Quotient Wealth Partners LLC Makes New $386,000 Investment in General Electric (NYSE:GE)

Quotient Wealth Partners LLC bought a new stake in General Electric (NYSE:GEFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,026 shares of the conglomerate’s stock, valued at approximately $386,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Pinnacle Wealth Planning Services Inc. lifted its holdings in General Electric by 13.0% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 4,981 shares of the conglomerate’s stock valued at $636,000 after purchasing an additional 572 shares in the last quarter. Ironwood Investment Counsel LLC acquired a new position in General Electric during the fourth quarter worth about $388,000. Checchi Capital Advisers LLC raised its holdings in General Electric by 1.2% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,377 shares of the conglomerate’s stock valued at $814,000 after acquiring an additional 75 shares during the last quarter. Ieq Capital LLC boosted its holdings in shares of General Electric by 9.3% during the 4th quarter. Ieq Capital LLC now owns 35,284 shares of the conglomerate’s stock worth $4,503,000 after purchasing an additional 3,011 shares during the last quarter. Finally, USA Financial Formulas increased its holdings in shares of General Electric by 24,042.9% in the fourth quarter. USA Financial Formulas now owns 10,140 shares of the conglomerate’s stock valued at $1,294,000 after purchasing an additional 10,098 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Stock Performance

NYSE GE traded up $0.07 on Wednesday, reaching $160.07. The stock had a trading volume of 3,225,300 shares, compared to its average volume of 7,714,232. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.82 and a current ratio of 1.17. The stock has a market cap of $175.21 billion, a P/E ratio of 52.49, a price-to-earnings-growth ratio of 2.83 and a beta of 1.25. The business’s 50-day moving average price is $163.08 and its 200 day moving average price is $141.09. General Electric has a 12-month low of $79.76 and a 12-month high of $170.80.

General Electric (NYSE:GEGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping the consensus estimate of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The business had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. During the same quarter in the prior year, the business earned $0.27 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts expect that General Electric will post 3.96 earnings per share for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, April 12th. This is a boost from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.70%. General Electric’s dividend payout ratio is 36.72%.

Analyst Ratings Changes

GE has been the subject of a number of recent research reports. TD Cowen raised General Electric from a “hold” rating to a “buy” rating and raised their target price for the stock from $175.00 to $180.00 in a research note on Tuesday, April 9th. Argus raised their target price on General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Wells Fargo & Company boosted their price target on shares of General Electric from $165.00 to $192.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. TheStreet raised shares of General Electric from a “c+” rating to a “b+” rating in a research note on Tuesday, January 23rd. Finally, StockNews.com assumed coverage on shares of General Electric in a research note on Monday, April 29th. They set a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $174.21.

View Our Latest Report on General Electric

About General Electric

(Free Report)

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.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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