Valley Brook Capital Group Inc. Raises Position in General Electric (NYSE:GE)

Valley Brook Capital Group Inc. boosted its stake in General Electric (NYSE:GE) by 14.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,599 shares of the conglomerate’s stock after buying an additional 445 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in General Electric were worth $600,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in General Electric by 33.8% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,843 shares of the conglomerate’s stock worth $348,000 after purchasing an additional 466 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in General Electric in the 3rd quarter worth approximately $123,000. Fiduciary Alliance LLC purchased a new position in General Electric in the 3rd quarter worth approximately $240,000. Grove Bank & Trust lifted its stake in General Electric by 3.1% in the 3rd quarter. Grove Bank & Trust now owns 3,382 shares of the conglomerate’s stock worth $638,000 after purchasing an additional 103 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its stake in General Electric by 6.4% in the 3rd quarter. Wesbanco Bank Inc. now owns 60,935 shares of the conglomerate’s stock worth $11,491,000 after purchasing an additional 3,643 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value 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. The trade was a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on GE. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. UBS Group raised their price target on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Citigroup raised their price target on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Bank of America raised their price target on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.73.

General Electric Stock Performance

NYSE:GE opened at $209.03 on Wednesday. The company has a fifty day simple moving average of $180.18 and a two-hundred day simple moving average of $178.28. The company has a market cap of $224.35 billion, a price-to-earnings ratio of 34.90, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. General Electric has a 52 week low of $110.95 and a 52 week high of $209.15.

General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping the consensus estimate 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, equities analysts anticipate that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Dividend Announcement

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

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.