Rogco LP Sells 57 Shares of General Electric (NYSE:GE)

Rogco LP lowered its position in General Electric (NYSE:GE) by 23.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184 shares of the conglomerate’s stock after selling 57 shares during the quarter. Rogco LP’s holdings in General Electric were worth $31,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Toth Financial Advisory Corp bought a new position in shares of General Electric during the 3rd quarter worth $25,000. Valley Wealth Managers Inc. bought a new position in General Electric during the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new position in General Electric during the 3rd quarter valued at about $27,000. Peterson Financial Group Inc. bought a new stake in shares of General Electric in the 3rd quarter valued at about $28,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of General Electric in the 3rd quarter worth approximately $30,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GE shares. UBS Group lifted their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, January 24th. 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, January 22nd. JPMorgan Chase & Co. raised their price objective on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Bank of America boosted their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Citigroup raised their price target on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $208.73.

General Electric Stock Up 0.1 %

Shares of GE stock opened at $208.62 on Monday. General Electric has a fifty-two week low of $117.43 and a fifty-two week high of $211.42. The firm has a market capitalization of $223.91 billion, a PE ratio of 34.83, a P/E/G ratio of 2.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The stock’s 50-day simple moving average is $182.66 and its 200-day simple moving average is $179.33.

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

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. This is an increase from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.69%. General Electric’s payout ratio is currently 18.70%.

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.