28,000. Sugar Maple Asset Management LLC acquired a new stake in shares of General Electric in the fourth quarter valued at approximately $29,000. Finally, RPg Family Wealth Advisory LLC bought a new position in General Electric in the 3rd quarter worth approximately $30,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their target price on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Citigroup boosted their price target on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Wells Fargo & Company raised their price objective on shares of 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. increased their price target 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 reiterated an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, General Electric has an average rating of “Moderate Buy” and an average price target of $211.31.

General Electric Trading Down 0.1 %

NYSE GE opened at $191.89 on Wednesday. General Electric has a 52 week low of $131.14 and a 52 week 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’s 50 day moving average price is $193.99 and its two-hundred day moving average price is $183.50. The stock has a market capitalization of $205.95 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS 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%. As a group, analysts anticipate that General Electric will post 5.4 earnings per share for the current fiscal 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 paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.75%. This is an increase from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. General Electric’s dividend payout ratio is currently 24.04%.

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.