Wealth Enhancement Advisory Services LLC Buys 4,828 Shares of General Electric (NYSE:GE)

Wealth Enhancement Advisory Services LLC increased its stake in General Electric (NYSE:GE) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 551,171 shares of the conglomerate’s stock after purchasing an additional 4,828 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in General Electric were worth $91,930,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Baker Tilly Wealth Management LLC raised its holdings in shares of General Electric by 7.1% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 2,459 shares of the conglomerate’s stock worth $410,000 after buying an additional 163 shares in the last quarter. Legacy Private Trust Co. increased its position in General Electric by 16.5% during the 4th quarter. Legacy Private Trust Co. now owns 22,660 shares of the conglomerate’s stock worth $3,779,000 after purchasing an additional 3,206 shares in the last quarter. First Hawaiian Bank lifted its stake in shares of General Electric by 2.2% in the 4th quarter. First Hawaiian Bank now owns 19,643 shares of the conglomerate’s stock valued at $3,276,000 after acquiring an additional 431 shares during the last quarter. Fulton Bank N.A. increased its holdings in General Electric by 217.4% in the 4th quarter. Fulton Bank N.A. now owns 5,888 shares of the conglomerate’s stock worth $982,000 after purchasing an additional 4,033 shares in the last quarter. Finally, Spartan Planning & Wealth Management bought a new position in General Electric in the fourth quarter valued at about $209,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on General Electric from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Royal Bank of Canada decreased their price target on shares of General Electric from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. UBS Group increased their price objective on General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Northcoast Research started coverage on General Electric in a report on Tuesday. They issued a “neutral” rating on the stock. Finally, Citigroup boosted their target price on shares of General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $201.47.

General Electric Stock Down 0.5 %

General Electric stock traded down $0.87 during trading on Friday, hitting $172.02. 1,446,099 shares of the company were exchanged, compared to its average volume of 4,249,202. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average is $174.34 and its 200 day moving average is $173.28. General Electric has a 52 week low of $100.95 and a 52 week high of $194.80. The company has a market capitalization of $186.18 billion, a P/E ratio of 30.23, a PEG ratio of 1.63 and a beta of 1.19.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The company had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts predict that General Electric will post 4.24 earnings per share for the current year.

General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.28 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.65%. General Electric’s payout ratio is presently 19.68%.

Insider Activity

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares of the company’s stock, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the transaction, the senior vice president now directly owns 148,857 shares in the company, valued at $26,539,714.53. This represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

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.