General Electric (NYSE:GE) Stock Position Raised by Cavalier Investments LLC

Cavalier Investments LLC lifted its stake in shares of General Electric (NYSE:GE) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,489 shares of the conglomerate’s stock after acquiring an additional 912 shares during the quarter. General Electric accounts for 1.3% of Cavalier Investments LLC’s portfolio, making the stock its 16th largest holding. Cavalier Investments LLC’s holdings in General Electric were worth $3,751,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of GE. Valley Wealth Managers Inc. purchased a new stake in shares of General Electric in the third quarter valued at $25,000. Peterson Financial Group Inc. purchased a new stake in shares of General Electric in the third quarter valued at $28,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of General Electric in the third quarter valued at $30,000. Hager Investment Management Services LLC purchased a new stake in shares of General Electric in the fourth quarter valued at $27,000. Finally, Costello Asset Management INC lifted its holdings in shares of General Electric by 92.0% in the third quarter. Costello Asset Management INC now owns 167 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 80 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GE has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Citigroup increased their price objective on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company increased their price objective on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Bank of America increased their price objective on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, UBS Group increased their price objective on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, General Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.31.

General Electric Stock Up 0.2 %

GE stock opened at $199.20 on Wednesday. General Electric has a twelve month low of $122.48 and a twelve month high of $212.19. The company has a market cap of $213.80 billion, a PE ratio of 33.25, a price-to-earnings-growth ratio of 2.59 and a beta of 1.21. The business’s 50-day simple moving average is $187.90 and its 200 day simple moving average is $181.44. 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 (NYSE:GE) last announced its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping 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%. On average, research analysts anticipate that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. General Electric’s dividend payout ratio (DPR) is currently 24.04%.

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.