Florida Financial Advisors LLC Buys 329 Shares of General Electric (NYSE:GE)

Florida Financial Advisors LLC lifted its position in General Electric (NYSE:GE) by 30.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,427 shares of the conglomerate’s stock after buying an additional 329 shares during the quarter. Florida Financial Advisors LLC’s holdings in General Electric were worth $238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hager Investment Management Services LLC acquired a new position in General Electric during the fourth quarter worth approximately $27,000. Sugar Maple Asset Management LLC acquired a new stake in shares of General Electric in the fourth quarter valued at approximately $29,000. CBIZ Investment Advisory Services LLC bought a new position in shares of General Electric during the 4th quarter worth approximately $29,000. RPg Family Wealth Advisory LLC acquired a new position in shares of General Electric during the 3rd quarter worth approximately $30,000. Finally, Picton Mahoney Asset Management raised its stake in General Electric by 62.4% in the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 68 shares during the period. Institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GE. UBS Group upped their price target on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased 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. Northcoast Research began coverage on General Electric in a report on Tuesday, January 7th. They set a “neutral” rating for the company. Bank of America upped their price objective on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $211.31.

General Electric Trading Up 0.9 %

Shares of GE stock opened at $212.18 on Wednesday. General Electric has a twelve month low of $133.99 and a twelve month high of $212.76. The stock’s fifty day simple moving average is $200.12 and its 200 day simple moving average is $185.83. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $227.73 billion, a P/E ratio of 35.42, a P/E/G ratio of 2.59 and a beta of 1.19.

General Electric (NYSE:GE) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts predict that General Electric will post 5.4 EPS 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. Shareholders of record on Monday, March 10th will be given a $0.36 dividend. 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 0.68%. The ex-dividend date of this dividend is Monday, March 10th. General Electric’s dividend payout ratio is 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.