Avidian Wealth Enterprises LLC Purchases 215 Shares of General Electric (NYSE:GE)

Avidian Wealth Enterprises LLC increased its position in General Electric (NYSE:GE) by 9.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,556 shares of the conglomerate’s stock after acquiring an additional 215 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in General Electric were worth $426,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Kentucky Trust Co bought a new position in General Electric during the 4th quarter valued at about $361,000. Valley Brook Capital Group Inc. lifted its stake in General Electric by 14.1% during the 4th quarter. Valley Brook Capital Group Inc. now owns 3,599 shares of the conglomerate’s stock valued at $600,000 after acquiring an additional 445 shares during the period. TFB Advisors LLC lifted its stake in General Electric by 8.9% during the 4th quarter. TFB Advisors LLC now owns 1,823 shares of the conglomerate’s stock valued at $304,000 after acquiring an additional 149 shares during the period. Capital Advisors Inc. OK lifted its stake in General Electric by 4.3% during the 4th quarter. Capital Advisors Inc. OK now owns 5,728 shares of the conglomerate’s stock valued at $955,000 after acquiring an additional 238 shares during the period. Finally, Leavell Investment Management Inc. lifted its stake in General Electric by 35.5% during the 4th quarter. Leavell Investment Management Inc. now owns 11,472 shares of the conglomerate’s stock valued at $1,917,000 after acquiring an additional 3,003 shares during the period. Institutional investors own 74.77% of the company’s stock.

General Electric Trading Down 0.6 %

General Electric stock opened at $208.35 on Friday. The firm has a 50 day moving average of $181.29 and a 200 day moving average of $178.78. The firm has a market capitalization of $223.62 billion, a price-to-earnings ratio of 34.78, a P/E/G ratio of 2.56 and a beta of 1.22. General Electric has a 12-month low of $113.88 and a 12-month high of $211.42. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) 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%. As a group, research analysts predict that General Electric will post 5.39 earnings per share for the current year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Friday, December 27th. General Electric’s dividend payout ratio (DPR) is currently 18.70%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Northcoast Research assumed coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating for the company. Bank of America upped their price target on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, UBS Group upped their price target 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. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $208.73.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the sale, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.66% of the company’s stock.

General Electric Company 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.