3,420 Shares in General Electric (NYSE:GE) Acquired by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC acquired a new position in General Electric (NYSE:GE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,420 shares of the conglomerate’s stock, valued at approximately $436,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Moneta Group Investment Advisors LLC increased its holdings in General Electric by 122,242.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,438,063 shares of the conglomerate’s stock worth $878,644,000 after purchasing an additional 13,427,079 shares in the last quarter. Norges Bank bought a new stake in shares of General Electric during the fourth quarter valued at approximately $635,274,000. State Street Corp increased its holdings in shares of General Electric by 17.3% during the first quarter. State Street Corp now owns 48,490,012 shares of the conglomerate’s stock valued at $4,639,533,000 after acquiring an additional 7,157,356 shares in the last quarter. WCM Investment Management LLC bought a new stake in shares of General Electric during the fourth quarter valued at approximately $520,488,000. Finally, Brown Advisory Inc. increased its holdings in shares of General Electric by 265.7% during the third quarter. Brown Advisory Inc. now owns 3,008,425 shares of the conglomerate’s stock valued at $332,581,000 after acquiring an additional 2,185,793 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GE has been the subject of several recent research reports. TD Cowen upgraded General Electric from a “hold” rating to a “buy” rating and boosted their price objective for the company from $175.00 to $180.00 in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on General Electric from $210.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, April 3rd. Wells Fargo & Company cut their target price on General Electric from $200.00 to $165.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. TheStreet raised General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. Finally, Barclays cut their target price on General Electric from $181.00 to $175.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.07.

Insiders Place Their Bets

In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 48,339 shares in the company, valued at approximately $6,552,351.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the completion of the sale, the senior vice president now directly owns 48,339 shares in the company, valued at approximately $6,552,351.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael J. Holston sold 22,055 shares of the 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 completion of the sale, the senior vice president now owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

General Electric Stock Performance

Shares of NYSE:GE traded up $3.06 during midday trading on Wednesday, reaching $156.76. 6,187,178 shares of the company traded hands, compared to its average volume of 8,443,114. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.69. General Electric has a 12 month low of $76.38 and a 12 month high of $158.68. The firm has a market capitalization of $171.38 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 3.01 and a beta of 1.29. The firm’s fifty day moving average price is $158.53 and its two-hundred day moving average price is $133.81.

General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.13. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The company had revenue of $19.42 billion for the quarter, compared to analyst estimates of $17.27 billion. During the same period in the previous year, the company posted $1.24 EPS. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, equities analysts expect that General Electric will post 3.78 earnings per share for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, April 15th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.71%. This is a positive change from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, April 12th. General Electric’s payout ratio is presently 13.38%.

General Electric Profile

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.