General Electric (NYSE:GE) Shares Purchased by Cavalier Investments LLC

Cavalier Investments LLC raised its position in shares of General Electric (NYSE:GE) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,489 shares of the conglomerate’s stock after buying an additional 912 shares during the quarter. General Electric comprises 1.3% of Cavalier Investments LLC’s portfolio, making the stock its 16th largest position. Cavalier Investments LLC’s holdings in General Electric were worth $3,751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Valley Wealth Managers Inc. acquired a new stake in shares of General Electric during the 3rd quarter worth approximately $25,000. Hager Investment Management Services LLC acquired a new stake in shares of General Electric during the 4th quarter worth approximately $27,000. Peterson Financial Group Inc. acquired a new stake in shares of General Electric during the 3rd quarter worth approximately $28,000. Sugar Maple Asset Management LLC acquired a new stake in shares of General Electric during the 4th quarter worth approximately $29,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of General Electric during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GE. Wells Fargo & Company increased their price target on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Citigroup increased their price target on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. increased their price target on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Finally, Northcoast Research began coverage on General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Stock Performance

Shares of NYSE GE opened at $199.20 on Wednesday. The stock has a fifty day moving average price of $187.90 and a two-hundred day moving average price of $181.44. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The firm has a market cap of $213.80 billion, a P/E ratio of 33.25, a PEG ratio of 2.59 and a beta of 1.21. General Electric has a 1 year low of $122.48 and a 1 year high of $212.19.

General Electric (NYSE:GE) last issued its quarterly earnings results 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 return on equity of 22.19% and a net margin of 14.31%. Research analysts forecast that General Electric will post 5.4 EPS 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. Stockholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This is a positive change from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.72%. General Electric’s dividend payout ratio (DPR) is currently 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.