Telos Capital Management Inc. Purchases 244 Shares of General Electric (NYSE:GE)

Telos Capital Management Inc. lifted its position in General Electric (NYSE:GE) by 6.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,847 shares of the conglomerate’s stock after purchasing an additional 244 shares during the period. Telos Capital Management Inc.’s holdings in General Electric were worth $491,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in GE. Atlas Brown Inc. boosted its stake in General Electric by 1.0% in the 4th quarter. Atlas Brown Inc. now owns 8,322 shares of the conglomerate’s stock worth $1,062,000 after purchasing an additional 85 shares during the period. Capital Analysts LLC boosted its stake in General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 87 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in General Electric by 9.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,027 shares of the conglomerate’s stock worth $131,000 after purchasing an additional 91 shares during the period. Ballast Advisors LLC boosted its stake in General Electric by 4.8% in the 4th quarter. Ballast Advisors LLC now owns 1,994 shares of the conglomerate’s stock worth $254,000 after purchasing an additional 91 shares during the period. Finally, King Wealth boosted its stake in General Electric by 3.2% in the 3rd quarter. King Wealth now owns 2,988 shares of the conglomerate’s stock worth $330,000 after purchasing an additional 92 shares during the period. Institutional investors own 74.77% of the company’s stock.

General Electric Trading Down 0.7 %

Shares of NYSE:GE opened at $155.67 on Thursday. The business has a 50-day moving average price of $158.87 and a 200-day moving average price of $133.96. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.69. The stock has a market cap of $170.19 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 3.07 and a beta of 1.29. General Electric has a 52-week low of $76.87 and a 52-week high of $158.68.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.13. The company had revenue of $19.42 billion during the quarter, compared to analysts’ expectations of $17.27 billion. General Electric had a return on equity of 10.88% and a net margin of 13.95%. General Electric’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the business earned $1.24 earnings per share. Equities analysts predict that General Electric will post 3.78 EPS for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, April 15th will be given a dividend of $0.28 per share. This is a boost from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, April 12th. General Electric’s dividend payout ratio (DPR) is currently 13.38%.

Analyst Ratings Changes

Several analysts have recently issued reports on GE shares. Bank of America decreased their price objective on General Electric from $175.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, April 8th. TD Cowen raised General Electric from a “hold” rating to a “buy” rating and upped their price objective for the stock 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 on the stock in a report on Wednesday, April 3rd. Jefferies Financial Group decreased their price objective on General Electric from $195.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Finally, TheStreet raised General Electric from a “c+” rating to a “b+” rating in a report on Tuesday, January 23rd. Two 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 a consensus price target of $160.07.

Insider Activity at General Electric

In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the firm’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 sale, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the firm’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 directly owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael J. Holston sold 13,601 shares of the firm’s 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 completion of the sale, the senior vice president now directly owns 48,339 shares in the company, valued at $6,552,351.45. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

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.