National Wealth Management Group LLC Sells 430 Shares of General Electric (NYSE:GE)

National Wealth Management Group LLC lessened its holdings in General Electric (NYSE:GE) by 8.8% during the 4th quarter, HoldingsChannel reports. The firm owned 4,458 shares of the conglomerate’s stock after selling 430 shares during the period. National Wealth Management Group LLC’s holdings in General Electric were worth $744,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GE. Erste Asset Management GmbH purchased a new stake in General Electric during the 3rd quarter valued at $53,000. FSA Wealth Management LLC purchased a new stake in shares of General Electric in the third quarter valued at $54,000. Paloma Partners Management Co bought a new stake in shares of General Electric in the 3rd quarter worth about $270,000. Atom Investors LP boosted its stake in shares of General Electric by 103.2% during the 3rd quarter. Atom Investors LP now owns 11,340 shares of the conglomerate’s stock worth $2,138,000 after purchasing an additional 5,759 shares during the period. Finally, Benjamin Edwards Inc. grew its holdings in General Electric by 1,025.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 15,403 shares of the conglomerate’s stock valued at $2,905,000 after purchasing an additional 14,034 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Trading Up 0.2 %

Shares of NYSE GE opened at $200.29 on Tuesday. The business has a fifty day moving average price of $201.87 and a 200 day moving average price of $186.85. General Electric has a 1-year low of $133.99 and a 1-year high of $214.21. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The stock has a market capitalization of $214.97 billion, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE) last released its quarterly 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 net margin of 14.31% and a return on equity of 22.19%. Equities research analysts expect that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. General Electric’s dividend payout ratio is presently 24.04%.

Analyst Ratings Changes

A number of research firms have recently commented on GE. Citigroup upped 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. Redburn Atlantic began coverage on General Electric in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. 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, Northcoast Research initiated coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, General Electric currently has a consensus rating of “Moderate Buy” and a consensus target price 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.