New Republic Capital LLC Purchases 123 Shares of General Electric (NYSE:GE)

New Republic Capital LLC boosted its holdings in shares of General Electric (NYSE:GE) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,876 shares of the conglomerate’s stock after acquiring an additional 123 shares during the period. New Republic Capital LLC’s holdings in General Electric were worth $313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC grew its stake in General Electric by 38.7% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 226 shares of the conglomerate’s stock valued at $38,000 after purchasing an additional 63 shares during the last quarter. Wealthcare Capital Partners LLC acquired a new stake in shares of General Electric during the fourth quarter worth about $285,000. Sovran Advisors LLC purchased a new stake in General Electric in the fourth quarter valued at approximately $931,000. Stonebridge Financial Group LLC acquired a new position in General Electric in the 4th quarter worth approximately $169,000. Finally, Essex Financial Services Inc. raised its position in General Electric by 3.7% during the 4th quarter. Essex Financial Services Inc. now owns 26,512 shares of the conglomerate’s stock worth $4,422,000 after buying an additional 951 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GE shares. Melius Research increased their price target on General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Northcoast Research began coverage on shares of General Electric in a research report on Tuesday, January 7th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft dropped their target price on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of General Electric in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company raised their price objective on General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, General Electric has a consensus rating of “Moderate Buy” and an average target price of $208.73.

General Electric Stock Performance

NYSE:GE opened at $205.33 on Tuesday. The company’s 50-day moving average is $179.68 and its two-hundred day moving average is $178.00. The firm has a market capitalization of $220.38 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 2.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a 1-year low of $110.95 and a 1-year high of $207.84.

General Electric (NYSE:GE) last announced its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Analysts forecast that General Electric will post 5.39 EPS for the current year.

General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Friday, December 27th. General Electric’s payout ratio is 18.70%.

Insider Transactions at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at $26,539,714.53. This represents a 9.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.66% of the company’s stock.

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.