Hazlett Burt & Watson Inc. Purchases 576 Shares of General Electric (NYSE:GE)

Hazlett Burt & Watson Inc. lifted its position in General Electric (NYSE:GE) by 27.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,645 shares of the conglomerate’s stock after acquiring an additional 576 shares during the period. Hazlett Burt & Watson Inc.’s holdings in General Electric were worth $444,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Partners in Financial Planning purchased a new stake in General Electric during the 4th quarter valued at $564,000. O Shaughnessy Asset Management LLC boosted its position in shares of General Electric by 0.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 158,604 shares of the conglomerate’s stock valued at $26,454,000 after buying an additional 1,152 shares during the last quarter. Physician Wealth Advisors Inc. purchased a new stake in shares of General Electric during the fourth quarter valued at $144,000. RWA Wealth Partners LLC raised its position in General Electric by 1.4% in the 4th quarter. RWA Wealth Partners LLC now owns 23,263 shares of the conglomerate’s stock worth $3,880,000 after buying an additional 315 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in General Electric by 50.0% in the 4th quarter. Schroder Investment Management Group now owns 1,134,597 shares of the conglomerate’s stock worth $190,726,000 after buying an additional 378,371 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

GE has been the subject of a number of research analyst reports. Redburn Atlantic assumed coverage on shares of General Electric in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target for the company. Citigroup boosted their target price on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Northcoast Research initiated coverage on General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. Wells Fargo & Company upped their price objective on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $211.31.

General Electric Stock Performance

Shares of NYSE GE opened at $199.66 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a 1 year low of $133.99 and a 1 year high of $214.21. The firm has a fifty day moving average price of $201.52 and a 200-day moving average price of $186.64. The stock has a market cap of $214.29 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Equities analysts anticipate that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a $0.36 dividend. The ex-dividend date is Monday, March 10th. 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 payout ratio is currently 24.04%.

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.