General Electric (NYSE:GE) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV lowered its position in shares of General Electric (NYSE:GE) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,757 shares of the conglomerate’s stock after selling 319 shares during the period. Forte Capital LLC ADV’s holdings in General Electric were worth $793,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valley Wealth Managers Inc. acquired a new position in General Electric in the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new position in General Electric in the 3rd quarter valued at about $27,000. Hager Investment Management Services LLC acquired a new position in General Electric in the 4th quarter valued at about $27,000. Peterson Financial Group Inc. acquired a new position in General Electric in the 3rd quarter valued at about $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in General Electric in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GE. Citigroup boosted their price target on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Wells Fargo & Company boosted their target price on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. 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. Finally, Bank of America boosted their target price on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, General Electric presently has an average rating of “Moderate Buy” and an average target price of $211.31.

General Electric Price Performance

Shares of NYSE:GE opened at $199.90 on Friday. General Electric has a 12 month low of $119.88 and a 12 month high of $212.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The business’s 50 day simple moving average is $186.57 and its 200-day simple moving average is $180.72. The firm has a market capitalization of $214.55 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 2.62 and a beta of 1.22.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, equities analysts forecast that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a $0.36 dividend. This is an increase from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.72%. General Electric’s dividend payout ratio is currently 24.04%.

General Electric 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.