Knuff & Co LLC Increases Stock Position in General Electric (NYSE:GE)

Knuff & Co LLC lifted its position in shares of General Electric (NYSE:GE) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,288 shares of the conglomerate’s stock after acquiring an additional 188 shares during the quarter. Knuff & Co LLC’s holdings in General Electric were worth $1,441,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GE. Halpern Financial Inc. grew its position in shares of General Electric by 968.4% in the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 184 shares during the last quarter. Criterion Capital Advisors LLC purchased a new stake in shares of General Electric in the fourth quarter valued at $27,000. CGC Financial Services LLC increased its position in General Electric by 90.2% during the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 110 shares in the last quarter. Capital Analysts LLC raised its stake in General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 87 shares during the last quarter. Finally, Bfsg LLC purchased a new position in General Electric in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Trading Up 0.9 %

Shares of NYSE GE traded up $1.47 during trading on Friday, hitting $164.11. 3,968,626 shares of the company traded hands, compared to its average volume of 7,987,890. General Electric has a 1 year low of $77.93 and a 1 year high of $166.26. The company has a 50-day moving average price of $161.93 and a 200-day moving average price of $137.89. The firm has a market capitalization of $179.64 billion, a P/E ratio of 53.81, a P/E/G ratio of 2.92 and a beta of 1.25. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.63.

General Electric (NYSE:GE) last posted its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.17. The business had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 EPS. On average, equities analysts predict that General Electric will post 3.96 EPS for the current year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Friday, April 12th. This is an increase from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio is currently 36.72%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of General Electric from $180.00 to $148.00 and set an “overweight” rating for the company in a research report on Tuesday, April 2nd. The Goldman Sachs Group boosted their price target on General Electric from $190.00 to $211.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Citigroup raised their price objective on General Electric from $120.43 to $186.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Jefferies Financial Group upped their target price on General Electric from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of General Electric in a research note on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.29.

Insider Buying and Selling

In related news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the sale, the senior vice president now owns 56,284 shares in the company, valued at $8,153,863.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.66% of the stock is owned by company insiders.

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.