Tiemann Investment Advisors LLC Has $519,000 Position in General Electric (NYSE:GE)

Tiemann Investment Advisors LLC cut its holdings in General Electric (NYSE:GE) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,109 shares of the conglomerate’s stock after selling 65 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in General Electric were worth $519,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in GE. Daiwa Securities Group Inc. raised its position in General Electric by 8.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 148,141 shares of the conglomerate’s stock worth $24,709,000 after purchasing an additional 11,609 shares during the last quarter. Moran Wealth Management LLC raised its position in shares of General Electric by 5.4% during the fourth quarter. Moran Wealth Management LLC now owns 1,360 shares of the conglomerate’s stock worth $227,000 after acquiring an additional 70 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in General Electric by 47.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 646,452 shares of the conglomerate’s stock valued at $107,822,000 after acquiring an additional 207,672 shares during the last quarter. BOK Financial Private Wealth Inc. increased its position in General Electric by 323.7% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 877 shares of the conglomerate’s stock worth $147,000 after purchasing an additional 670 shares during the period. Finally, Personal CFO Solutions LLC raised its holdings in General Electric by 9.6% during the 4th quarter. Personal CFO Solutions LLC now owns 7,912 shares of the conglomerate’s stock worth $1,320,000 after purchasing an additional 694 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

General Electric Trading Down 1.0 %

Shares of NYSE:GE opened at $194.08 on Monday. The firm has a market cap of $208.31 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 2.59 and a beta of 1.19. 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 12 month low of $130.38 and a 12 month high of $212.19. The company’s fifty day simple moving average is $193.02 and its 200 day simple moving average is $183.20.

General Electric (NYSE:GE) last issued 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%. As a group, research analysts forecast that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a yield of 0.74%. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is 24.04%.

Analyst Ratings Changes

Several brokerages have recently issued reports on GE. Northcoast Research started coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. Redburn Atlantic initiated coverage on shares of General Electric in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective on the stock. Wells Fargo & Company upped their target price on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. raised their price target on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.31.

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.