Intelligence Driven Advisers LLC Grows Holdings in General Electric (NYSE:GE)

Intelligence Driven Advisers LLC lifted its holdings in General Electric (NYSE:GE) by 12.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,056 shares of the conglomerate’s stock after buying an additional 337 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in General Electric were worth $405,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Halpern Financial Inc. grew its position in General Electric by 968.4% during the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 184 shares during the last quarter. Criterion Capital Advisors LLC purchased a new stake in General Electric during the 4th quarter valued at about $27,000. CGC Financial Services LLC grew its position in General Electric by 90.2% during the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 110 shares during the last quarter. Capital Analysts LLC grew its position in General Electric by 55.8% during the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 87 shares during the last quarter. Finally, Bfsg LLC purchased a new stake in General Electric during the 4th quarter valued at about $32,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the transaction, the senior vice president now owns 48,339 shares in the company, valued at approximately $6,552,351.45. The sale was disclosed in a filing with the SEC, which is available through this link. In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the sale, the senior vice president now owns 56,284 shares in the company, valued at approximately $8,153,863.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Michael J. Holston sold 13,601 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the sale, the senior vice president now owns 48,339 shares in the company, valued at approximately $6,552,351.45. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on GE shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Electric from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. StockNews.com started coverage on shares of General Electric in a research note on Monday. They set a “hold” rating on the stock. TD Cowen upgraded shares of General Electric from a “hold” rating to a “buy” rating and upped their target price for the company from $175.00 to $180.00 in a research note on Tuesday, April 9th. JPMorgan Chase & Co. lowered their target price on shares of General Electric from $180.00 to $148.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 2nd. Finally, Vertical Research started coverage on shares of General Electric in a research note on Thursday, April 4th. They issued a “buy” rating and a $160.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $172.29.

General Electric Price Performance

GE traded up $2.49 during trading hours on Thursday, hitting $162.19. The company’s stock had a trading volume of 2,909,376 shares, compared to its average volume of 7,962,157. The business’s 50-day moving average price is $161.50 and its 200-day moving average price is $137.33. General Electric has a 12 month low of $77.93 and a 12 month high of $166.26. The stock has a market cap of $177.53 billion, a price-to-earnings ratio of 52.50, a P/E/G ratio of 2.88 and a beta of 1.25. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping the consensus estimate of $0.65 by $0.17. The company had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.25 billion. General Electric had a net margin of 5.05% and a return on equity of 12.54%. General Electric’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. Sell-side analysts expect that General Electric will post 3.95 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.69%. The ex-dividend date was Friday, April 12th. This is an increase from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio is 36.72%.

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.