GWN Securities Inc. Takes $1.08 Million Position in General Electric (NYSE:GE)

GWN Securities Inc. bought a new position in General Electric (NYSE:GE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,500 shares of the conglomerate’s stock, valued at approximately $1,084,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Valley Wealth Managers Inc. bought a new stake in General Electric during the 3rd quarter worth about $25,000. Peterson Financial Group Inc. bought a new position in General Electric in the 3rd quarter valued at about $28,000. RPg Family Wealth Advisory LLC bought a new position in General Electric in the 3rd quarter valued at about $30,000. Hager Investment Management Services LLC acquired a new position in shares of General Electric during the 4th quarter worth approximately $27,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of General Electric during the 4th quarter worth approximately $29,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GE has been the topic of a number of analyst reports. Northcoast Research started coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. Redburn Atlantic initiated coverage on shares of General Electric in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price on the stock. Bank of America raised their price target on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company lifted their target price on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, General Electric currently has an average rating of “Moderate Buy” and an average price target of $211.31.

General Electric Stock Up 2.6 %

Shares of NYSE GE opened at $197.39 on Friday. The stock has a market capitalization of $211.85 billion, a P/E ratio of 32.95, a P/E/G ratio of 2.59 and a beta of 1.19. The company has a 50-day moving average price of $195.54 and a 200-day moving average price of $183.91. General Electric has a 1 year low of $131.91 and a 1 year high of $212.19. 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 (NYSE:GE) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating 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, equities 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. Investors of record on Monday, March 10th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.73%. General Electric’s payout ratio is 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.