RFG Advisory LLC Purchases 522 Shares of General Electric (NYSE:GE)

RFG Advisory LLC boosted its position in General Electric (NYSE:GE) by 6.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,108 shares of the conglomerate’s stock after purchasing an additional 522 shares during the period. RFG Advisory LLC’s holdings in General Electric were worth $1,519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its position in General Electric by 10.5% during the second quarter. Mackenzie Financial Corp now owns 603,988 shares of the conglomerate’s stock valued at $96,016,000 after buying an additional 57,372 shares during the period. Beaird Harris Wealth Management LLC grew its position in shares of General Electric by 8.9% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 1,297 shares of the conglomerate’s stock valued at $206,000 after acquiring an additional 106 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of General Electric during the 2nd quarter worth approximately $811,000. Dorsey Wright & Associates raised its holdings in shares of General Electric by 2.4% in the 2nd quarter. Dorsey Wright & Associates now owns 12,228 shares of the conglomerate’s stock worth $1,944,000 after purchasing an additional 286 shares during the period. Finally, Kathmere Capital Management LLC lifted its stake in General Electric by 4.5% in the second quarter. Kathmere Capital Management LLC now owns 3,654 shares of the conglomerate’s stock valued at $581,000 after purchasing an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of recent research reports. Northcoast Research assumed coverage on General Electric in a research report on Tuesday, January 7th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. boosted their price objective on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft cut their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of General Electric in a research report on Wednesday. Finally, Citigroup raised their price objective on shares of General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, General Electric currently has an average rating of “Moderate Buy” and a consensus target price of $205.80.

General Electric Stock Performance

Shares of GE opened at $196.81 on Friday. General Electric has a 12-month low of $103.75 and a 12-month high of $207.65. 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 company has a market cap of $213.00 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 1.53 and a beta of 1.19. The stock has a 50-day moving average price of $175.33 and a 200-day moving average price of $175.00.

General Electric (NYSE:GE) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 11.48% and a return on equity of 18.93%. As a group, equities analysts forecast that General Electric will post 4.23 earnings per share for the current fiscal year.

General Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.57%. General Electric’s payout ratio is 19.68%.

Insiders Place Their Bets

In related news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Riccardo Procacci sold 7,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares of the company’s stock, valued at $2,407,036.57. This represents a 34.50 % decrease in their ownership of the stock. 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.