Bouvel Investment Partners LLC Has $4.11 Million Stock Holdings in General Electric (NYSE:GE)

Bouvel Investment Partners LLC grew its holdings in shares of General Electric (NYSE:GE) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,622 shares of the conglomerate’s stock after buying an additional 241 shares during the quarter. General Electric accounts for about 1.5% of Bouvel Investment Partners LLC’s holdings, making the stock its 23rd biggest position. Bouvel Investment Partners LLC’s holdings in General Electric were worth $4,107,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Oppenheimer Asset Management Inc. purchased a new position in General Electric during the 2nd quarter worth $556,000. Argent Trust Co grew its holdings in shares of General Electric by 0.6% in the second quarter. Argent Trust Co now owns 10,737 shares of the conglomerate’s stock valued at $1,707,000 after acquiring an additional 64 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in General Electric by 7.1% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,457 shares of the conglomerate’s stock valued at $3,411,000 after purchasing an additional 1,424 shares during the period. Blair William & Co. IL increased its position in shares of General Electric by 4.4% during the 2nd quarter. Blair William & Co. IL now owns 181,971 shares of the conglomerate’s stock valued at $28,928,000 after purchasing an additional 7,670 shares during the last quarter. Finally, Seven Eight Capital LP bought a new stake in shares of General Electric during the 2nd quarter worth $560,000. 74.77% of the stock is owned by institutional investors.

General Electric Price Performance

Shares of NYSE:GE opened at $179.75 on Friday. The company has a 50 day moving average of $174.36 and a 200 day moving average of $173.79. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The stock has a market cap of $194.54 billion, a P/E ratio of 31.59, a P/E/G ratio of 1.40 and a beta of 1.19. General Electric has a 12 month low of $100.95 and a 12 month high of $194.80.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The firm had revenue of $9.84 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The business’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts forecast that General Electric will post 4.23 EPS for the current fiscal year.

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Friday, December 27th. General Electric’s payout ratio is 19.68%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Bank of America raised their price objective on shares of General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Melius Research raised their price target on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Sanford C. Bernstein increased their price objective on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Northcoast Research began coverage on General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. Finally, Royal Bank of Canada lowered their price objective on General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, General Electric currently has a consensus rating of “Moderate Buy” and an average price target of $201.47.

Insider Buying and Selling

In other news, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the transaction, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares of the company’s stock, valued at $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

About General Electric

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.