General Electric (NYSE:GE) Stock Position Raised by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC raised its position in shares of General Electric (NYSE:GE) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,289 shares of the conglomerate’s stock after purchasing an additional 128 shares during the period. Alpha Cubed Investments LLC’s holdings in General Electric were worth $420,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GE. Commonwealth Equity Services LLC raised its stake in shares of General Electric by 2.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 351,098 shares of the conglomerate’s stock worth $38,814,000 after purchasing an additional 9,134 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of General Electric by 9.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 139,128 shares of the conglomerate’s stock valued at $15,381,000 after acquiring an additional 12,020 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of General Electric by 26.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 583,995 shares of the conglomerate’s stock valued at $64,561,000 after acquiring an additional 123,743 shares in the last quarter. Joel Isaacson & Co. LLC raised its stake in shares of General Electric by 4.0% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 5,329 shares of the conglomerate’s stock valued at $589,000 after acquiring an additional 205 shares in the last quarter. Finally, Dakota Wealth Management raised its stake in shares of General Electric by 163.4% in the 3rd quarter. Dakota Wealth Management now owns 5,577 shares of the conglomerate’s stock valued at $617,000 after acquiring an additional 3,460 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Oppenheimer reissued a “market perform” rating on shares of General Electric in a research note on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft lowered their target price on General Electric from $210.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, April 3rd. JPMorgan Chase & Co. lowered their target price on General Electric from $180.00 to $148.00 and set an “overweight” rating on the stock in a report on Tuesday, April 2nd. StockNews.com initiated coverage on General Electric in a report on Monday. They issued a “hold” rating on the stock. Finally, Barclays lowered their target price on General Electric from $181.00 to $175.00 and set an “overweight” rating on the stock in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, General Electric currently has an average rating of “Moderate Buy” and an average target price of $172.29.

General Electric Price Performance

Shares of GE stock opened at $161.55 on Wednesday. The stock’s fifty day simple moving average is $161.29 and its 200 day simple moving average is $137.17. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. The firm has a market cap of $176.83 billion, a price-to-earnings ratio of 53.03, a P/E/G ratio of 2.93 and a beta of 1.29. General Electric has a one year low of $77.93 and a one year high of $166.26.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, beating the consensus estimate of $0.65 by $0.17. The business had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. General Electric’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 EPS. On average, analysts expect that General Electric will post 3.95 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were given a $0.28 dividend. This is an increase from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, April 12th. This represents a $1.12 annualized dividend and a yield of 0.69%. General Electric’s payout ratio is presently 36.72%.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction 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 transaction, the senior vice president now owns 56,284 shares in the company, valued at approximately $8,153,863.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the sale, the senior vice president now owns 56,284 shares in the company, valued at $8,153,863.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Michael J. Holston sold 13,601 shares of the business’s stock in a transaction 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 owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

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.