SageView Advisory Group LLC Purchases 2,147 Shares of General Electric (NYSE:GE)

SageView Advisory Group LLC increased its position in General Electric (NYSE:GE) by 38.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,730 shares of the conglomerate’s stock after buying an additional 2,147 shares during the quarter. SageView Advisory Group LLC’s holdings in General Electric were worth $1,035,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GE. Prime Capital Investment Advisors LLC boosted its holdings in shares of General Electric by 29.3% during the 4th 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 last quarter. Fifth Third Bancorp boosted its holdings in shares of General Electric by 12.5% during the 4th quarter. Fifth Third Bancorp now owns 261,187 shares of the conglomerate’s stock valued at $33,335,000 after purchasing an additional 28,985 shares during the last quarter. O Shaughnessy Asset Management LLC boosted 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 valued at $12,087,000 after purchasing an additional 10,722 shares during the last quarter. USA Financial Formulas boosted its holdings in shares of General Electric by 24,042.9% during the 4th quarter. USA Financial Formulas now owns 10,140 shares of the conglomerate’s stock valued at $1,294,000 after purchasing an additional 10,098 shares during the last quarter. Finally, Grandfield & Dodd LLC boosted its holdings in shares of General Electric by 9.3% during the 4th quarter. Grandfield & Dodd LLC now owns 269,783 shares of the conglomerate’s stock valued at $34,432,000 after purchasing an additional 22,998 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

General Electric Trading Up 1.3 %

General Electric stock traded up $2.07 during midday trading on Friday, reaching $167.33. The stock had a trading volume of 5,500,252 shares, compared to its average volume of 5,534,409. 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 has a 52-week low of $79.76 and a 52-week high of $170.80. The firm has a market cap of $183.16 billion, a price-to-earnings ratio of 54.86, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The company has a fifty day moving average of $162.36 and a 200 day moving average of $143.82.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping analysts’ consensus estimates 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 company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $0.27 earnings per share. On average, analysts anticipate that General Electric will post 3.98 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were given a dividend of $0.28 per share. The ex-dividend date was Friday, April 12th. This is a positive change from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.67%. General Electric’s dividend payout ratio (DPR) is 36.72%.

Insider Transactions at General Electric

In other news, SVP Russell Stokes sold 45,309 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the transaction, the senior vice president now directly owns 112,958 shares of the company’s stock, valued at $18,391,821.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GE. JPMorgan Chase & Co. upped their target price on shares of General Electric from $148.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, May 13th. UBS Group upped their target price on shares of General Electric from $191.00 to $201.00 and gave the company a “buy” rating in a research report on Thursday. TD Cowen upgraded shares of General Electric from a “hold” rating to a “buy” rating and upped their target price for the company from $175.00 to $180.00 in a research report on Tuesday, April 9th. Barclays decreased their target price on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 3rd. Finally, The Goldman Sachs Group upped their target price on shares of General Electric from $190.00 to $211.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $176.00.

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.