W Advisors LLC Takes Position in General Electric (NYSE:GE)

W Advisors LLC acquired a new position in shares of General Electric (NYSE:GE) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,739 shares of the conglomerate’s stock, valued at approximately $222,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC grew its position in shares of General Electric by 29.3% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 28,311 shares of the conglomerate’s stock valued at $3,613,000 after purchasing an additional 6,419 shares during the period. Fifth Third Bancorp grew its holdings in General Electric by 12.5% in the 4th quarter. Fifth Third Bancorp now owns 261,187 shares of the conglomerate’s stock valued at $33,335,000 after buying an additional 28,985 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of General Electric by 10.9% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 109,332 shares of the conglomerate’s stock worth $12,087,000 after acquiring an additional 10,722 shares during the period. Grandfield & Dodd LLC boosted its position in shares of General Electric by 9.3% in the fourth quarter. Grandfield & Dodd LLC now owns 269,783 shares of the conglomerate’s stock worth $34,432,000 after acquiring an additional 22,998 shares during the last quarter. Finally, Qsemble Capital Management LP purchased a new stake in General Electric in the third quarter valued at approximately $1,846,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Price Performance

Shares of NYSE GE traded up $1.47 during midday trading on Friday, reaching $164.11. The company’s stock had a trading volume of 3,968,626 shares, compared to its average volume of 7,987,890. The company has a market cap of $179.64 billion, a price-to-earnings ratio of 53.81, a price-to-earnings-growth ratio of 2.92 and a beta of 1.25. General Electric has a one year low of $77.93 and a one year high of $166.26. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average price of $161.93 and a 200 day moving average price of $137.89.

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

General Electric Increases Dividend

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

Analyst Ratings Changes

Several research analysts recently commented on GE shares. Argus raised their price target on shares of General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Barclays lowered their price target on General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. TheStreet upgraded General Electric from a “c+” rating to a “b+” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada increased their target price on General Electric from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, Vertical Research assumed coverage on General Electric in a research report on Thursday, April 4th. They set a “buy” rating and a $160.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, General Electric currently has a consensus rating of “Moderate Buy” and an average price target of $172.29.

Insider Buying and Selling

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

About General Electric

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.