Pring Turner Capital Group Inc. Has $974,000 Stock Position in General Electric (NYSE:GE)

Pring Turner Capital Group Inc. cut its position in General Electric (NYSE:GE) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,837 shares of the conglomerate’s stock after selling 166 shares during the quarter. Pring Turner Capital Group Inc.’s holdings in General Electric were worth $974,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GE. Hennion & Walsh Asset Management Inc. boosted its position in shares of General Electric by 69.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,357 shares of the conglomerate’s stock valued at $822,000 after acquiring an additional 1,790 shares during the period. Assenagon Asset Management S.A. raised its stake in General Electric by 0.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 30,671 shares of the conglomerate’s stock valued at $5,784,000 after purchasing an additional 209 shares during the last quarter. Arkadios Wealth Advisors raised its stake in General Electric by 2.4% during the 3rd quarter. Arkadios Wealth Advisors now owns 6,023 shares of the conglomerate’s stock valued at $1,136,000 after purchasing an additional 140 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in General Electric by 65.9% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,089 shares of the conglomerate’s stock valued at $394,000 after purchasing an additional 830 shares during the period. Finally, GHP Investment Advisors Inc. grew its position in General Electric by 9.3% in the 3rd quarter. GHP Investment Advisors Inc. now owns 1,275 shares of the conglomerate’s stock worth $240,000 after purchasing an additional 108 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of General Electric in a research report on Wednesday, January 22nd. Wells Fargo & Company upped their price target on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Redburn Atlantic initiated coverage on General Electric in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective on the stock. Deutsche Bank Aktiengesellschaft cut their target price on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Finally, Bank of America raised their target price on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, General Electric presently has an average rating of “Moderate Buy” and an average target price of $211.31.

General Electric Stock Performance

NYSE GE opened at $198.68 on Tuesday. General Electric has a 1-year low of $122.48 and a 1-year high of $212.19. The company has a 50 day moving average of $187.23 and a 200-day moving average of $181.22. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The firm has a market cap of $213.24 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 2.59 and a beta of 1.21.

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, 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%. On average, equities analysts forecast that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.72%. This is a boost from General Electric’s previous quarterly dividend of $0.28. 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.